In its latest publication, the Montaigne Institute highlights the importance of investing in the agricultural sector in West Africa to bring stability and food security to the continent. The ECOWAS Bank for Investment and Development embraces this strategy with the launch of two initiatives:
- Providing a cash facility of $70 million for agro-industrial SMEs benefiting from Coris Bank in five countries: Burkina Faso, Benin, Côte d'Ivoire, Senegal, and Togo.
- Approving an investment of just over $23 million for the construction of a commodity value-added complex, including storage, processing, and packaging, in Côte d'Ivoire.
The EBID has also initiated a similar effort in Nigeria through Wema Bank.
Source: Agence EcoFin
