The Bank of Africa (BOA) is providing financial support of 40 billion FCFA to the ECOWAS Bank for Investment and Development (BIDC). This line of credit is intended to support the private sector in the 15 member countries of the Community, operating in the areas of trade and industry.

The line of credit granted by the Bank of Africa group meets the financial needs faced by players in trade and industry in the 15 member countries of ECOWAS. The two parties proceeded, on Wednesday, November 10, 2021, to the signing of a partnership agreement, aimed at promoting the social development program and inclusive economic growth in West Africa. This partnership between the BOA Group and EBID will provide significant opportunities for private sector players operating in the various sectors of activity within the fifteen ECOWAS Member States. The leading regional investment and development bank, EBID is committed to financing development projects and programs through its windows dedicated to the private and public sectors. EBID interventions take the form of long, medium and short term loans, equity investments, lines of credit, refinancing activities, financial engineering operations and related services.