Author: Editor

Lomé, Togo – 17 August 2026 – The ECOWAS Bank for Investment and Development (EBID) today announced that Moody’s Ratings has upgraded its long-term issuer rating to B1 from B2, with a stable outlook, a powerful endorsement of the Bank’s strengthening financial position, resilience, and rising stature as a pivotal development finance institution in West Africa. This upgrade, published by Moodys on August 14, 2026, marks a decisive step in EBID’s steady climb toward investment grade, signaling to global investors and development partners that the Bank is on a credible trajectory to access international capital markets on increasingly competitive terms.…

The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, in his capacity as Chancellor of NiBS University, Ghana, has urged graduates to embrace lifelong learning, lead with resilience and a commitment to service. He made the call at the Second Congregation Ceremony of NiBS University, held on 1st August 2026 under the theme “Excellence Beyond Borders: Preparing Leaders for a Changing World.” Addressing the 2026 congregation, Dr. Donkor described graduation as not only an academic achievement but also the beginning of an enduring responsibility to make a…

The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved five strategic operations valued at more than EUR 269.55 million and USD 200 million, representing over USD 510 million in total commitments. The financing will support investments in transport infrastructure, healthcare, renewable energy, and private-sector development across West Africa. The decisions were taken at the Bank’s 100th Board Meeting, chaired by Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, underscoring the Bank’s commitment to financing high-impact investments that foster economic growth and create lasting development outcomes across the…

On August 4, 2026, the President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, delivered a keynote address as the Special Guest Speaker for the 1st International Conference on Artificial Intelligence in Healthcare and Pharma in Ghana. The program, hosted by the University of Health and Allied Sciences (UHAS) in Ho, Ghana, was held under the theme: “Accelerating Adoption of Healthcare AI in Ghana: From Vision and Policy to Practice and Impact.”   The event, which was convened in partnership with the Ministry of Health was attended by…

The ECOWAS Bank for Investment and Development (EBID) and the Government of Bauchi State, Federal Republic of Nigeria, have signed a financing agreement to support the implementation of the Bauchi State Transport Infrastructure Financing Programme. The agreement was signed at EBID Headquarters in Lomé, Republic of Togo, by Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, and His Excellency Senator Bala Abdulkadir Mohammed, CON, Executive Governor of Bauchi State. Under the agreement, EBID will provide financing of US$91.63 million for the construction and completion of 24 strategic road and bridge projects across Bauchi State.…

The ECOWAS Bank for Investment and Development (EBID) and G Farms Limited have signed a facility agreement on 28 July 2026 for USD 10.04 million to support the acquisition of equipment and the expansion of the company’s operations in The Gambia. The project will strengthen G Farms Ltd’s poultry and dairy value chains by increasing the number of laying hens from 120,000 to 500,000, scaling broiler production from 651,146 to more than 3.2 million birds and raising day-old chick production from 3.3 million to 5.5 million units by 2035. It will also expand dairy operations by increasing the herd size…

Congo Terminal, a subsidiary of AGL, is continuing construction work on a new port facility at Môle Est. This project aims to support the growth in cargo volumes handled at the port of Pointe-Noire. Once operational, the terminal will become the Republic of Congo’s first port facility to be operated exclusively using electric handling equipment. It forms part of AGL’s overall investment plan totalling one billion euros for the period 2009–2027. Môle Est will house the majority of the project’s new-generation electric equipment. The aim is to phase out the use of handling equipment powered by internal combustion engines and…

Paris, July 9, 2026 – Over two days, the plenary hall of the Paris Marriott Rive Gauche Hotel hosted a major event for the continent’s future: the 9th edition of Mining On Top Africa (MOTA 2026). Organized by AME Trade, the event brought together African ministerial delegations, financial institutions, and leading international mining companies (Montage Gold, First Quantum Minerals, Nimba Mining Company, Rio Tinto, Fortuna Mining, Aura Energy, Kamoa Copper, and Emiral Mining). At the heart of this edition, under the theme “Securing Africa’s Mining Future: Sovereignty, Sustainability, and Global Partnerships”, the discussions established a fundamental paradigm shift, marking the…

