# Guinea and AfDB discuss financing priorities under Simandou 2040

> Talks involving six ministers identified a project portfolio costing more than US$7 billion over five years.

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- Publisher: Newsverum
- Section: Economy
- Country: Guinea
- Published: 2026-10-21T00:44:01+00:00
- Updated: 2026-10-21T00:44:01+00:00
- Event / data period: 2026-10-09
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A six-minister Guinean delegation met AfDB leaders in Abidjan on 9 October to discuss mobilizing finance for priority projects under the Simandou 2040 Programme. Working sessions covered energy, infrastructure, transport, agriculture, value chains and private-sector participation.

The parties identified priority projects with an estimated total cost above US$7 billion for support over the next five years and agreed to continue technical preparation. AfDB said its existing Guinea portfolio stood at 22 operations worth US$544 million as of 30 September, with more than three-quarters of commitments in energy and transport; the identified pipeline is not a new financing commitment.

## Data

### High-level dialogue

Meeting between Guinea’s government and AfDB on Simandou 2040 projects and the existing portfolio.

Methodology: Existing portfolio and proposed pipeline values are kept distinct; priority projects remain to be prepared and financed, with no approval announced.

| date | label | description | status |
|---|---|---|---|
| 2026-10-09 | Six ministers discuss priority projects in Abidjan | Identified priority pipeline has estimated cost above US$7 billion. | occurred |

Sources: <https://www.afdb.org/fr/news-and-events/press-releases/guinee-banque-africaine-developpement-conduisent-97550> · Download data: [JSON](https://newsverum.com/api/v1/articles/guinea-afdb-discuss-financing-priorities-for-simandou-2040/data/source-event?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/guinea-afdb-discuss-financing-priorities-for-simandou-2040/data/source-event?lang=en&format=csv)

## Sources

- [African Development Bank Group](<https://www.afdb.org/fr/news-and-events/press-releases/guinee-banque-africaine-developpement-conduisent-97550>) (Source checked: 2026-10-21; Published: 2026-10-15)

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