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A deal signed between EBID and the EU-Africa Chamber of Commerce

Thursday, 04 July 2024 04:18
A deal signed between EBID and the EU-Africa Chamber of Commerce

(EBID) - The ECOWAS Bank for Investment and Development (EBID) and the EU-Africa Chamber of Commerce (EUACC) have signed a Memorandum of Understanding (MOU) aimed primarily at resource mobilisation, project financing and technical cooperation for the benefit of ECOWAS Member States.

The MOU, which was signed on June 28, 2024, at the 36th Annual Session of the Crans Montana Forum, held in Brussels, Belgium, perfectly aligns with the Bank’s vision of an integrated, inclusive, sustainable, and resilient ECOWAS.

EBID seeks to leverage EUACC’s wide network of private sector players, private and institutional investors and experts to fast-track its expansion drive through project development and financing.

With EBID’s knowledge of the ECOWAS region and expertise in financing public and private sector projects within the sub-region, and the EUACC’s wide array of private sector project developers and investors, this partnership is expected to lead to interventions in the financial, clean energy, infrastructure, and manufacturing sectors of the ECOWAS Member States, among others.

7MOU Crans Montanta 2



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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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