The Fonds de Garantie des Prêts aux Entreprises (FGPE) and ECOBANK Guinée have signed a strategic partnership to enhance access to financing for Guinea's agricultural sector. The agreement was signed on September 7, 2026, at ECOBANK Guinée's headquarters in Conakry. The partnership aims to support the growth of the agricultural sector by providing easier access to credit for operators in the sector. This initiative is part of the Programme de Développement de l’Agriculture Commerciale en Guinée (PDACG), funded by the World Bank.
The partnership establishes a mechanism for partial guarantee of credit portfolios, known as Fonds GPP. This mechanism will enable financial institutions to increase their support for economic operators, particularly those struggling to access credit due to insufficient guarantees. The FGPE and ECOBANK Guinée have expressed their commitment to contributing to the development of agricultural financing and supporting enterprises in various value chains. The partnership is expected to promote economic growth, job creation, and strengthening of agricultural value chains.
The agreement was signed by Mamoudou Mara, Director General of FGPE, and Thierno Amadou Berthe, Deputy Director General of ECOBANK Guinée, representing the Director General, Diawadou Bah. ECOBANK Guinée's Deputy Director General, Thierno Amadou Berthe, welcomed the partnership, highlighting its significance in supporting the agricultural sector, a strategic area for the bank. He emphasized ECOBANK's commitment to contributing to the financing of this priority sector for the Guinean economy.
Mamoudou Mara, Director General of FGPE, stressed the importance of strengthening mechanisms to facilitate access to financing for enterprises. He noted that this partnership illustrates FGPE's willingness to work with financial institutions to facilitate access to credit for enterprises, particularly those in high-potential sectors like agriculture. The partnership is expected to contribute to the development of economic activities and job creation in Guinea.
The FGPE and ECOBANK Guinée partnership is part of a broader effort to support the development of the private sector and financing of the real economy in Guinea. The two institutions aim to work together to promote economic growth and development in the country. This partnership marks a new step in their collaboration to support the growth of the agricultural sector.
The Programme de Développement de l’Agriculture Commerciale en Guinée (PDACG) is a World Bank-funded initiative aimed at promoting commercial agriculture in Guinea. The program seeks to increase agricultural productivity, improve farmers' incomes, and enhance food security. The partnership between FGPE and ECOBANK Guinée is a key component of this program, as it aims to address the financing needs of agricultural operators.
The partnership between FGPE and ECOBANK Guinée is expected to have a positive impact on the Guinean economy. By increasing access to financing for agricultural operators, the partnership is likely to promote economic growth, job creation, and poverty reduction. The two institutions have expressed their commitment to working together to achieve these goals and to support the development of the agricultural sector in Guinea.
Key points
- The partnership aims to facilitate access to credit for agricultural operators in Guinea.
- The initiative is part of the Programme de Développement de l’Agriculture Commerciale en Guinée (PDACG), funded by the World Bank.
- The partnership establishes a mechanism for partial guarantee of credit portfolios to support financial institutions in providing credit to agricultural operators.
