AfDB Takes First Equity Stake in Lomé-Based EBID Through $30 Million Investment

Economic governance
Wednesday, 24 June 2026 15:51
AfDB Takes First Equity Stake in Lomé-Based EBID Through $30 Million Investment

(Togo First) - The ECOWAS Bank for Investment and Development (EBID), the regional institution headquartered in Lomé, has a new shareholder. The African Development Bank Group (AfDB) has acquired a $30 million equity stake in EBID, becoming the first institutional shareholder of the Lomé-based regional bank.

The transaction, approved by the AfDB's board of directors on June 17, also includes a $70 million line of credit aimed at financing high-impact projects, particularly in renewable energy across West Africa.

Until now, EBID's capital had been held exclusively by member states of the Economic Community of West African States (ECOWAS). The AfDB's entry therefore marks a change in the institution's shareholding structure and is part of the regional bank's GRO 2026-2030 strategy.

The stated objective is to strengthen its ability to mobilize resources, enhance its creditworthiness, and attract additional international financial partners.

According to EBID, the line of credit provided by the AfDB is expected to help mobilize up to $230 million in additional financing for energy projects across the region. The financing could help expand electricity access for more than 250,000 households and reduce carbon emissions by nearly 355,500 metric tons per year.

As the financial arm of ECOWAS, EBID finances infrastructure, energy, industry, agriculture and private-sector projects across the organization's 15 member countries. Based in Lomé, it has in recent years disbursed financing to governments and businesses throughout West Africa.

In Togo, the bank has participated in financing several major projects in infrastructure, energy, transport and private-sector development. It is among the financial partners supporting regional projects aimed at strengthening West African economic integration.

For its part, the AfDB remains one of the leading multilateral lenders in West Africa. Its portfolio in Togo includes projects focused on electricity access, road infrastructure, agriculture, industrial transformation and climate finance.

In May, the institution approved a €200 million guarantee intended to support green and social projects.

Ayi Renaud Dossavi

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