The ECOWAS Bank for Investment and Development (EBID) on Thursday November 10, 2022, signed a 10 million EUR loan agreement with ECO Oil of Burkina Faso. The EBID short term loan facility will go to enhance the distribution of petroleum products to Burkina Faso and Niger, by ECO Oil’s sister companies. The loan is a […]
The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously increased the Bank’s authorised capital from USD 1.5 billion to USD 3.5 billion with effect from January 2023. The Governors also called for the third tranche of the capital of the Bank which is in the sum of USD 438 […]
The ECOWAS Bank for Investment and Development (EBID) has signed a loan agreement extending a facility of USD 60 Million to the Ghana Grid Company Limited (GRIDco). The signing ceremony took place on 18th October 2022 at the head office of the Bank in Lome, Togolese Republic. The President and Chairman of the Board of […]
The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved a total of USD 250 million for five (5) Member States to boost the oil & gas, energy, road infrastructure and agricultural sectors of West Africa. The beneficiary countries are Burkina Faso, Ghana, Nigeria, Senegal, and Sierra Leone. The approvals […]
The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor, has been nominated to receive this year’s Prix de la Fondation award at the prestigious Crans Montana Forum (CMF) scheduled to take place between November 16-19, 2022, in Geneva, Switzerland. The award, which […]
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 […]
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 […]
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 […]
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 […]
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 […]
