EBID evaluates several investment projects in Togo, for financing

Economic governance
Tuesday, 03 October 2023 17:33
EBID evaluates several investment projects in Togo, for financing

(Togo First) - The ECOWAS Bank of Investment and Development (EBID) currently evaluated several projects for Togo. The Bank’s president, George Agyekum Donkor, made the statement on October 2, after a board meeting of the EBID.

"Togo will get a fair share of our resources once the projects are ready and have gone through the credit process. We have a list of projects for Togo, and these projects are under review. After approval by the credit committee, these projects will be implemented for Togo," Donkor said.

Right before the announcement, the EBID had approved two financings, totaling CFA65 billion, for Senegal.

In Togo, the Bank spent $138 million on 18 projects in 2022. This, according to its activity report for that year, represented 6.6% of its net combined commitments, both by size and value.

Some of these projects include one to reconfigure and pave the 60km Katchamba-Sadori section of the N°17 national road, the rehabilitation of the CU9 community road facilitating transport on the Lomé-Ouagadougou, Blitta - Aouda axis, and the establishment of an Intravenous Fluid Plant in Aveta, by DO PHARMA - Togo.  Last year, the EBID had also greenlit the partial financing, to the tune of $8.1 million, of a project to extend the liquefied petroleum gas import terminal of Société Zener, a service station builder and retailer in Togo.

The EBID supports both private and public projects in Togo.

Fiacre E. Kakpo

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