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 […]
Cabo Verde Appointed New Chair of EBID Board of Governors
The 20th Annual General Meeting of the Board of Governors of the ECOWAS Bank for Investment and Development (EBID), unanimously appointed the Deputy Prime Minister and Minister for Finance and Business Development and Minister for Digital Economy of the Republic of Cabo Verde, His Excellency Dr. Olavo Avelino Garcia Correia, as the new Chairman of […]
EBID Commits Support for Post-Covid Economic Resurgence in the Gambia
The ECOWAS Bank for Investment and Development (EBID) is committed to consolidating its relationship with the Republic of The Gambia through the financing of key infrastructure projects to propel economic transformation. EBID will also fund developmental initiatives with the sole purpose of positively impacting the livelihoods of the Gambian people in the aftermath of the Covid-19 pandemic […]
EBID Secures USD 100 Million Commercial Credit Line from India Exim Bank to Support Private Sector Transformation
Dr. George Agyekum Nana DONKOR, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), and Mr. Subhasis Dhal, Chief Executive of India Exim Bank, London, today signed an historic commercial credit line agreement for an amount of USD 100 million in the London office of the India […]
Speech by Dr. George Agyekum Nana Donkor, President and Chairman of the Board of Directors of EBID on the occasion of the International Women’s Day Celebration 2022
Good afternoon, Vice Presidents, Directors, and staff members herein present physically and remotely. Today, we have the pleasure of once again participating in the worldwide celebration of the International Women’s Day. International Women’s Day is a day for celebrating women who work hard every day to achieve personal and professional goals. The date of March […]
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 […]