During its 92nd Ordinary Session held on 30 June 2025, the Board of Directors gave the green light to fund initiatives valued at 174 million and 125 million, reinforcing the institution's critical role in transforming the region's development landscape.
These newly sanctioned projects span education, renewable energy, agriculture, manufacturing and transport infrastructure. Together, they reflect EBID's ongoing commitment to fostering industrialisation, enhancing livelihoods, and promoting sustainable development across its member states. The move also reaffirms the Bank's alignment with key global priorities, particularly the United Nations Sustainable Development Goals SDGs, notably SDG 4 on Quality Education, SDG 7 on Affordable and Clean Energy, and SDG 9 on Industry, Innovation and Infrastructure.
At the heart of this new investment wave is a firm belief that economic prosperity must be rooted in inclusive development. EBID's funding decisions are not just financial commitments-they are interventions aimed at delivering tangible social impact, creating jobs, and building the foundations for long-term regional resilience.
One of the flagship initiatives approved is a 50 million project in Togo that will see the construction and equipping of six new technical and vocational training centres. Spearheaded by Planet One, this ambitious endeavour aims to prepare the country's youth for careers in high-demand industries. With a projected 3,480 learners passing through the system each year, the project is set to dramatically enhance the skills base of the Togolese workforce. It is expected to boost productivity and competitiveness while addressing youth unemployment, a persistent challenge throughout the region.
Meanwhile in Cte d'Ivoire, a 25 million project has been approved to support the import of 400,000 tonnes of clinker by the Socit de Ciment de Cte d'Ivoire. Cement is a key component in the construction sector, and this project is designed to ease bottlenecks in local supply, lower costs, and support the country's rapid urbanisation and infrastructure build-out. By stabilising inputs in a strategically important industry, EBID's funding is expected to have a multiplier effect across the broader economy.