Strengthening Private Sector Financing in Côte d’Ivoire

The ECOWAS Bank for Investment and Development (EBID) has partnered with Afriland First Bank Côte d’Ivoire S.A. to provide a XOF 10 billion loan facility aimed at boosting SME growth in the country.

This strategic initiative, formalized on May 20, 2026, will address the growing financing needs of micro, small, and medium-sized enterprises (MSMEs) operating across key sectors including health, education, agro-industry, manufacturing, trade, construction, services, and technology. The partnership seeks to unlock productive capacity, stimulate entrepreneurship, and enhance the competitiveness of local businesses.

Driving Sustainable Growth in West Africa

“This reflects EBID’s commitment to strengthening the private sector as a catalyst for sustainable growth,” said Dr. George Agyekum Donkor, President and Chairman of EBID. “By supporting businesses with access to capital, we’re investing in the long-term resilience and competitiveness of West African economies.”

The credit line will enable Afriland First Bank to offer tailored financing solutions that meet the specific needs of SMEs and mid-sized companies, helping them expand operations, innovate, and create jobs. This aligns with the bank’s ambition to deepen financial inclusion and provide businesses with the resources they need to thrive in a competitive market.

Economic Impact and Regional Integration

Beyond direct financing, the initiative is projected to generate significant economic benefits through expanded business activity, job creation, and strengthened regional value chains. It will also contribute to improving the resilience of local enterprises and supporting inclusive economic growth across Côte d’Ivoire and the broader ECOWAS sub-region.

This partnership represents a key advancement for EBID’s Growth, Resilience, and Optimisation (GRO) Strategy, which focuses on mobilizing resources toward high-impact private sector initiatives that drive industrialization, diversification, regional integration, and sustainable development across West Africa.