{"id":486668,"date":"2025-11-18T18:39:00","date_gmt":"2025-11-18T18:39:00","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2025\/11\/18\/bidc-grants-a-50-million-euro-credit-line-to-afg-holding-to-boost-the-private-sector-in-the-ecowas-region\/"},"modified":"2025-11-18T18:50:07","modified_gmt":"2025-11-18T18:50:07","slug":"bidc-grants-a-50-million-euro-credit-line-to-afg-holding-to-boost-the-private-sector-in-the-ecowas-region","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/11\/18\/bidc-grants-a-50-million-euro-credit-line-to-afg-holding-to-boost-the-private-sector-in-the-ecowas-region\/","title":{"rendered":"BIDC grants a 50 million euro credit line to AFG Holding to boost the private sector in the ECOWAS region"},"content":{"rendered":"
<\/div>

The ECOWAS Bank for Investment and Development (EBID) and AFG Holding SA have formalised a strategic partnership aimed at significantly accelerating private sector growth across the ECOWAS region. The agreement, signed on Tuesday, November 18, 2025, in Abidjan, C\u00f4te d\u2019Ivoire, establishes a dedicated facility in the amount of EUR 50 million to support private enterprises through AFG Holding SA\u2019s subsidiaries operating in the ECOWAS zone, namely AFG Bank CI SA and AFG Bank Guinea. During the signing ceremony, Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, reaffirmed the Bank\u2019s commitment to inclusive and sustainable development as a catalyst for wealth creation, job promotion and poverty reduction in the ECOWAS region. \u201cEmpowering the private sector is a crucial pillar in our efforts to address the persistent challenge of youth unemployment and foster economic resilience in our sub-region,\u201d Dr Donkor stated. \u201cThis partnership with AFG Holding SA will expand access to vital financing for businesses that are the engines of our economies and contribute significantly to the regional value chain.\u201d The partnership places particular emphasis on strengthening small and medium-sized enterprises (SMEs), which form the backbone of West Africa\u2019s economy.<\/p>\n

By expanding access to long-term, affordable capital, the facility is expected to help SMEs scale up operations, adopt new technologies, and integrate more deeply into the regional and global value chains, thereby boosting productivity and employment. AFG Holding SA welcomed the partnership as a catalyst for institutional growth and deeper engagement with the real economy. Speaking on behalf of the company, Mr Kouakou Anzoua Abissa, Administrator of AFG Holding SA, expressed profound gratitude to EBID for its trust and support, reiterating AFG\u2019s dedication to deploying the funds efficiently and transparently to deliver tangible and measurable outcomes in terms of private-sector expansion and economic diversification. With this new financing agreement, EBID further consolidates its role as a trusted development partner to West Africa\u2019s financial sector. By broadening access to finance for SMEs, which are key drivers of innovation and industrialisation, the Bank is helping lay the foundation for lasting prosperity and a more self-reliant economic future for the sub-region.<\/p>\n

About EBID<\/strong><\/p>\n

ECOWAS Bank for Investment and Development (EBID) 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

About AFG Holding<\/strong><\/p>\n

AFG Holding is the financial arm of Atlantic Group, a major player in Africa for over 45 years in the banking and insurance sectors. Through this financing granted by the BIDC, AFG Holding, via its subsidiaries AFG Bank CI and AFG Bank Guinea, intends to strengthen the capacities of private companies, particularly small and medium-sized enterprises (SMEs), in a sustainable manner. This commitment is in line with initiatives already underway, notably through the SME Hub program, deployed by AFG Bank CI since 2024 and aimed at supporting SMEs.<\/p>\n

 <\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The ECOWAS Bank for Investment and Development (EBID) and AFG Holding SA have formalised a strategic partnership aimed at significantly accelerating private sector growth across the ECOWAS region. The agreement, signed on Tuesday, November 18, 2025, in Abidjan, C\u00f4te d\u2019Ivoire, establishes a dedicated facility in the amount of EUR 50 million to support private enterprises<\/p>\n","protected":false},"author":537202,"featured_media":486669,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","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":"https:\/\/www.financialafrik.com\/2025\/11\/18\/la-bidc-accorde-une-ligne-de-credit-de-50-millions-deuros-a-afg-holding-pour-dynamiser-le-secteur-prive-dans-lespace-cedeao\/","_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":[12591,12040],"tags":[],"class_list":["post-486668","post","type-post","status-publish","format-standard","has-post-thumbnail","category-feature","category-international-institutions","pmpro-has-access"],"yoast_head":"\nBIDC grants a 50 million euro credit line to AFG Holding to boost the private sector in the ECOWAS region - 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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