Strategic Investments to Drive Sustainable Growth Across ECOWAS Region

The Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID) has approved a significant investment package totaling $266.7 million and CFA 30 billion across multiple countries. This commitment underscores EBID’s dedication to fostering sustainable, inclusive, and resilient development throughout the region.

The approvals were granted at the bank’s 95th Board of Directors meeting on March 30, 2026, with President Dr. George Agyekum Donkor highlighting their transformative potential in supporting Member States’ alignment with Sustainable Development Goals.

Key Investment Highlights:

Nigeria: Received a substantial $150 million across several projects including:

• $50 million for waste management facilities in Lagos through public-private partnership, expected to create 5,000+ jobs and produce 60,000 tonnes of compost annually.
• $91.63 million for transport infrastructure development in Bauchi State, incorporating climate-resilient construction methods.
• $100 million towards the Lagos-Calabar Coastal Highway project to enhance regional connectivity and stimulate trade.

Senegal: Approved CFA 20 billion credit line to BNDE to strengthen financing for SMEs, industrial ventures, agricultural value chains, housing access, and employment opportunities.

Ghana: Will receive $15 million investment in a tissue paper manufacturing plant with a capacity of 65 tonnes daily, reducing import reliance.

The Gambia: Allocated $10.04 million to expand G Farms Ltd’s poultry and dairy production, enhancing food security.

Côte d’Ivoire: A CFA 10 billion credit line through Afriland First Bank will support micro, small, and medium-sized enterprises, promoting job creation and inclusive growth.

The breadth of these investments demonstrates EBID’s capacity to catalyze high-impact initiatives across diverse sectors—infrastructure, agro-industry, environmental management, and industrial transformation—strengthening the foundations for resilient economic pathways in West Africa.