EBID Launches ESG Financing Framework with Positive Assessment from ISS ESG Solutions
The ECOWAS Bank for Investment and Development (EBID) has published its inaugural Environmental, Social, and Governance (ESG) Financing Framework, signalling its commitment to sustainable development and green financing of key projects in priority sectors. The Framework, which has received a positive assessment from ISS Corporate Solutions, will play a crucial role in linking EBID’s resource […]
The President of EBID Receives International Award
The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor, received the “2022 Prix de la Fondation” (the highest award) at the prestigious Crans Montana Forum (CMF) on 18 November 2022, in Geneva, Switzerland. The award was presented by His Royal Highness Prince Guillaume […]
EBID Grants EUR 10 million Loan Facility to ECO Oil of Burkina Faso
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 […]
EBID approves general capital increase and calls for the third tranche of its authorised capital
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 […]
EBID extends a loan facility of USD 60 Million to the Ghana Grid Company Limited (GRIDco)
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 EBID Approves USD 250 million for five (5) Member States
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 of EBID Nominated for an International Award
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 […]
EBID Commits XOF 298 bn into Cote d’Ivoire Economy
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 […]
EBID Commits XOF 294 bn Into Cote d’Ivoire Economy
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 […]