The Board of Directors of the ECOWAS Bank for Investment and Development (EBID), under the chairmanship of its President, Dr George Agyekum Donkor, held its 99th Ordinary Session on July 6, 2026, and approved financing for five public and private sector projects to strengthen infrastructure, healthcare, housing, mining, financial resilience and regional connectivity across West Africa. The approved operations reaffirm EBID’s commitment to financing high-impact investments that stimulate economic growth, create employment and improve the quality of life across West Africa. “The projects approved during this 99th Board Session demonstrate EBID’s unwavering commitment to financing development solutions that directly improve…

Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), has been conferred with the Distinguished African Development Finance Leadership Award – Regional Integration & Economic Transformation at the 16th African Business Leadership Awards (ABLA) 2026, held at the House of Lords, United Kingdom. Presented by the African Leadership Organisation (UK) and the Editorial Board of African Leadership Magazine, the award recognises Dr. Donkor’s strategic oversight of EBID’s institutional expansion and its measurable contribution to cross-border economic coordination within West Africa. Addressing the gathering, Dr. Donkor stated that Africa…

July 7, 2026 – Nairobi, Kenya – At the 26th Annual General Meeting of the African Trade & Investment Development Insurance (ATIDI), President William Ruto of Kenya issued a clarion call for Africa to strengthen its financial institutions and fund its development on its own terms. The meetings, which took place in Nairobi from 30 June to 3 July, proceeded under the theme: “Empowering Africa: Risk Managed, Growth Unlocked”. “For years, we have called for a fairer global financial architecture, one that stops mispricing African risk and making our capital needlessly expensive. That call remains right. But Africa cannot wait…

The ECOWAS Bank for Investment and Development (EBID) and the Government of Taraba State (Federal Republic of Nigeria) have signed three landmark loan agreements totalling USD 268 million on June 26,2026. The agreements were executed at EBID Headquarters by Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, and His Excellency Dr. Agbu Kefas, Executive Governor of Taraba State, who led a high-level delegation of government officials, technical advisers, and development partners. The financing package comprises three strategic interventions: USD 91.23 million for Phase I of an integrated industrial park, a multi-cluster logistics and manufacturing…

Lomé, 19 June 2026 – The ECOWAS Bank for Investment and Development (EBID) is pleased to announce the entry of the African Development Bank Group (AfDB) into its shareholding, marking a major milestone in the Bank’s history and a significant step in the implementation of its transformation agenda. Following approval by its Board of Directors on 17 June 2026 in Abidjan, the AfDB has committed a USD 30 million equity investment in EBID, becoming the first international development finance institution to join the Bank’s shareholder base. The investment is complemented by a USD 70 million long-term line of credit to…

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…

The ECOWAS Bank for Investment and Development (EBID) has announced that its President and Chairman of the Board of Directors, Dr George Agyekum Donkor, has been named as the recipient of the Distinguished African Development Finance Leadership Award – Regional Integration & Economic Transformation at the 16th African Business Leadership Awards (ABLA) 2026. The award, to be conferred by the African Leadership Organisation (UK) Limited and the Editorial Board of African Leadership Magazine, follows a rigorous merit-based evaluation and recognises Dr Donkor’s exceptional stewardship and transformative impact on West Africa’s development finance architecture. In addition to the individual honour, EBID has been formally…

As global competition intensifies around critical minerals, industrial supply chains, and energy security, Africa is rapidly emerging as one of the world’s most strategically important mining regions — and Mining On Top Africa (MOTA) 2026 is set to place these conversations firmly at the centre of the international agenda. Taking place on 7–8 July 2026 at the Paris Marriott Rive Gauche Hotel, Paris, France, MOTA 2026 arrives at a pivotal moment for the mining industry. Copper prices remain supported by long-term electrification demand, uranium markets continue to strengthen amid renewed investment in nuclear energy, and governments around the world are…

