EBID Extends XOF 5 billion to KOIRA BTP ultra-modern market complex in Côte d’Ivoire
The ECOWAS Bank for Investment and Development (EBID) extended a loan in the amount of XOF 5 billion to KOIRA BTP for the construction of an ultra-modern market in Adjamé-Habitat municipality, Republic of Côte d’Ivoire. The loan agreement to this effect was signed on Monday, September 11, 2023, in Lomé, Togo.
In his remarks, Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, emphasised that the agreement was in line with the Bank’s strategic vision to promote an inclusive, sustainable, and resilient sub-region through the financing of the growth poles of ECOWAS Member States.
The project will greatly improve the trading conditions in Adjamé, which has traditionally served as a commercial hub, with over 80% of the local population involved in small businesses such as trading in fabrics, foodstuffs, and household appliances. This new credit facility brings EBID’s total commitments in Côte d’Ivoire to XOF 375 billion for both the private and public sectors.
Mr. Cesse Kome, Chairman of the Board of Directors of KOIRA BTP SA, expressed his gratitude, appreciation, and commitment to upholding this enduring partnership with EBID. He assured the Bank of the judicious application of the facility to drive sustainable growth and enhance commerce.
The project, which is set to create a total of 3275 direct and indirect jobs, is yet another example of EBID’s commitment to boosting employment for the youth while creating wealth to alleviate poverty in the subregion.