{"id":486012,"date":"2025-10-22T13:44:45","date_gmt":"2025-10-22T13:44:45","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/?p=486012"},"modified":"2025-10-22T13:44:45","modified_gmt":"2025-10-22T13:44:45","slug":"ebid-grants-a-eur-50-million-credit-line-to-boost-human-capital-development-in-togo","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/10\/22\/ebid-grants-a-eur-50-million-credit-line-to-boost-human-capital-development-in-togo\/","title":{"rendered":"EBID Grants a EUR 50 Million Credit Line to  Boost Human Capital Development in Togo"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>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\u2019s commitment to investing in human capital to catalyse sustainable growth across the ECOWAS sub-region.<\/p>\n<p>This strategic financing will go towards the design, construction, and outfitting of six vocational and technical training centres in the Tandjouar\u00e9, Danyi Akp\u00e9y\u00e9m\u00e9, Kougnohou, Gu\u00e9rin-Kouka, Ago\u00e9-Nyiv\u00e9 and Ts\u00e9vi\u00e9 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.<\/p>\n<p>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\u2019s long-term prosperity and a priority sector for investment. \u201cThis facility aligns with EBID\u2019s strategic vision to equip Togolese youth with industry-relevant skills in preparation for the future,\u201d he noted, emphasising that the quality of a nation\u2019s education system directly shapes its industrial competitiveness and is key for economic performance.<\/p>\n<p>Mr Deepak Balaji, Managing Director of Planet One, expressed gratitude to EBID and reiterated the company\u2019s dedication to the efficient deployment of funds. \u201cThis 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,\u201d he stated.<\/p>\n<p>This new financing further consolidates EBID\u2019s role as a key partner in Togo\u2019s economic development, bringing the Bank\u2019s total commitments in the country to approximately USD 362 million to date.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>About EBID<\/u><\/strong><\/p>\n<p><strong>ECOWAS Bank for Investment and Development (EBID)<\/strong> is the Development Finance Institution of the Economic Community of West African States (ECOWAS). Based in Lom\u00e9, 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.<\/p>\n<p><a href=\"http:\/\/www.bidc-ebid.org\">www.bidc-ebid.org<\/a><\/p>\n<p><u>\u00a0<\/u><\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>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\u2019s commitment to investing in human capital to catalyse<\/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,"translated_post_url_fr":"","_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":[12065],"tags":[],"class_list":{"0":"post-486012","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-press-releases","8":"post_format-post-format-aside","9":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EBID Grants a EUR 50 Million Credit Line to Boost Human Capital Development in Togo - 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. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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