The ECOWAS Bank for Investment and Development (EBID) and the Banque Nationale pour le Développement Economique (BNDE) held a signing ceremony on April 30, 2026, to formalise a loan agreement establishing a new credit line of twenty (20) billion CFA francs dedicated to the financing of Small and Medium Enterprises (SMEs) in the Republic of Senegal. The ceremony marks a significant milestone in the longstanding partnership between the two institutions and follows a successful first operation undertaken in 2021, under which BNDE benefited from a ten (10) billion CFA francs credit line that enabled the financing of fifteen (15) SME…

Nairobi, Kenya, 28 April 2026 – The German development bank KfW acting on behalf of and for the account of the Federal Republic of Germany has become the latest shareholder in the African Trade & Investment Development Insurance (ATIDI). KfW becomes the 13th Institutional shareholder in Africa’s premier development insurer, further strengthening the organization’s capital base and its capacity to support trade and investment across the continent. The official signing of the subscription agreement between the two organizations is being marked on the occasion of a meeting held today in Nairobi between ATIDI’s CEO and the German Federal Minister for…

The ECOWAS Bank for Investment and Development (EBID) has convened a capacity‑building workshop from 31 March to 2 April 2026 in Lomé for members of its Gender Equality Committee. The session was conducted as part of the rollout of the Gender Equality Seal for Public Institutions (GES-PI), in partnership with the UNDP Regional Service Centre for Africa. The GES-PI is an internationally recognised framework that supports public institutions in systematically integrating gender equality into their policies, governance structures, and operational practices. Through this programme, EBID reaffirms its commitment to positioning gender inclusion as a strategic driver of institutional transformation and its…

The ECOWAS Bank for Investment and Development (EBID) and the Republic of Guinea have formalized a Memorandum of Understanding (MoU) to strengthen cooperation in financing priority development projects in Guinea. The agreement was signed on 8 April 2026 in Accra, on the sidelines of the 24th Annual General Meeting of the Board of Governors of EBID. The MoU was signed by Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, and Honourable Ismael Nabé, Minister of Planning, Development and International Cooperation of the Republic of Guinea. Under the agreement, EBID will support the financing of…

The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously appointed the Honourable Ismaël Nabé, Minister of Planning, Development, and International Cooperation of the Republic of Guinea, as its new Chairman. The appointment took place on April 8, 2026, during the Bank’s 24th Annual General Meeting held in Accra, Ghana. He succeeds the Honourable Dr. Cassiel Ato Baah Forson, Minister of Finance of the Republic of Ghana. A telecommunication engineer and expert in governance and public-private partnerships, Minister Nabé has been a principal architect of Guinea’s economic resurgence since his appointment in March 2024. He…

The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) concluded its 24th Annual General Meeting (AGM) in Accra, Ghana, on April 8, 2026, with a strong determination and commitment to deploy incremental investments across the West African region in the next five years. The commitment underscores EBID’s accelerated drive to finance transformative projects and deepen regional economic integration. The Board of Governors comprises the Ministers of Finance and, in some cases, Ministers of Planning and Development of the fifteen West African countries. Also attending the meeting where two portfolio Ministers from the Alliance of Sahel States (AES), namely…

Energy infrastructure, agricultural transformation, SME financing, international partnerships… The ECOWAS Bank for Investment and Development (EBID) is deploying a series of structuring initiatives across several areas in its March 2026 newsletter. Read the bulletin

Lomé, Togo – 7 March 2025 The ECOWAS Bank for Investment and Development (EBID), in partnership with ASKY Airlines and Plan International Togo, successfully hosted the “Girls in Aviation Day” initiative on 7 March 2026 at the Gnassingbé Eyadéma International Airport in Lomé, in commemoration of International Women’s Day (IWD) 2026. This landmark event offered twenty (20) girls, a meaningful and immersive learning experience aimed at increasing their exposure to professional opportunities in aviation, aerospace, and other science and technology fields. This joint initiative reaffirmed the partners’ commitment to gender inclusion, youth empowerment, and expanding girls’ access to emerging career…

