The ECOWAS Bank for Investment and Development (EBID) is the financial arm of the Economic Community of West African States (ECOWAS) comprising fifteen (15) Member States namely, Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.

EBID emerged as a banking group (the EBID Group) after the transformation of the erstwhile Fund for Cooperation, Compensation and Development of the Economic Community of West African States (ECOWAS Fund) in 1999.

 [The ECOWAS Fund was established in 1975 at the same time as the erstwhile Executive Secretariat of the Economic Community of West African States (the present ECOWAS Commission) and commenced operations in 1979].

ECOWAS Bank for Investment and Development (EBID) started operations in 1999 as a holding company with two specialized subsidiaries:

  • ECOWAS Regional Development Fund (ERDF) for financing the public sector;
  • ECOWAS Regional Investment Bank (ERIB) for financing the private sector.

In 2006, the ECOWAS Authority of Heads of State and Government agreed to reorganize the EBID Group into one unified entity with two windows: one for promoting the private sector and the other, for developing the public sector in order to extend the services of the Bank to a wider range of stakeholders involved in sustainable economic development activities and programmes at national and regional levels.   The headquarters of the Bank is in Lomé, Togolese Republic.


The vision of the Bank is to be the leading regional investment and development finance bank in West Africa, a powerful financial institution for private sector promotion and financing in the region and an effective instrument for poverty alleviation, wealth creation and job promotion for the well-being of the people of the region.


The mission of EBID is to contribute towards creating the conditions capable of enhancing the emergence of an economically strong, industrialized and prosperous West Africa that is perfectly integrated both internally, and in the global economic system in order to benefit  from the opportunities offered by in order to advantage of the opportunities and prospects offered by globalization. By virtue of its Articles of Association the Bank aims to:

  • Contribute to attaining the objectives of the Community by supporting infrastructure projects relating to regional integration or any other development projects in the public and private sectors;
  • Assist in the development of the Community by funding special programs.


The corporate object of EBID is to:

  • Grant loans and guarantees for financing investment projects and programmes for the economic and social development of Member States;
  • Mobilize resources within and outside the Community for the financing of its investment projects and programmes;
  • Provide the technical assistance necessary within the community for the study, preparation, financing and execution of development projects and programmes;
  • Receive and manage the portion of the Community Levy resources meant for financing of Community development projects;
  • Manage any Community special funds relevant to its corporate object;
  • Carry out any commercial, industrial or agricultural activity, in as much as such activity is secondary to its object.

Within the scope of its corporate object, the Bank cooperates with national and sub-regional development organizations operating within the Community. In the same vein, it cooperates with other international organizations with similar aims and other institutions involved in the development of the Community.


The authorized capital is US$1.5 billion. Seventy percent (70%) of the authorized capital is reserved for regional members (15 ECOWAS Member States) while the remaining 30% or about US$450 million is open to subscription by non-regional members. As at 31 December 2019 only regional members had subscribed to the capital structured as follows:


Beneficiaries of EBID Interventions

EBID financial and technical assistance is open to the following:

  • ECOWAS Member States or their agencies;
  • Public companies, private companies and mixed enterprise corporations of ECOWAS Member States;
  • Local financial institutions;
  • Corporate bodies from ECOWAS Member States or from foreign countries desirous of investing in the ECOWAS zone, in sectors within EBID’s areas of intervention.

General Conditions Applicable


Loan amounts are denominated in Units of Account (UA), which is equivalent to the Special Drawing Right (SDR) of the International Monetary Fund (IMF). Exceptionally, they may be denominated in local currency if the resources are mobilized locally;
Guarantees issued or demanded by EBID are denominated in the currency of the transaction guaranteed;
Document processing fees, interest and other fees are denominated in the same currency as the loan, guarantee or other counter guarantee.


The Bank’s Level of Intervention per Loan is as Follows:

  • Minimum amount of UA1 million (about US$1.5 million);
  • Maximum amount of UA 20 million (about US$30 million) for national public sector projects;
  • Maximum amount of UA 30 million (about US$45 million) for regional public sectors projects;
  • Maximum amount of UA 15 million (about US$22.5 million) for private sector projects.

