The Ministry of Industry and Commerce in Guinea, led by Minister Aboubacar KOUROUMA, recently hosted a forum in Kamsar to discuss financing and support for small and medium-sized enterprises (SMEs). The event, which took place on September 27, 2026, brought together local authorities, economic operators, professional organizations, financial institutions, and project holders. The goal of the forum was to strengthen dialogue with private sector actors and facilitate access to public support mechanisms, markets, and financing sources.
Minister KOUROUMA emphasized the importance of the administration engaging with entrepreneurs to present the mechanisms put in place by the state to support their activities and understand their difficulties. He noted that access to financing remains one of the main concerns of SMEs. The forum provided an opportunity to present several mechanisms aimed at addressing this issue, including the Industrial Development Fund and SMEs, the Loan Guarantee Fund, the Autonomous Agency for Assistance to Enterprises, and the Enterprise Financiers Club.
These mechanisms aim to bring project holders closer to financial institutions, strengthen the preparation of dossiers, and facilitate access to credit. The discussions were held in line with the vision of President Mamadi DOUMBOUYA and the dynamics of the Simandou 2040 Program, which places great importance on economic development, SME financing, and financial inclusion. The Ministry aims to strengthen the bridges between SMEs, large enterprises, and financial institutions to promote greater participation of Guinean companies in supply chains and economic opportunities.
The Minister also called on large enterprises to better communicate their needs, specifications, and calendars to enable local suppliers and service providers to prepare and seize opportunities. The forum addressed several issues related to enterprise formalization, standardization, market access, and regulation on single-use plastics. A structured dialogue framework will be established to serve as a bridge between public support structures and SMEs.
The event was attended by various stakeholders, including local authorities, economic operators, and project holders. The Ministry's initiative aims to reduce the mortality rate of SMEs by providing them with the necessary support and financing. The forum provided a platform for stakeholders to discuss the challenges facing SMEs and explore solutions to address them.
The Ministry of Industry and Commerce is committed to supporting the growth and development of SMEs in Guinea. The forum in Kamsar is part of a broader effort to promote economic development and financial inclusion in the country. The Ministry will continue to work with stakeholders to implement the mechanisms and strategies discussed during the forum.
The forum concluded with a renewed commitment from stakeholders to work together to support the growth and development of SMEs in Guinea. The Ministry's efforts are expected to have a positive impact on the country's economy and contribute to the achievement of the Simandou 2040 Program's objectives.
Key points
- The Ministry of Industry and Commerce in Guinea hosted a forum in Kamsar to discuss financing and support for SMEs.
- The forum aimed to strengthen dialogue with private sector actors and facilitate access to public support mechanisms, markets, and financing sources.
- The Ministry presented several mechanisms to support SMEs, including the Industrial Development Fund and SMEs, the Loan Guarantee Fund, and the Autonomous Agency for Assistance to Enterprises.
