The ECOWAS Bank for Investment and Development (EBID) has extended a EUR 50 million line of credit to Planet One Education Togo to support technical and vocational education in the Togolese Republic. The facility, formalised at a signing ceremony held on Wednesday, 22 October 2025, underscores EBID\u2019s commitment to investing in human capital to catalyse sustainable growth across the ECOWAS sub-region.<\/p>\n
This strategic financing will go towards the design, construction, and outfitting of six vocational and technical training centres in the Tandjouar\u00e9, Danyi Akp\u00e9y\u00e9m\u00e9, Kougnohou, Gu\u00e9rin-Kouka, Ago\u00e9-Nyiv\u00e9 and Ts\u00e9vi\u00e9 municipalities. The centres will feature classrooms, laboratories and workshops offering a total capacity of 3,481 seats per year, as well as dedicated student residences, all aimed at providing a well-rounded educational experience.<\/p>\n
Speaking at the ceremony, Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, reaffirmed the importance of education as a vital pillar for the region\u2019s long-term prosperity and a priority sector for investment. \u201cThis facility aligns with EBID\u2019s strategic vision to equip Togolese youth with industry-relevant skills in preparation for the future,\u201d he noted, emphasising that the quality of a nation\u2019s education system directly shapes its industrial competitiveness and is key for economic performance.<\/p>\n
Mr Deepak Balaji, Managing Director of Planet One, expressed gratitude to EBID and reiterated the company\u2019s dedication to the efficient deployment of funds. \u201cThis partnership with EBID marks a significant milestone in our mission to advance vocational training in Togo. We are committed to using these resources effectively so that Togolese enterprises benefit from a more skilled workforce, driving productivity and competitiveness,\u201d he stated.<\/p>\n
This new financing further consolidates EBID\u2019s role as a key partner in Togo\u2019s economic development, bringing the Bank\u2019s total commitments in the country to approximately USD 362 million to date.<\/p>\n","protected":false},"excerpt":{"rendered":"
The ECOWAS Bank for Investment and Development (EBID) has extended a EUR 50 million line of credit to Planet One Education Togo to support technical and vocational education in the Togolese Republic. The facility, formalised at a signing ceremony held on Wednesday, 22 October 2025, underscores EBID\u2019s commitment to investing in human capital to catalyse […]<\/p>\n","protected":false},"author":5,"featured_media":277388,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-278309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/www.bidc-ebid.org\/en\/wp-content\/uploads\/board_88.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/posts\/278309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/comments?post=278309"}],"version-history":[{"count":2,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/posts\/278309\/revisions"}],"predecessor-version":[{"id":278311,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/posts\/278309\/revisions\/278311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/media\/277388"}],"wp:attachment":[{"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/media?parent=278309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/categories?post=278309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/tags?post=278309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}