The ECOWAS Bank for Investment and Development (EBID) has approved more than $417 million in financing for five projects across West Africa, targeting infrastructure, healthcare, housing, mining and financial sector development.

The funding package, approved during EBID’s 99th Ordinary Session on July 6, 2026, comes as governments across the region push to improve transport links, expand essential services and attract more private sector investment.

The projects cover Nigeria, Côte d’Ivoire and Ghana, with the bank saying the investments are aimed at supporting economic activity, improving public services and strengthening regional trade.

EBID President George Agyekum Donkor said the approvals reflect the bank’s focus on financing projects that can deliver practical benefits for businesses and communities.

“From transport infrastructure and healthcare to housing and financial resilience, these investments will strengthen regional competitiveness while supporting sustainable and inclusive growth across West Africa,” Donkor said.

Transport investment takes largest share

The biggest allocation is a $260 million financing package for a 123-kilometre section of Nigeria’s Trans-Saharan Highway.

The project is expected to improve road connections, reduce transport costs and support trade between West African markets.

Better transport networks remain a major priority for the region, where high logistics costs continue to affect businesses and cross-border trade.

EBID said the highway project will help improve supply chains and create stronger links between communities and commercial centres.

Healthcare and housing projects expand services

In Côte d’Ivoire, EBID approved a $17.38 million credit facility for Banque de l’Habitat de Côte d’Ivoire (BHCI) to increase access to housing finance and support small and medium-sized businesses involved in construction.

The bank also approved $91.22 million for the development of the 150-bed Regional Hospital of Ferkessédougou through a public-private partnership.

The facility will include construction, equipment and long-term maintenance, helping improve healthcare access in northern Côte d’Ivoire.

Mining and public infrastructure receive funding

EBID approved an additional $22.28 million for the renovation, operation and maintenance of the Symphonie Building in Abidjan, which will serve as the future home of Côte d’Ivoire’s Ministry of Justice.

In Ghana, the bank committed $47.4 million to Azumah Resources Ghana Limited for equipment and early development work at the Black Volta Gold Project.

The financing is expected to support mining activity, create jobs and contribute to Ghana’s gold industry.

EBID said the approvals are part of its Growth, Resilience and Optimisation (GRO) Strategy, which focuses on infrastructure, private sector development and regional integration.

The bank said the latest projects underline its role in providing long-term financing for investments that can support economic growth across West Africa.