Development finance institution
Banque Ouest Africaine de Développement (BOAD)
The Banque Ouest Africaine de Développement (BOAD) also called West African Development Bank is the joint development finance institution of the West African Economic and Monetary Union (WAEMU), comprising Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Established by an agreement signed on November 14, 1973, and operational since 1976, BOAD's mission is to promote the balanced development and economic integration of its member states. It achieves this by providing long-term and medium-term financing to public institutions and private enterprises engaged in regional development projects. BOAD focuses on financing infrastructure, energy, and climate-resilient projects, with a commitment to sustainable development and regional economic growth.
Investment focus
- Sectors
- Energy and powerAgriculture and foodManufacturing and industrialsHealthcareSMEs
- Stages and strategies
- GrowthFund investmentsPrivate credit
- Regions
- Western Africa
Fund commitments
- Adiwale Fund I, LP
- Phatisa African Agriculture Fund
- Cauris Croissance I
- Africa Renewable Energy Fund I
- I&P Afrique Entrepreneurs 3
- AGIA Project Development Fund (AGIA-PD)
- Fonds Cauris Investissement
- I&P Développement 2 (IPDEV 2)
- Digital Africa Seed Fund (2026)
- Yeelen Financial Fund
- Africa50 Infrastructure Acceleration Fund I (IAF I)
- Fonds Cauris Croissance II
Sources
- Partner Researchers, accessed 14 November 2026
- https://www.ietp.com/en/content/ip-completes-ipae3-first-closing, www.ietp.com. Accessed 14 November 2026.
- https://www.africa50.com/media/news/article/alliance-for-green-infrastructure-in-africas-project-development-fund-agia-pd-achieves-first-close-with-us118-million/, www.africa50.com. Accessed 14 November 2026.
- https://www.africa50.com/media/news/article/an-african-first-africa50-infrastructure-acceleration-fund-achieves-first-close-securing-2225-million-primarily-from-african-institutional-investors/, www.africa50.com. Accessed 14 November 2026.