The ECOWAS Bank for Investment and Development EBID has announced the approval of more than USD 308 million in new financing to accelerate clean energy, industrial development and sustainable growth across West Africa. The decision was taken at the Bank's 93rd Ordinary Session, held at its headquarters in Lom, Togo, on 29 September 2025. The meeting was presided over by Dr George Agyekum Donkor, President and Chairman of the Board of Directors, who emphasised the Bank's pivotal role in advancing inclusive growth and deepening regional integration.
Dr Donkor underlined that the newly sanctioned projects reflect EBID's long-term mandate to strengthen economic diversification and stimulate sustainable development in the ECOWAS region. "Our focus is to provide catalytic financing that enables both public and private sector players to deliver transformative initiatives, building resilience and opportunity across the sub-region," he said.
The funding package covers four strategic initiatives, spanning renewable energy, agribusiness, industrialisation and trade finance. Each project is designed to unlock new opportunities for economic activity while creating thousands of jobs, improving energy access, enhancing food security and supporting the region's transition to more sustainable growth models.