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EBID approves US$390m for projects in Ghana, Nigeria, Senegal and Togo

The largest ticket is US$230m for the Black Volta Gold Project. US$100m goes to rolling stock for Phase II of the Kano–Maradi railway.

The ECOWAS Bank for Investment and Development (EBID) has approved US$390m for four projects at its 101st Ordinary Meeting in Lomé, Togo:

  • US$230m to Azumah Resources Ghana Limited for the Black Volta Gold Project (mining, Ghana).
  • US$100m for rolling stock and operational equipment for Phase II of the Kano–Maradi Standard Gauge Railway (transport, Nigeria).
  • US$50m to MOSL Limited for petroleum product supply (energy, Ghana).
  • US$10m for the pilot phase of the West Africa Initiative for Climate-Smart Agriculture, covering Ghana, Senegal and Togo.

The approvals fall under EBID’s Growth, Resilience and Optimisation Strategy for 2026–2030. Facility documentation and advisers have not been announced.

Source: African Business (2 October 2026).

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.

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