AfDB Invests $30m Equity In EBID, Becomes First Institutional Shareholder

African Development Bank Group says it has committed a $30 million equity investment in ECOWAS Bank for Investment and development, becoming EBID’s first international development finance institution shareholder.
Approved by AfDB’s board on June 17, 2026 in Abidjan, the move marks a shift from EBID’s previous structure of Member States-only ownership. The investment is paired with a $70 million long-term credit line to fund high-impact projects, especially in West Africa’s renewable energy sector, as EBID pushes its GRO Strategy 2026-2030.
EBID in a statement said, “the entry of the AfDB represents a historic evolution in EBID’s ownership structure, previously composed exclusively of ...