• West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan with support from Boston Consulting Group.
• BOAD exceeded its 2021–2025 Djoliba targets by reaching 107.4% of objectives and committing $5.2 billion.
• The bank strengthened capital by $900 million and secured $704 million in hybrid bonds.

BOAD initiated preparations for its 2026–2030 strategic plan with advisory support from Boston Consulting Group. The new roadmap will succeed the 2021–2025 Djoliba plan, whose implementation is nearing completion.

Under the leadership of its president, Serge Ekué, the Lomé-based institution organized a consultation seminar in late January 2026. The bank convened shareholders and private sector representatives from the West African Economic and Monetary Union (WAEMU) to consolidate strategic priorities. Participants addressed sustained financing needs in infrastructure, energy, agriculture, and the regional private sector.

BOAD reported performance above initial targets under the Djoliba 2021–2025 plan. The bank said it achieved 107.4% of its objectives as of end-June 2025 and committed $5.2 billion over five years.

The institution allocated $2.16 billion to transport infrastructure and digitalization, $1 billion to agriculture, and $830 million to social sectors. Moreover, BOAD said its interventions supported a 345% increase in rice production, enabled the distribution of 317,547 cubic meters of drinking water per day, and facilitated the installation of 1,311 megawatts of energy capacity.

On the financial front, BOAD increased its equity by $900 million. The bank also secured $704 million in hybrid bond issuances. Furthermore, the institution covered 26% of its balance sheet through securitization and credit insurance mechanisms, thereby strengthening its risk management framework.

As BOAD prepares its next strategic cycle, the bank aims to align its financial capacity with rising investment demand across UEMOA member states.

Fiacre E. Kakpo