{"id":480707,"date":"2024-12-20T17:44:52","date_gmt":"2024-12-20T17:44:52","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=480707"},"modified":"2024-12-20T17:44:55","modified_gmt":"2024-12-20T17:44:55","slug":"ebid-board-of-directors-approves-investments-of-fcfa-10-billion-and-e40-million-to-promote-the-private-sector-and-develop-infrastructure","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2024\/12\/20\/ebid-board-of-directors-approves-investments-of-fcfa-10-billion-and-e40-million-to-promote-the-private-sector-and-develop-infrastructure\/","title":{"rendered":"EBID board of directors approves investments of FCFA 10 billion and \u20ac40 million to promote the private sector and develop infrastructure"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>\n<p class=\"wp-block-paragraph\">December 19, 2024<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ECOWAS Bank for Investment and Development (EBID) has approved a total funding package of FCFA10 billion and \u20ac40 million to support the development of SMEs and SMIs in C\u00f4te d&#8217;Ivoire.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This commitment was made during the 90th ordinary meeting of its Board of Directors, held on Thursday, December 19, 2024, via videoconference. The meeting was chaired by Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The funding package is in respect of two projects:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A FCFA 10 billion line of credit to Banque Sah\u00e9lo-Saharienne pour l&#8217;Investissement et le Commerce C\u00f4te d&#8217;Ivoire (BSIC-CI SA) to support SMEs and SMIs operating in various sectors, including health, education, agro-industry, trade, construction, and public works.<\/li>\n\n\n\n<li>A \u20ac40 million line of credit to Soci\u00e9t\u00e9 Multinationale de Bitume (SMB) in C\u00f4te d&#8217;Ivoire to support oil and base imports, facilitating major infrastructure projects in the country and the sub-region.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These approvals align with EBID&#8217;s financial sector development strategy, which aims to improve access to financing for SMEs and SMIs, who play a vital role in the economic growth and development of the ECOWAS region, thereby contributing to job creation and social integration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With these new commitments, EBID&#8217;s total investments in the sub-region stand at USD4.4 billion, with a significant portion dedicated to C\u00f4te d&#8217;Ivoire.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>December 19, 2024 The ECOWAS Bank for Investment and Development (EBID) has approved a total funding package of FCFA10 billion and \u20ac40 million to support the development of SMEs and SMIs in C\u00f4te d&#8217;Ivoire. This commitment was made during the 90th ordinary meeting of its Board of Directors, held on Thursday, December 19, 2024, via<\/p>\n","protected":false},"author":527180,"featured_media":480677,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158,12065],"tags":[15244],"class_list":["post-480707","post","type-post","status-publish","format-aside","has-post-thumbnail","category-bank","category-press-releases","tag-ebid","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EBID board of directors approves investments of FCFA 10 billion and \u20ac40 million to promote the private sector and develop infrastructure - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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