Ecowas Bank For Investment And Development (Ebid) Tenders

The ECOWAS Bank for Investment and Development (EBID) is the financial arm of the Economic Community of West African States (ECOWAS) comprising fifteen (15) Member States namely, Benin, Burkina Faso, Cape Verde, Cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. EBID is responsible for financing development projects and programmes in the areas of infrastructure, transport, energy, telecommunications, agriculture and rural development, social sector, industry, financial services, financial engineering, and hotels/tourism. EBID emerged as a banking group (the EBID Group) after the transformation of the erstwhile Fund for Cooperation, Compensation and Development of the Economic Community of West African States (ECOWAS Fund) in 1999. The ECOWAS Fund was established in 1975 at the same time as the erstwhile Executive Secretariat of the Economic Community of West African States (the present ECOWAS Commission) and commenced operations in 1979. EBID started operations in 1999 as a holding company with two specialised subsidiaries: ECOWAS Regional Development Fund (ERDF) for financing the public sector; and ECOWAS Regional Investment Bank (ERIB) for financing the private sector. In 2006, the ECOWAS Authority of Heads of State and Government agreed to reorganise the EBID Group into one unified entity with two windows: one for promoting the private sector and the other, for developing the public sector in order to extend the services of the Bank to a wider range of stakeholders involved in sustainable economic development activities and programmes at national and regional levels. The Bank has been operating under the new structure since January 2007. The headquarters of the Bank is in Lome, Togolese Republic.