Submission of Requests for Funding

Requests for funding are addressed to the President
ECOWAS Bank for Investment and Development (EBID)
128, Boulevard du 13 Janvier
B.P. 2704 Lomé – Togo
Tel: +228 22 21 68 64
Fax: +228 22 21 86 84


EBID decision-making bodies:

  • Board of Governors
  • Board of Director
  • President

The Board of Governors is the highest decision-making body and has oversight functions over the Bank’s management and administration. The Board of Directors is responsible for general operations of the Bank.
The President is responsible for the day to day management of EBID and his powers are defined in the Articles of Association. The President is assisted by two Vice-Presidents namely, the Vice-President Finance and Corporate Services and the Vice-President Operations.


Operational activities of EBID are intended to lay the foundation for the sustainable development of Member States of the Community through the financing of regional and national (public and private) projects. The Bank operates primarily in the following areas:

  • Infrastructure and Basic Amenities;
  • Rural Development and Environment (irrigation, flood control, rural water supply, agriculture, livestock, fisheries, ecosystem protection, renewable energy, capacity building);
  • Social Sector (vocational training, education, health, support to decentralization, municipal facilities);
  • Industry (agro-industry, mining industry, other industries, technology transfer, technological innovation);
  • Services (financial services, services related to information technology, financial engineering, hotels, etc.).


EBID intervenes in the form of:

  • Long, Medium and Short-Term Loans;
  • Equity Participation;
  • Granting of Lines of Credit and Putting in Place Framework Agreements for Refinancing;
  • Issue and Guarantee of Loans, Debentures, Bonds and Other Securities;
  • Financial Engineering Operations and Services.


  • Decades of Experience in Project Financing within and among ECOWAS Member States;
  • Major Partner for Regional Integration Programmes and Implementation of Public-Private Sector Partnerships in Member States;
  • Initiator of the African Biofuels and Renewable Energy Fund (ABREF) now ABREC;
  • Partner and Manager of the Cultural Industries Guarantee Fund (CIGF)
  • Founding Shareholder in ASKY Airlines;
  • Founding Shareholder in Ecobank Transnational Inc. (ETI).


Public Sector

  • Interconnection of the Mali-Côte d’Ivoire Electricity Network (Mali);
  • Construction of the Samendeni Dam and Hydroelectric Power Station (Burkina Faso);
  • Rehabilitation of the Akatsi-Aflao Road (Ghana);
  • Rehabilitation and Equipping of Health Facilities (Togo);
  • Enhancement of the Portable Water Supply System in Tafire Town and the Surrounding Communities of Badikaha and N’golodougou (Côte d’Ivoire);
  • Construction of a 120MW Thermal Station at Maria Gleta (Benin);

Private Sector

  • Creation of the Cement Factory in Kagbelen by Diamond Cement Company (Guinea);
  • Installation and Operation of an Intravenous Fluids Factory at Aveta by DO PHARMA (Togo);
  • Construction of a 220MW Thermal Power Plant and Dual Fuel Conversion Component of the Mines Reserve Plan at Kpone and Tema by the Volta River Authority (Ghana);
  • Construction of a Turn-Key 60MW Kounoune 2 Station Diesel Station by SENELEC (Senegal);
  • Procurement and Operation of the 3rd Global Telecommunications License by Alpha Télécommunication SA (ATEL MALI SA) in Mali;
  • Extension and Densification of SONATEL Fixed and Mobile Telecommunication Networks (Senegal);
  • Construction and Operation of the Henry Konan Bédié Toll Bridge by SOCOPRIM S.A. (Côte d’Ivoire);
  • Construction and Operation of a 5 star Hotel Complex in the Radisson Blu Chain (Côte d’Ivoire) ;
  • Construction of Kempinski Hotel (Ghana);
  • Line of Credit to La Banque de l’Habitat in Senegal to Enhance the Refinancing of Housing Loans (Senegal);
  • Line of Credit to la Banque Malienne de Solidarité to Enhance Medium Term Loans (Mali).

EBID has enhanced its internal administrative and financial management especially within the framework of reforms that started in 2007 and have produced encouraging results in terms of cost control, efficient organization of work and the increasing volume of activities.


  • West African Economic and Monetary Union (WAEMU) Market;
  • OPEC Funds for International Development (OFID), Austria;
  • Industrial Development Corporation (IDC), South Africa;
  • Arab Bank for Economic Development in Africa (BADEA), Sudan.
  • Government of India;
  • Islamic Bank of Development (IsDB), Saudi Arabia;

For Further Information please contact:
The President
ECOWAS Bank for Investment and Development (EBID)
128, Boulevard du 13 Janvier
B.P. 2704 Lomé – Togo
Tel: +228 22 21 68 64
Fax: +228 22 21 86 84

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