The ECOWAS Bank for Investment and Development (EBID) has extended a EUR 50 million line of credit to Planet One Education Togo to support technical and vocational education in the Togolese Republic. The facility, formalised at a signing ceremony held on Wednesday, 22 October 2025, underscores EBID’s commitment to investing in human capital to catalyse sustainable growth across the ECOWAS sub-region.
This strategic financing will go towards the design, construction, and outfitting of six vocational and technical training centres in the Tandjouaré, Danyi Akpéyémé, Kougnohou, Guérin-Kouka, Agoé-Nyivé and Tsévié municipalities. The centres will feature classrooms, laboratories and workshops offering a total capacity of 3,481 seats per year, as well as dedicated student residences, all aimed at providing a well-rounded educational experience.
Speaking at the ceremony, Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, reaffirmed the importance of education as a vital pillar for the region’s long-term prosperity and a priority sector for investment. “This facility aligns with EBID’s strategic vision to equip Togolese youth with industry-relevant skills in preparation for the future,” he noted, emphasising that the quality of a nation’s education system directly shapes its industrial competitiveness and is key for economic performance.
Mr Deepak Balaji, Managing Director of Planet One, expressed gratitude to EBID and reiterated the company’s dedication to the efficient deployment of funds. “This partnership with EBID marks a significant milestone in our mission to advance vocational training in Togo. We are committed to using these resources effectively so that Togolese enterprises benefit from a more skilled workforce, driving productivity and competitiveness,” he stated.
This new financing further consolidates EBID’s role as a key partner in Togo’s economic development, bringing the Bank’s total commitments in the country to approximately USD 362 million to date.
About EBID
ECOWAS Bank for Investment and Development (EBID) is the Development Finance Institution of the Economic Community of West African States (ECOWAS). 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.
