The ECOWAS Bank for Investment and Development EBID has taken a significant step in deepening its regional presence and strengthening its impact across West Africa. The institution recently signed an agreement with the Government of Cte d'Ivoire to open its first country office, marking a strategic milestone in its expansion agenda.
The landmark agreement was sealed in Abidjan at a high-level ceremony attended by senior officials from both parties. Representing the Government of Cte d'Ivoire was Honourable Leon Kacou Adom, Minister for Foreign Affairs, African Integration and Ivorians Living Abroad, while EBID was represented by its President and Chairman of the Board of Directors, Dr George Agyekum Donkor. Honourable Nial Kaba, Minister for Economy, Planning and Development and Governor of EBID for Cte d'Ivoire, also graced the event, underlining the national significance of the partnership.
A strategic step towards regional integrationThe opening of the Abidjan office signals EBID's commitment to growing its operational presence within the ECOWAS sub-region. It is also aligned with the Bank's broader strategic plan aimed at boosting socio-economic development through infrastructure and private sector investment. According to Dr Donkor, the new office will bring the Bank closer to both its existing and prospective clients, improving access to its services and enabling it to respond more efficiently to local and regional needs.
"This country office will play a crucial role in the implementation of our strategic plan," said Dr Donkor. "It will make EBID more accessible to existing clients and potential partners in Cte d'Ivoire and the surrounding Member States, while facilitating impactful interventions." He stressed that physical proximity is crucial to identifying opportunities and challenges on the ground and responding with greater agility.
Dr Donkor also used the opportunity to express his gratitude to the Ivorian Government, describing the country as a "key partner" of the Bank. He paid special tribute to Minister Nial Kaba for her consistent support in realising this initiative and helping advance the Bank's strategic goals.