EBID Commits XOF 298 bn into Cote d’Ivoire Economy

EBID Commits XOF 298 bn into Cote d’Ivoire Economy

The ECOWAS Bank for Investment and Development (EBID) has increased its commitments to the economy of the Republic of Côte D’Ivoire to a total of FCFA 298.7 billion (equivalent of about USD 464 million) to finance projects in various areas such as infrastructure, health, industry, and agriculture.  This was disclosed by the President and Chairman […]

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EBID Commits XOF 294 bn Into Cote d’Ivoire Economy

EBID Commits XOF 294 bn Into Cote d’Ivoire Economy

The ECOWAS Bank for Investment and Development (EBID) has so far committed a total of XOF 294 billion (equivalent of about USD450 million) into the economy of the Republic of Côte D’Ivoire to finance projects in various areas such as infrastructure, health, industry, and agriculture. The President of EBID, Dr. George Agyekum Donkor, disclosed this […]

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EBID Commits USD3.2 bn Support to ECOWAS Member States

EBID Commits USD3.2 bn Support to ECOWAS Member States

The ECOWAS Bank for Investment and Development (EBID) has committed the sum of USD 3.2 Billion to finance various projects and initiatives across the fifteen ECOWAS Member States as at the end of Quarter one (Q1) of 2022. This amount has gone towards a total of 278 projects of which 143 are private sector and […]

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ECOWAS Commission and EBID Agrees to Strengthen Ties on Mutual Interest

ECOWAS Commission and EBID Agrees to Strengthen Ties on Mutual Interest

Abuja, August 25, 2022 – The ECOWAS Commission Leadership led by H. E Dr. Omar Alieu Touray, on Thursday 25th August 2022, welcomed the management of ECOWAS Bank for Investment and Development (EBID) to the commission’s headquarters in Abuja, Nigeria on a working visit to strengthen collaboration, expand cooperation and explore areas of mutual interest […]

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The 2022 West Africa Development Outlook Proposes Increased Sub-Regional Trade and Structural Transformation

The 2022 West Africa Development Outlook Proposes Increased Sub-Regional Trade and Structural Transformation

The ECOWAS Bank for Investment and Development (EBID) has officially released the 2022 edition of the West Africa Development Outlook (WADO), which takes stock of socio-economic developments of the previous year and presents a macroeconomic outlook for the year 2022. The WADO discusses the socio-economic challenges of the times and postulates policy interventions that could […]

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ADEX and EBID sign financing agreement to boost UAE exports to West Africa

ADEX and EBID sign financing agreement to boost UAE exports to West Africa

Abu Dhabi, June 28 – Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a financing agreement with the ECOWAS Bank for Investment and Development (EBID), whereby a line of credit of US$20 million will be opened between the two entities that will enhance strategic cooperation, leading […]

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Bond issue by public offering dubbed “EBID 5.90% – 2022-2029” closes with oversubscription “EBID – EBID 5.90% – 2022-2029”: F CFA 120 billion

Bond issue by public offering dubbed “EBID 5.90% – 2022-2029” closes with oversubscription “EBID – EBID 5.90% – 2022-2029”: F CFA 120 billion

The Consortium, comprising IMPAXIS, Lead Arranger and Lead Bookrunner and Coris Bourse and Ecobank, respectively Co-Arranger and Co-Lead Bookrunner, is pleased to inform the market of the early closing of the bond issue named “EBID 5.90% – 2022-2029”. The FCFA 120 billion transaction is the largest bond issue launched by a non-sovereign issuer since the […]

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