African Development Bank Joins EBID Shareholders with $30m Equity, $70m Credit Line

The ECOWAS Bank for Investment and Development (EBID) has disclosed that the African Development Bank Group (AfDB) has become its first international development finance institution shareholder, after the AfDB’s board approved a USD 30 million equity investment.
 
EBID, in a release on Saturday, said the AfDB’s board approved the commitment during a meeting on 17 June 2026 in Abidjan, and that the equity injection forms part of a broader engagement that also includes a USD 70 million long-term line of credit to support high-impact projects across West Africa.
Commenting on the development, EBID president and chairman of the board of directors, Dr George Agyekum Donkor, said the AfDB...