From 16 February to 21 March 2026, Africa Global Logistics (AGL) Congo is launching a major training program aimed at strengthening the technical skills of its operational teams. The company has called on heavy lifting and handling experts from elsewhere to provide refresher training and CACES® R483 certification – Mobile Cranes category – for 21 crane operators and 2 lifting supervisors.   For five weeks, highly qualified instructors equipped with the most advanced teaching methodologies will deliver an intensive program combining in-depth theoretical courses (regulations, safety, risk analysis, lifting technologies) and practical workshops on mobile cranes. These workshops include complex manoeuvres, load lifting, stabilisation, critical situation prevention and first-level maintenance. The training will be validated by official CACES® assessments leading to the award of R483 certification.   ‘Bringing certified trainers to Congo is a strategic choice that allows us to offer our employees the highest international training standards. It also demonstrates our deep commitment to supporting our employees’ skills development. Certifications enhance the quality of service we deliver to our customers by meeting the most demanding standards in the industry,’ says Mazen HABIB, Director of Operations at Africa Global Logistics Congo.   Africa Global Logistics Congo considers training to be a key pillar in supporting our employees, the quality of service we provide to our customers and the maintenance of our investments. It focuses primarily on the use of state-of-the-art equipment and the continuous improvement of operational standards. The company invests sustainably in the development of its employees’ talents to optimise operational safety and support the country’s economic growt. 

Ecobank and Hub2 Expand Digital Payments Access to 200 Million Mobile Wallet Users in Francophone Africa LOMÉ, Togo — February 25th, 2026 — Ecobank Transnational Incorporated, the leading pan-African banking group, and Hub2, a fast-growing regional fintech infrastructure provider, have signed a Memorandum of Understanding (MoU) to connect Hub2’s network of more than 200 million mobile wallets to Ecobank’s pan-African digital banking platform. The partnership strengthens payment interoperability across Francophone Africa and expands access to secure, low-cost digital transactions for businesses and consumers. The agreement comes as Africa continues to lead the global mobile money market. The continent now accounts…

By Dr. Mohamed H’Midouche – International Consultant, former senior executive of the African Development Bank Long confined to a regional niche, sukuk has become a major instrument for infrastructure financing in Asia and the Gulf. In Africa, despite colossal needs, its use remains marginal. Not because of a lack of projects, but because of insufficient legal structuring. At a time when PPPs are seeking a second wind, sukuk could well become the catalyst for a new discipline in public financing. For two decades, Africa has financed its infrastructure mainly through sovereign debt, concessional loans, guaranteed bilateral financing, and PPPs backed…

The ECOWAS Bank for Investment and Development (EBID) has appointed Mr. Baba Malick Ba as Regional Director overseeing Côte d’Ivoire, Senegal, The Gambia, Burkina Faso, Cape Verde and Guinea, effective February 1, 2026. Mr. Baba Malick Ba is a senior finance professional with extensive experience in both the public and private sectors, spanning various fields: risk management, project financing, banking, capital markets, export financing, credit analysis, portfolio management, financial markets, and public-private partnerships. Prior to joining the Bank, Mr. Ba worked for the government of Senegal at the Ministry of Economy, Planning and Cooperation as the Director of Financing and…

Harvest Asset Management announces the successful maintenance of its ISO 9001:2015 certification, following the completion of its annual surveillance audit, conducted by Bureau Veritas, a globally recognized certification body. Initially obtained in 2024, this certification attests to the robustness, consistency and effectiveness of the Quality Management System (QMS) implemented by Harvest Asset Management. The successful outcome of this surveillance audit confirms the Company’s ability to sustain a structured and disciplined approach to quality, performance and client satisfaction across all its operations. In particular, the audit assessed and validated: the compliance of internal processes with the requirements of the ISO 9001:2015…

In the vast, arid expanse of Mauritania, where water is scarce and ecosystems are fragile, Kinross’ Tasiast mine has sought to embed environmental responsibility into every aspect of its operations. The mine has gone beyond merely complying with environmental regulations and has instead integrated sustainability into its culture from water management and energy sourcing to waste handling and land restoration. This approach reflects a broader transformation in Africa’s mining sector, where environmental, social, and governance (ESG) standards are no longer optional. Governments are tightening compliance frameworks, investors are demanding credible disclosure, and communities are increasingly vocal about environmental impacts. Against…