Energy Capital & Power

ECOWAS Bank to Scale-up Development in Ivory Coast 

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The Economic Communities of West African States (ECOWAS) Bank for Investment and Development (EBID) aims to enhance development and funding across key economic sector in Ivory Coast. Having already invested approximately $397 million in the Ivorian economy, the bank is committed to scaling-up development and further increasing funding.

The announcement was made by Dr George Agyekum Donkor, President and Chairperson of the Board of directors of EBID, during his 4-day visit to the country in February. Meeting with H.E. Patrick Jérôme Achi, Prime Minister of Ivory Coast, and H.E. Madam Niale Kaba, Minister of Planning and Budget, Ivory Coast, Dr Donkor emphasized the role the bank will play in driving impactful projects.

The Ivorian government welcomed Dr Donkor’s visit as an important milestone in funding key projects as outlined in the country’s National Development Plan. Focused on industrial development, digitisation, and human capacity development, the funding is expected to increase, subject to additional projects currently going through the Bank’s approval matrix.

The visit highlighted the role the bank continues to play in driving development across key economic sectors throughout west Africa, while strengthening institutional reform, governance, and project take-off backed by EBID funding in Ivory Coast.

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Keletso Moilwe

Keletso Moilwe

Keletso Moilwe is a Content Intern at Energy Capital & Power. She holds an Honours Degree is Geography and Environmental studies and is currently pursuing her Masters Degree at the University of Cape Town.