EBID Invests USD 397 Million In Côte d’Ivoire

EBID Invests USD 397 Million In Côte d’Ivoire

The ECOWAS Bank for Investment and Development (EBID) has so far invested an amount of USD 397 million in critical sectors of the Côte d’Ivoire economy. This figure is expected to increase significantly following the implementation of additional pipeline projects which have gone through the Bank’s approval matrix. This was disclosed by the President and […]

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Moody’s changes EBID’s outlook to stable, affirms B2 rating

Moody’s changes EBID’s outlook to stable, affirms B2 rating

03 December 2021 — Moody’s Investors Service has today changed the ECOWAS (Economic Community of West African States) Bank for Investment and Development’s (EBID) outlook to stable from negative and affirmed the B2 long-term issuer rating. The change in outlook to stable acknowledges EBID’s recent clearance of arrears on capital from a number of major […]

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EBID Secures XOF 40 billion Line of Credit from BOA Group

EBID Secures XOF 40 billion Line of Credit from BOA Group

The ECOWAS Bank for Investment and Development (EBID) has obtained a line of credit worth forty billion francs CFA from the Bank of Africa Group (BOA GROUP) for the financing of private sector projects aimed at boosting commerce and industries in the fifteen ECOWAS member states. The signing of the loan agreement marks the commencement […]

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EBID Board approves $68,105,350.42 Funding for Projects

EBID Board approves $68,105,350.42 Funding for Projects

The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved sixty-eight million, one hundred and five thousand, three hundred and fifty united states dollars, forty-two cents (US$68,105,350.42) for the funding of public and private sector projects, during its 75th Meeting held on 1st October 2021, at the Bank’s headquarters in […]

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EBID appoints Dr Ashimolowo as new Vice-President Operations

EBID appoints Dr Ashimolowo as new Vice-President Operations

The 75th Meeting of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), held on 1st October 2021, at the Bank’s headquarters, unanimously appointed Dr. Olagunju M. O. Ashimolowo, as Vice-President in charge of Operations. Dr. Ashimolowo brings on board wealth of relevant experience which will further strengthen and consolidate the […]

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EBID Grants a XOF 7 Billion Line of Credit to the Agricultural Bank of Niger

EBID Grants a XOF 7 Billion Line of Credit to the Agricultural Bank of Niger

On 22 September 2021, the ECOWAS Bank for Investment and Development (EBID) granted a line of credit of seven billion francs CFA to the Agricultural Bank of Niger to reinforce their financing capacity in the Republic of Niger. The facility agreement was signed by Dr George Agyekum DONKOR, President and Chairman of the Board of […]

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Togolese Minister for Investment Promotion Visits EBID’s President

Togolese Minister for Investment Promotion Visits EBID’s President

On 19 August 2021, the Minister for Investment Promotion for the Republic of Togo, Mrs. Kayi Rose MIVEDOR-SAMBIANI, paid a courtesy visit to Dr George Agyekum DONKOR, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID) at the Bank’s Headquarters in Lomé, Togo. The purpose of the […]

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Address of the President of EBID during the launch of the maiden Editions of EBID’s West African Development Outlook and Rendez-Vous Newsletter

Address of the President of EBID during the launch of the maiden Editions of EBID’s West African Development Outlook and Rendez-Vous Newsletter

Board of Governors of EBID; Officials of ECOWAS Commission; Board of Directors; Senior Management of EBID; Bilateral and Multilateral partners; Sister ECOWAS institutions and Agencies; Members of the Press; Directors of EBID; Staff of EBID; Distinguished Guests; Ladies and Gentlemen. It is indeed a pleasure and an honour to meet on this platform to discuss […]

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