$2.69 billion for West Africa’s future, EBID is betting big on private sector growth, climate action, and regional integration. No more small moves.
Dr. George A. N. Donkor, President of the ECOWAS Bank for Investment and Development (EBID), has said that he wants to raise about UA 2 billion (US$2.69 billion) to pay for the Bank’s Growth, Resilience, and Optimization (GRO) Strategy from 2026 to 2030. This strategy aims to change the economy of West Africa. He said at the 24th Ordinary Session of the Board of Governors in Accra on April 8, 2026, that the money will come from capital calls, ESG bonds, and new investors who are not from the region. The plan will focus on growing the private sector. 63% of investments will go to businesses to create jobs and encourage new ideas, while more than 41% will go to projects that help the environment and include everyone. EBID also wants to grow by opening a new regional office in Abuja and teaming up with big organizations like the African Development Bank and BADEA to make itself stronger. Its main goals are to promote inclusive growth, lower poverty, and improve regional integration.
