• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

EBID Commits $308.63 Million to Clean Energy, Agriculture, and Industrial Growth Projects Across West Africa

Olusola Blessing by Olusola Blessing
October 6, 2025
in Energy, News
0
EBID Commits $308.63 Million to Clean Energy, Agriculture, and Industrial Growth Projects Across West Africa
Share

The ECOWAS Bank for Investment and Development (EBID) has approved $308.63 million to finance major projects in clean energy, industrial development, and sustainable growth across West Africa, in a move designed to boost economic diversification and regional integration.

The funding decisions were made during the Bank’s 93rd Ordinary Session in Lomé, chaired by Dr. George Agyekum Donkor, EBID’s President and Board Chair, who said the approvals reflect the Bank’s mission to promote inclusive and sustainable development across the region.

A key part of the investment includes a $40 million line of credit to Vista Bank Guinea to support trade-related activities such as import-export operations and commercial value chains. The initiative is expected to support about 105 enterprises, create thousands of direct and indirect jobs, and reduce unemployment in the country.

In Nigeria, EBID approved $98.18 million for the construction of a 50 MW solar power plant in Taraba State. The project will deliver clean and reliable electricity to an estimated 390,000 people and more than 200 public institutions. It is also expected to generate 400 construction jobs, 50 permanent positions, and up to 1,500 indirect jobs in supply chain and maintenance services — providing a significant boost to local employment and energy access.

The Bank also approved $79.22 million for the establishment of a modern rice processing complex and a 10,000-hectare irrigated farm in Taraba, aimed at strengthening food security, increasing agricultural output, and stimulating local economic growth.

Additionally, $91.23 million has been allocated for the development of an industrial park in Taraba State. Designed to accelerate industrialisation and economic diversification, the park will provide a modern ecosystem for small and large businesses, enhancing value addition, job creation, and private sector participation.

EBID said these investments underline its commitment to advancing the United Nations Sustainable Development Goals (SDGs), particularly those focused on zero hunger, affordable clean energy, decent work, sustainable industrialisation, and climate action.

“With these new commitments, EBID is strengthening its developmental footprint and reinforcing its role as a driver of sustainable economic growth across the ECOWAS region,” Dr. Donkor stated.

For small and medium-scale enterprises, the projects present new opportunities to scale operations, access reliable infrastructure, and participate more actively in regional value chains, further positioning West Africa as a growing hub for innovation, agribusiness, and renewable energy.

Post Views: 9
Share

Related Posts:

  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • images (13)
    EBID Approves €230m and $10m to Drive Growth and…
  • Oladimeji O. Peters Chairman Credit Bureau Association Of Nigeria
    Credit Reports are Useful Beyond Transactions with…
  • Top 15 Social Media Marketing Tools for Nigerian Entrepreneurs
    15 Social Media Management Tools That Will Make Life…
Tags: EBIDMSMEs
Previous Post

FG Grants Strategic Exemptions from Suspended 4% Import Charge to Boost Manufacturing Sector

Next Post

10,000 Kano Residents to Receive N20,000 Each in New Empowerment Drive

Next Post
10,000 Kano Residents to Receive N20,000 Each in New Empowerment Drive

10,000 Kano Residents to Receive N20,000 Each in New Empowerment Drive

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • FG Urges Private Sector to Drive Local Production and Standardisation of Medical Equipment
  • Africa Must Stop Exporting Raw Minerals, Build Industries at Home – Alake
  • 10,000 Kano Residents to Receive N20,000 Each in New Empowerment Drive
  • EBID Commits $308.63 Million to Clean Energy, Agriculture, and Industrial Growth Projects Across West Africa
  • FG Grants Strategic Exemptions from Suspended 4% Import Charge to Boost Manufacturing Sector

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Financial Services
  • Opportunities
  • About us

© 2023 MSME Africa - All rights reserved.