ECOWAS Bank for Investment & Development (EBID) invests $397 mil in Côte d’Ivoire’s critical economic sectors.

February 26, 2022

The ECOWAS Bank for Investment & Development (EBID) invests $397 million in Côte d’Ivoire’s critical economic sectors. EBID is vital in financing priority projects stated in the National Development Plan of Côte d’Ivoire, which focuses on industrial development, digitization, and human capital development.

EBID is a leading regional investment and development bank owned by the 15 ECOWAS member States. The EBID focuses on industrial development, digitization, and human capital development.

The Bank aims to boost infrastructure, rural development, and social services sectors projects. EBID aids in long, medium, and short-term loans, equity participation, credit lines, refinancing, financial engineering operations, and related services.

The President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, was on a 4-day visit to Côte d’Ivoire to discuss with the Ivorian Government in creating a development roadmap for the sub-region as a key shareholder and discussed avenues for the Bank to scale up developmental efforts in the country.

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