The ECOWAS Bank for Investment and Development (EBID) has just launched a bond issuance operation. The aim of this operation, approved by the regional council for public savings and capital markets, is to raise XOF25 billion in order to fund seven (7) projects in the energy, industry, hospitality and financial sector. These projects will be implemented in Benin, Côte d’Ivoire, Burkina Faso, Niger, Senegal and Togo.
In the framework of that operation, 2.5 million 7-year bonds with a nominal value of XOF10,000 will be issued. The interest rate is 6.4%. The interest will be paid bi-annually with a 2-semester deferred payment for the principal.
For this operation launched on May 28, 2019, the consortium CGF BOURSE and SGI-TOGO was mandated as an arranger and lead partner. According to Africabourse, one of the underwriters accredited to this operation, the subscription is open till June 26, 2019.
At end 2018, the EBID’s cumulative net commitments in ECOWAS member countries was close to $1.39 billion invested in 133 active projects. In 2017, these commitments were $1.327 billion for the same volume of active projects. This is due to the combined effects of new commitments in 2018 at the completion of five projects in the loan portfolio of Benin, Burkina Faso, Senegal and Togo as well as the cancellation of three investments in Côte d’Ivoire, Senegal and Togo.
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might seek to address rating concerns • April 2026 allows...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...