The Board of Directors of the ECOWAS Bank for Investment and Development (EBID), under the chairmanship of its President, Dr George Agyekum Donkor, held its 99th Ordinary Session on July 6, 2026, and approved financing for five public and private sector projects to strengthen infrastructure, healthcare, housing, mining, financial resilience and regional connectivity across West Africa.
The approved operations reaffirm EBID’s commitment to financing high-impact investments that stimulate economic growth, create employment and improve the quality of life across West Africa.
“The projects approved during this 99th Board Session demonstrate EBID’s unwavering commitment to financing development solutions that directly improve the lives of West African citizens. From clean energy and transport infrastructure to healthcare, housing and financial sector resilience, these investments will strengthen regional competitiveness and support sustainable and inclusive growth across our community,” said Dr Donkor. Approved Projects
• USD 260 million for a 123-kilometre section of the Trans-Saharan Highway in Nigeria to improve connectivity, facilitate trade, reduce logistics costs and support economic integration.
• XOF 10 billion in a line of credit to Banque de l’Habitat de Côte d’Ivoire (BHCI) to expand housing finance and support SMEs operating across the housing and construction value chain, contributing to job creation and addressing the country’s housing deficit.
• EUR 80 million for the design, construction, equipment and maintenance of the 150bed Regional Hospital of Ferkessédougou in Côte d’Ivoire under a public-private partnership, improving access to modern healthcare and specialised medical services.
• XOF 12.82 billion for the renovation, operation and maintenance of the Symphonie Building in Abidjan under a public-private partnership, modernising a strategic public asset that will house the Ministry of Justice.
• USD 47.4 million for Azumah Resources Ghana Limited to finance the procurement of long-lead process plant equipment and critical early-stage development activities for the Black Volta Gold Project, supporting the timely development of one of Ghana’s emerging gold mining operations.
These approvals advance EBID’s Growth, Resilience and Optimisation (GRO) Strategy, which prioritises transformative infrastructure, human capital development, private sector growth and regional integration. Through these investments, the Bank continues to promote sustainable development and shared prosperity across West Africa.
About EBID
ECOWAS Bank for Investment and Development (EBID) is the Development Finance Institution of the fifteen West African States. Based in Lomé, Togolese Republic, the Bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows. EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations, and related services.
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