Development finance institution

ECOWAS Bank for Investment and Development (EBID)

Compiled from public sources

The ECOWAS Bank for Investment and Development is a Lomé-based multilateral development finance institution (DFI) and the principal financial arm of the Economic Community of West African States (ECOWAS), which comprises 15 member countries. Reorganised on 1 January 2004 as a unified banking entity following the structural transformation of the legacy ECOWAS Fund for Cooperation, Compensation and Development, the institution operates under international public law. The bank executes a dual-window investment strategy targeting the public and private sectors to achieve poverty reduction, infrastructure improvement, and wealth creation across West Africa.

Investment focus

Sectors
Energy and powerManufacturing and industrialsAgriculture and foodSMEsInfrastructureHealthcare
Stages and strategies
GrowthFund investmentsProject finance
Instruments
Debt
Regions
Western Africa
African markets named in public materials
Togo

Fund commitments

Selected portfolio and direct investments

  • Azumah Resources Ghana Limited
  • Banque de l’Habitat de Côte d’Ivoire
  • Coris Holding SA
  • G Farms Limited
  • Government of Bauchi State
  • Government of Taraba State
  • Hôpital Général de Ferkessédougou
  • Kano–Maradi Railway Project
  • Maranatha Oil Services Limited
  • Republic of Guinea
  • Siguiri Regional Hospital
  • Stratcon Energy and Trading Limited
  • Teyliom Properties Côte d'Ivoire
  • Tinkisso II Hydropower Project
  • Topaz Multi-Industries SA
  • Trans-Saharan Highway
  • WAICA Reinsurance Corporation Plc

Recent investments and transactions

DateTransactionTypeValueMarket
13 Oct 2026ECOWAS Bank for Investment and Development (EBID) invests USD 25 million in Topaz Multi-Industries SACorporate Transactions$25mGuinea
30 Sep 2026ECOWAS Bank for Investment and Development (EBID) invests USD 50 million in MOSL Limited's operations in GhanaPrivate Credit$50mGhana
30 Sep 2026ECOWAS Bank for Investment and Development (EBID) invests USD 230 million in Azumah Resources Ghana Limited for the Black Volta Gold ProjectNatural Resources, Private Credit$230mGhana
30 Sep 2026ECOWAS Bank for Investment and Development (EBID) invests USD 100 million in the Phase II of the Kano-Maradi Standard Gauge Railway Project in NigeriaInfrastructure & Project Finance, Private Credit$100m
10 Sep 2026ECOWAS Bank for Investment and Development (EBID) invests EUR 65.8 million in the Republic of Guinea for the Siguiri Regional HospitalCorporate Transactions$7,655
7 Aug 2026EBID invests EUR 143.06 million for the construction and paving of the 84km Cissela–Banko–N’Dèma and Banko–Saraya roads in GuineaPrivate Credit$164.9mGuinea
7 Aug 2026EBID invests EUR 65.87 million in a 200-bed regional hospital in Siguiri, GuineaPrivate Credit$75.9mGuinea
7 Aug 2026EBID invests EUR 60.62 million in the Tinkisso II Hydropower Project in GuineaPrivate Credit$69.9m
7 Aug 2026EBID invests USD 50 million in WAICA Reinsurance Corporation Plc's operations in Sierra LeonePrivate Credit$50mSierra Leone
31 Jul 2026EBID invests USD 10 million in G-Farms' operations in The GambiaPrivate Credit$10mThe Gambia
31 Jul 2026ECOWAS Bank for Investment and Development (EBID) invests USD 91.6 million in 24 strategic road and bridge projects in Bauchi StateInfrastructure & Project Finance$91.6mNigeria
30 Jul 2026ECOWAS Bank for Investment and Development (EBID) invests EURO 80 million in Coris Holding SAPrivate Credit$91.7mNiger
7 Jul 2026ECOWAS Bank for Investment and Development (EBID) invests XOF 12.82 billion in the Symphonie Building in Côte d'IvoirePrivate Credit$22.2mCôte d'Ivoire
7 Jul 2026ECOWAS Bank for Investment and Development (EBID) invests EUR 80 million in the 150-bed Regional Hospital of Ferkessédougou in Côte d'IvoirePrivate Credit$91.5mCôte d'Ivoire
7 Jul 2026EBID invests CFAF 10 billion in Banque de l’Habitat de Côte d’Ivoire's (BHCI) operations in Côte d'IvoireReal Estate$17.5mCôte d'Ivoire

All transactions

Related analysis

Sources

  1. Partner Researchers, accessed 14 November 2026
  2. Partner Researchers, accessed 14 November 2026