The ECOWAS Bank for Investment and Development EBID has strengthened its commitment to fostering inclusive and sustainable economic transformation in West Africa through a new 50 million line of credit to AFG Holding SA. The facility, formalised on Tuesday, 18 November 2025, in Abidjan, Cte d'Ivoire, is designed to unlock fresh capital for businesses across the sub-region and deepen support for private-sector development-particularly for small and medium-sized enterprises SMEs.
Under the agreement, the funds will be channelled through AFG Holding SA's subsidiaries operating within ECOWAS, namely AFG Bank CI SA and AFG Bank Guinea. Both institutions will deploy the resources to bolster enterprise growth, expand productive capacity and stimulate job creation in key sectors of the regional economy.
Speaking at the signing ceremony, Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, underscored the Bank's dedication to driving broad-based development and economic resilience. "Empowering 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," he said. "This 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."