A deal signed between EBID and the EU-Africa Chamber of Commerce
Thursday, 04 July 2024 04:18
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.
Live News
-
China’s Shenghe Beats U.S. GICP in Battle for Tanzanian Rare Earth Mine
09:17
-
China's Sungrow Plans ~10-Gigawatt Energy Storage Plant in Egypt
08:55
-
Stellantis Buys 80% of AXA Crédit Morocco to Integrate Cars, Loans, Insurance
08:48
-
South Africa’s Energy Answer: Megaprojects That Eclipse Traditional Plants
08:40
-
Cameroon Signs Revised African Maritime Charter to Boost Continental Trade
05:40
-
Cameroon Approves $185 Million World Bank Loan to Modernize Douala and Yaoundé
05:38
-
Canadians eye Cameroon’s CFA500 bln Minkouma hydro project
04:20
-
Jam’s Avenir Threatens Cameroon With Lawsuit Over Revoked Kambele Permit
20:42
-
Rafiki Streamlines Outsourcing with Collaborative Software
20:00
-
Racine Sarr Unlocks Global Shopping for African Consumers
19:56
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
Even though it remains the smallest "crypto-economy" in the world, sub-Saharan Africa shows that vir...
• Peak Rare Earths rejects $160M U.S. bid, favors China's Shenghe• Shenghe aims full control of Tanzania’s Ngualla rare earths project• Move...
• Sungrow to build 10 GW battery factory in Egypt• Project supports Egypt’s push to localize energy storage industry• Egypt targets 30% renewables by...
• South Africa expands massive energy clusters, led by 506 MW Khauta• Projects include solar, wind, storage; major private buyers involved• Clusters offer...
• Paladin to raise A$300M for uranium projects in Australia, Canada• Funds target Patterson Lake and Langer Heinrich mine expansion• Uranium demand...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...