Strategic Investments Aim to Strengthen Regional Economies

The ECOWAS Bank for Investment and Development (EBID) announced a series of significant financing approvals totaling USD 75 million and EUR 105 million, designed to bolster private sector development and enhance energy security across the region. These commitments followed the bank’s 98th Ordinary Session held on June 16, 2026.

Speaking at the session, EBID President Dr George Agyekum Donkor emphasized the importance of these interventions: “These demonstrate our resolve to support transformative initiatives that strengthen productive capacities and expand access to finance for businesses—particularly SMEs, which are true engines of our region’s economic transformation.”

The approved projects span banking, energy, and industrial sectors, reflecting EBID’s focus on investments with broad economic impact. Key highlights include:

• Coris Holding SA (WAEMU): A EUR 80 million credit line to strengthen lending capacity for SMEs, which comprise over 70% of the group’s loan portfolio.
• SENELEC (Senegal): An EUR 25 million participation in a syndicated facility to procure refined petroleum products used in electricity generation—ensuring reliable power supply.
• Stratcon Energy and Trading Limited (Ghana): A USD 50 million facility supporting fuel importation, including through partnership with the Dangote Refinery—enhancing energy security.
• Topaz Multi-Industries SA (Guinea): A USD 25 million facility financing industrial raw material imports to increase local manufacturing capacity and create jobs.

These operations align closely with EBID’s GRO Strategy 2026-2030, which prioritizes economic growth acceleration, resilience strengthening, and optimized development outcomes across West Africa. As the region pursues industrial expansion and improved energy access, EBID is positioning itself as a key long-term financing partner for sustainable, inclusive economic transformation.