The ECOWAS Bank for Investment and Development is scaling up support for infrastructure, industry and agribusiness across five countries, signalling renewed momentum for regional integration and sustainable growth.
The ECOWAS Bank for Investment and Development has approved a total of $266.7m and CFA30bn to finance a portfolio of strategic projects across Nigeria, The Gambia, Ghana, Senegal and Côte d'Ivoire.
The approvals, granted at the bank's 95th Board of Directors meeting on 30 March 2026, highlight its continued commitment to advancing sustainable, inclusive and resilient development across the region.
Opening the meeting, the bank's president and chairman of the Board of Directors, Dr George Agyekum Donkor, emphasised the transformative potential of the new commitments. He said the investments were designed to support Member States in structuring projects that create value and align with the Sustainable Development Goals. By targeting infrastructure, agro-industry, environmental management and industrial transformation, the bank aims to strengthen the foundations for a more resilient, inclusive and integrated growth path in West Africa.
The breadth of the approved projects reflects the bank's capacity to catalyse high-impact initiatives across multiple sectors.
In Nigeria, $50m has been allocated to the construction of waste management facilities in Lagos under a public-private partnership. The project is expected to expand waste processing capacity, raise recycling rates to 45%, create more than 5,000 jobs and produce 60,000 tonnes of organic compost each year, while also reducing public health risks.
In Senegal, a CFA20bn credit line to BNDE will strengthen financing for small and medium-sized enterprises and industrial ventures. The facility is also expected to support agricultural value chains, improve access to housing and promote employment, particularly for women and young people.
Ghana will benefit from a $15m investment in a tissue paper manufacturing plant with a daily production capacity of 65 tonnes. The project is intended to reduce reliance on imports while supporting local industrialisation.
In The Gambia, $10.04m will fund the expansion of G Farms Ltd, boosting poultry and dairy production. The investment is expected to enhance food security and reduce dependence on imported animal products.
Further support for Nigeria includes $91.63m for transport infrastructure development in Bauchi State. The programme, aligned with the country's National Development Plan, will modernise road networks, reduce logistics costs and improve access to essential services, while incorporating climate-resilient construction methods.
An additional $100m has been committed to the Lagos-Calabar Coastal Highway, a major corridor linking nine coastal states. The project is expected to strengthen national and regional connectivity, ease congestion, improve logistics efficiency and stimulate trade.
In Côte d'Ivoire, a CFA10bn credit line to Afriland First Bank will enhance financing for micro, small and medium-sized enterprises, support the real sector and encourage job creation and inclusive growth.
Taken together, these investments underline the bank's determination to support long-term economic transformation across the ECOWAS region. By strengthening infrastructure, boosting industrial capacity and expanding access to finance, EBID is positioning itself as a key driver of competitiveness, resilience and sustainable growth in West Africa.