The ECOWAS Bank for Investment and Development (EBID) has approved a series of strategic financing operations to support private sector development and energy security across West Africa, at the close of the 98th Ordinary Session of its Board of Directors held on 16 June 2026.
These approvals, amounting to USD 75 million and EUR 105 million, underscore the Bank’s ongoing commitment to fostering inclusive, resilient, and investment-driven growth in West Africa. Opening the session, the President and Chairman of the Board of Directors of the Bank, Dr George Agyekum Donkor, highlighted the strategic importance of the new commitments:
“These interventions demonstrate our resolve to support transformative initiatives that strengthen productive capacities, secure energy supply, and expand access to finance for businesses, particularly SMEs, which are the true engines of our region’s economic transformation.” The approved operations showcase EBID’s capacity to deliver high-impact initiatives across key sectors.
• EUR 80 million credit line to Coris Holding SA (West Africa): The facility will strengthen the Group’s financing capacity, particularly for SMEs, which represent over 70% of its loan portfolio. It is expected to stimulate productive sectors, promote financial inclusion, and support the creation and consolidation of thousands of jobs, while reinforcing EBID’s partnership with a leading WAEMU banking group.
• EUR 25 million participation in a syndicated Murabaha facility for SENELEC (Senegal): Arranged with the International Islamic Trade Finance Corporation (ITFC), these funds will support the supply of refined petroleum products for electricity generation, helping to ensure reliable energy supply and supporting economic and industrial activity.
• USD 50 million facility for Stratcon Energy and Trading Limited (Ghana): The credit line will go towards the importation and distribution of refined petroleum products, notably through a partnership with Dangote Refinery. The operation is expected to strengthen regional energy security, improve supply reliability, and enhance economic competitiveness.
• USD 25 million facility for Topaz Multi-Industries SA (Guinea): The financing will support the importation of industrial raw materials, increasing local manufacturing capacity, strengthening Guinea’s industrial base, promoting import substitution, and creating sustainable employment. Beyond their sectoral diversity, these operations reflect EBID’s integrated approach to sustainability and commitment to transform the West African economies.
They are fully aligned with the Bank’s GRO (Growth, Resilience, Optimisation) Strategy for 2026-2030, aimed at accelerating economic growth, strengthening the resilience of regional economies, and expanding sustainable opportunities for their populations.
