EBID President Advocates Policy Alignment and SME support to drive AfCFTA growth at 2024 Rebranding Africa Forum

EBID President Advocates Policy Alignment and SME support to drive AfCFTA growth at 2024 Rebranding Africa Forum

Dr. George Agyekum Donkor, President and Chairman of the ECOWAS Bank for Investment and Development (EBID), has highlighted the transformative potential of the African Continental Free Trade Area (AfCFTA) during his address at the 2024 Rebranding Africa Forum in Brussels. With intra-African trade at approximately 16% and intra-ECOWAS trade even lower at under 12%, Dr. […]

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Second Edition of EBID’s President’s Roundtable: Road-mapping Infrastructure Development in ECOWAS

Second Edition of EBID’s President’s Roundtable: Road-mapping Infrastructure Development in ECOWAS

The second edition of EBID’s President’s Roundtable on “Road-mapping Infrastructure Development in ECOWAS” will take place on 5th November 2024 at 11:00 am GMT. Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, will be joined by other leading development experts in the sub-region to discuss and share their collective experiences […]

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EBID extends Euros 20 Million to support SMEs/SMIs in Guinea

EBID extends Euros 20 Million to support SMEs/SMIs in Guinea

The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, signed a loan agreement granting a line of credit in the amount of EUR 20 million to the Bank of Commerce and Industry of Guinea (BCI Guinée). This loan facility will be used […]

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The ECOWAS Bank for Investment and Development (EBID) grants a € 58 Million syndicated loan to Atlantic Cocoa Corporation Côte d’Ivoire to boost the agro-industrial sector

The ECOWAS Bank for Investment and Development (EBID) grants a € 58 Million syndicated loan to Atlantic Cocoa Corporation Côte d’Ivoire to boost the agro-industrial sector

The ECOWAS Bank for Investment and Development (EBID) and CORIS Bank International Côte d’Ivoire have extended a loan facility in the amount of EUR 58 million to Atlantic Cocoa Corporation in the Republic of Cote d’Ivoire. This syndicated facility, which was approved during the 89th Session of the Board of Directors of the Bank on […]

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89th session of EBID Board of Directors invests EUR 61 million and USD 100 million to boost infrastructure and trade

89th session of EBID Board of Directors invests EUR 61 million and USD 100 million to boost infrastructure and trade

The Board of Directors of the ECOWAS Bank for Investment and Development (EBID), at its 89th Ordinary Session, approved investments totalling EUR 61 million and USD 100 million to stimulate the infrastructure, trade and sustainable development sectors in West Africa. The session was held on October 1, 2024, at the Bank’s headquarters in Lomé, Togo, […]

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EBID extends €20 million to support the private sector in Côte d’Ivoire

EBID extends €20 million to support the private sector in Côte d’Ivoire

The ECOWAS Bank for Investment and Development (EBID) has signed a €20 million Wakala Framework Agreement (loan agreement) with MANSA BANK to support private enterprises in key sectors, including agriculture, agro-industry, services, renewable energy, education and health in Côte d’Ivoire. This financing extended to MANSA BANK aims to stimulate sustainable growth, promoting private sector development, […]

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Closing the oversubscribed first green and sustainable bond (‘GSS Bond’ or ‘Green, Social and Sustainability Bond’) of FCFA 70 billion with 7 years maturity and coupon of 6.5%, by Public Offering in the WAEMU region.

Closing the oversubscribed first green and sustainable bond (‘GSS Bond’ or ‘Green, Social and Sustainability Bond’) of FCFA 70 billion with 7 years maturity and coupon of 6.5%, by Public Offering in the WAEMU region.

The Consortium comprising IMPAXIS, Lead Arranger and Leader, Coris Bourse and EDC Investment Corporation, respectively Co-Arranger and Co-Leader, is delighted to inform the market of the early closing of the ‘GSS BIDC-EBID 6.50% 2024 -2031’ bond. This FCFA 70 billion transaction is a ground-breaking innovation in the regional public offering market, as it is the […]

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EBID and INDIA explore enhanced collaboration

EBID and INDIA explore enhanced collaboration

Dr George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), received His Excellency Sanjiv Tandon, Ambassador of the Republic of India to Togo, for a courtesy visit at the Bank’s headquarters in Lomé. Dr Donkor lauded the long-standing partnership between India and EBID, highlighting […]

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Take Proactive Measures to Support Trade Diversification and Infrastructure Development

Take Proactive Measures to Support Trade Diversification and Infrastructure Development

The Honorary President of the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID), Dr George Agyekum Donkor, has urged DFIs and Exim banks to take proactive measures to support trade diversification and infrastructure development. According to Dr Donkor, strategic investments in key sectors can build resilient economies capable of withstanding global shocks. He, […]

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