Under the chairmanship of Serge Ekue, President of the West African Development Bank (BOAD), the Board of Directors held its 123rd ordinary session on Wednesday, May 26, 2021. Four (04) financing proposals were examined and approved for a total amount of 95 billion FCFA. The last Board of Directors of BOAD approved 4 financing proposals for a total amount of 95 billion FCFA, a proposal for the readjustment of loan conditions and a short-term line of credit in favor of BOAD.

According to the statement released by the institution, the new commitments include the construction and asphalting of Regional Road No. 11 (RR11) Kolinka-Fara-Poura crossroads in Burkina Faso; the rehabilitation and extension of Diffa Airport, in the Republic of Niger; the creation and operation of an industrial and logistics park by the company Plateform Industrial Adétikopè (PIA) SAS in Togo; the partial financing of the Rainwater Sanitation Program for Secondary Cities (PAPVS) in the Republic of Benin in the city of Parakou.

In addition, the Board approved, in addition to the aforementioned financing, "the rearrangement of the conditions of the BOAD loan for the partial financing of the construction project of a four (04) Star hotel by the Company CHAIN HOTEL ABIDJAN (CHA) SA in Côte d'Ivoire and the establishment of a line of credit from the Arab Bank for Economic Development in Africa (BADEA) to BOAD, for the financing of short-term operations. Amount of the operation: 27.16 billion FCFA (50 million US dollars)”, can we read in the press release.

At the end of these meetings, Chairman Serge Ekue, on behalf of the Board of Directors, thanked all the Bank's teams for their mobilization and the technical means implemented to hold this session in the best conditions. These new approvals bring to CFAF 6,430.2 billion, the total commitments (all operations combined) of BOAD since the start of its operational activities in 1976.