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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EBID President Visits Cabo Verde

EBID President Visits Cabo Verde

The President of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor, led a delegation of the Bank on a working visit to Cabo Verde from May 6 to May 10, 2022.  He was received at the Presidency by His Excellency the President of the Republic of Cabo Verde, Mr. Jose Maria […]

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May Day Message from the President of the Ecowas Bank for Investment and Development(EBID) – May 1, 2022

May Day Message from the President of the Ecowas Bank for Investment and Development(EBID) – May 1, 2022

The commemoration of May Day, also known as International Workers Day, gives us all the opportunity to honour and recognise the momentous role of workers and organised labour movements across the globe in their quest to deliver optimum productivity whiles ensuring the provision of motivating working conditions. It is apt therefore that the International Labour […]

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Fitch Ratings Revises EBID’s Outlook to Stable; Affirms at ‘B’

Fitch Ratings Revises EBID’s Outlook to Stable; Affirms at ‘B’

Fitch Ratings – Paris – 20 Apr 2022: Fitch Ratings has revised the Outlook on Banque d’investissement et de developpement de la CEDEAO’s (EBID) Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B’.  Key Rating Drivers Reduced Pressure on Solvency: The Outlook revision primarily reflects the reduction in our […]

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