The ECOWAS Bank for Investment and Development (EBID) has granted a loan amounting to 5 billion CFA francs to KOIRA BTP for the construction of an ultra-modern market in the commune of Adjamé-Habitat, in the Republic from Ivory Coast.
In his speech, Mr. George Agyekum Donkor (PhD), President of the EBID and its Board of Directors, underlined that this agreement is part of the strategic vision of the Bank which aims to promote a sub -inclusive, sustainable and resilient region through the financing of growth poles of ECOWAS Member States.
The project will significantly contribute to improving conditions for commercial activities in Adjamé, the traditional business center, with over 80% of the local population involved in small businesses such as trading in fabrics, foodstuffs and Appliances. This new credit facility brings the total commitments of the EBID in Côte d’Ivoire to 375 billion CFA francs for the private and public sectors.
Cesse Kome, Chairman of the Board of Directors of KOIRA BTP SA, expressed his gratitude, recognition and commitment to maintaining this lasting partnership with the EBID. He assured the Bank of judicious use of the facility to boost sustainable growth and strengthen trade.
The project, which is expected to create a total of 3,275 direct and indirect jobs, is further proof of the EBID’s commitment to promoting youth employment while creating wealth to reduce poverty in the sub-region.