The CEDEAO Investment and Development Bank (BIDC) will commit 390 million dollars (approximately 230,1 billion FCFA) to four operations aimed at supporting productive activities in West Africa. The approved financing concerns gold mining, petroleum product supply, rail transport, and climate-resilient agriculture.
The largest package, amounting to 230 million dollars (approximately 135,7 billion FCFA), is earmarked for Ghana. It will benefit Azumah Resources Ghana Limited to support the development of the Black Volta gold project.
Through this operation, the regional bank intends to support value creation within the mining sector and its ripple effects on the local economy. Ghana is also the focus of a second financing package of 50 million dollars (approximately 29,5 billion FCFA) granted to MOSL Limited.
This facility is intended to enable the company to strengthen its supply of petroleum products, a sector strategic to the country's economic and industrial activity.
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In Nigeria, the BIDC is also providing 100 million dollars (approximately 59 billion FCFA) for the second phase of the Kano-Maradi standard-gauge railway project. The funds will be used to finance the acquisition of rolling stock and equipment necessary for operating the line.
The infrastructure is intended to contribute to improving transport connections between the areas concerned and facilitating the movement of goods and people. The fourth financing, amounting to 10 million dollars (approximately 5,9 billion FCFA), concerns agriculture.
It will be dedicated to the pilot phase of the West African Initiative for Climate-Smart Agriculture (WAICSA), deployed in Ghana, Senegal, and Togo. The objective is to foster the adoption of more resilient agricultural practices while improving sector actors' access to financing.
These four operations were approved during the 101th Ordinary Meeting of the Board of Directors of the BIDC, held on 28 September 2026 in Lomé, Togo. They illustrate the diversity of sectors targeted by the institution, ranging from mineral resources and energy to transport infrastructure and agriculture.
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For the management of the BIDC, these investments are expected to contribute significantly to the development of regional value chains, the strengthening of trade, and greater private sector participation. The bank also estimates that the financed projects are likely to support job creation and strengthen economic activities in the beneficiary countries.
These commitments are part of the BIDC's growth, resilience, and optimization strategy (GRO) 2026-2030. They are also intended to contribute to several Sustainable Development Goals, particularly those related to poverty and hunger reduction, economic growth, infrastructure development, and the fight against climate change.
With this new series of operations, the regional bank continues its intervention in sectors considered structural for West African economies, by combining infrastructure financing, support for industrial and mining activities, and assistance for the transformation of the agricultural sector. Fanuelle YAO
Published on 01/10/26 09:24
The Editorial Staff