Topaz signs a 25 million dollar credit line with the BIDC

The agreement announced on 14 October is meant to support the company's raw material purchases and industrial production in Guinea.

By Aminata Traoré · 15 October 2026 · 1 min read

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Headquarters of the BIDC in Lomé, 10 April 2022. Archive photo, unrelated to the signing of the Topaz agreement. Hermannkass / Wikimedia Commons, CC BY-SA 4.0. Resizing and WebP conversion.

Topaz Multi-Industries SA signed a renewable credit line of 25 million US dollars with the ECOWAS Bank for Investment and Development (BIDC) on 13 October, the bank announced on 14 October. The agreement is intended to support the company's industrial production in Guinea.

According to the BIDC, this facility is intended to strengthen raw material purchases, maintain production and meet demand for industrial and household products. The bank states that a significant share of Topaz's business concerns regional markets, without quantifying it.

Topaz's managing director, Roshan Ashok Vaswani, said at the signing that this financing should allow the company to increase production capacity and better meet demand, the BIDC reports.

Founded in 1995 in Guinea, the company manufactures paints, plastic pipes and fittings, molded household articles, as well as PET bottles and packaging, according to its website. These product ranges serve household uses, construction and product packaging.

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