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EBID Signs USD30 Million Credit Line with Access Bank

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EBID Signs USD30 Million Credit Line with Access Bank

… Other Financial Lifeline with Two Malian Companies

By: Michael Mike

ECOWAS Bank for Investment and Development (EBID) has signed a credit line of $30 million with Access Bank Plc in Ghana Small and Medium Enterprises (SMEs) to boost the agricultural business and related sectors, including processing, infrastructure, transport, and
women-owned businesses in the West African country.

The bank also signed two other separate finance agreements with two companies Baraka and Societe Niangadou Distribution Compagnie (NDC).

A statement from the bank on Wednesday read that: “On the side lines of the 30th Annual Meetings of the Afreximbank, the President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, has signed three separate finance agreements with three companies namely Baraka, Societe Niangadou Distribution Compagnie (NDC)
and Access Bank Plc on Tuesday June 20, 2023, in Accra, Ghana.”

According to the statement, the first agreement entails an extension of facility amounting to EUR 10 million, aimed
at increasing Baraka’s capacity to finance the supply of petroleum products to marketers and mining companies in the Republic of Mali. This follows a previous agreement in 2022, where EBID extended a facility of EUR 7 million to Baraka SBP for the acquisition of 47 tanker trucks, expanding the company’s fleet to meet the growing demands of the Malian economy.

The second agreement focuses on enabling Societe NDC SAU to expand its interventions in the energy sector of Mali as a petroleum product supplier. It provides a revolving facility of EUR 10 million for the importation and marketing of petroleum products.

The statement said together, these two agreements demonstrate EBID’s commitment to supporting projects in both the private and public sectors in Mali, with a cumulative commitment of 275 billion FCFA.

The third agreement involves a credit line of $30 million to Access Bank Plc in Ghana, dedicated to on-lending to Small and Medium Enterprises (SMEs) in the agricultural business and related sectors, including processing, infrastructure, transport, and women-owned businesses.

The statement said “Dr George Agyekum Donkor, President of EBID, emphasized that the signing of these agreements aligns with the bank’s strategic orientation to invest in the growth poles of ECOWAS Member States. He highlighted Mali as a landlocked, non-oil-producing country heavily dependent on fuel transported by tankers from neighboring countries.

“Dr Donkor stressed the importance of ensuring a consistent supply of petroleum products to support key economic activities, particularly in sectors such as industry and mining. He urged all stakeholders to utilize these facilities effectively to foster the transformation of ECOWAS communities.”

According to the statement, representatives from each company, including Mr. Sadio Bathily, Managing Director of Baraka, Mr. Mamadou Niangadou, Chief Executive Officer of Societe NDC SAU of Mali, and Mr. Olumide Olatunji Managing Director of Access Bank Plc, expressed their appreciation and commitment to utilizing the financing to drive growth, enhance operations, and contribute to the development of their respective sectors.

The statement added that: “The ECOWAS Bank for Investment and Development remains dedicated to its mandate of promoting economic and social development in the ECOWAS region through strategic investments and partnerships. These agreements signify EBID’s ongoing efforts to provide financial solutions that spur private sector development and contribute to the sustainable growth of the region.”

ECOWAS Bank for Investment and Development (EBID) is a leading regional investment and development bank, owned by the 15 ECOWAS Member States, namely, Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. Based in Lomé, Togolese Republic, the Bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows.

EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations, and related services.

EBID Signs USD30 Million Credit Line with Access Bank

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VP SHETTIMA AND THE ILLOGICAL PERMUTATIONS FOR 2027

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VP SHETTIMA AND THE ILLOGICAL PERMUTATIONS FOR 2027


By: Inuwa Bwala

As happened in 2023, when President Bola Ahmed Tinubu was to name his running mate, vested interests are again up in arms, trying to hoodwink or armstwist him into doing their bids.
What people forget, however, is that President Bola Ahmed Tinubu is a master schemer and knows exactly what to do at the appropriate time. Contrary to what many people think, he has his own game plan and can not be compelled to play to the gallery.
In the last few weeks, I have read a plethora of writeups trying to give President Bola Ahmed Tinubu prescriptions on how to chart a new political course if he hopes to achieve his second term bid in the 2027 general elections.
Many of the write ups contain permutations in the event of the emergence of a perceived strong opposition and that unless he drops his Vice President for another person, he will have a difficult task.
As a student of political history, and given our experiences, I dare say that if Bola Ahmed Tinubu and Kashim Shettima could win in the face of all the obstacles placed in their ways from within and from without there does not appear any threat to this same ticket in 2027.
I must confess that I have not yet met a shrewed political strategist in Nigeria like the President who against all permutations settled for Kashim Shettima neither am I aware of any politician who could be as loyal dedicated and determined to his Boss as Shettima has demonstrated over the years.
The game is already on, and the biggest threat to Tinubu in 2027 is indeed any attempt to shift the goalpost in the mu
middle of the game.
As far as I know, the combination has given a very good account of itself, and with the rays of hope beyond the immediate horizon, Kashim Shettima remains President Bola Ahmed Tinubu best choice
I am aware that people have been trying to drive a wedge between them by framing false narratives that are neither here nor there. So as not to embolden those who are heating up the polity unnecessarily, the silence maintained on political permutations remains the best by both the president and the vice president.
Silence on certain issues has paid off for both of them before, and it will again pay off.
When people thought Bola Ahmed Tinubu was sick and weak and may even die before the end of his first tenure, he maintained a golden silence on his health status and rather magnified it as real thereby tricking all Nigerians into believing it was true.
Now that he has proven to be healthy and strong, the voices that predicted a doom for the presidency are silent.

VP SHETTIMA AND THE ILLOGICAL PERMUTATIONS FOR 2027

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Nigerien Army Deserter Who Joined Boko Haram Surrenders in Diffa Region

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Nigerien Army Deserter Who Joined Boko Haram Surrenders in Diffa Region

By: Our Reporter

A deserter from the Niger Republic Armed Forces who reportedly joined the terrorist group Boko Haram has surrendered to local authorities in Kindjandi, located in the Diffa Region of southeastern Niger Republic.
The individual, identified as Abba Ibrahim, had been serving with the Nigerien Armed Forces since 2022 before deserting his post in Bosso on March 8, 2025, according to military intelligence sources. He fled alongside a fellow soldier, Bandam Dala, and subsequently joined a Boko Haram faction active in the Lake Chad area.
Security sources disclosed that Ibrahim surrendered on April 21, 2025, arriving in Kindjandi on horseback with a rifle. He was accompanied by an unidentified young man whose details are yet to be confirmed.
Ibrahim was taken into custody by the Nigerien Armed Forces on the morning of April 22, 2025, and is currently undergoing debriefing and interrogation by military intelligence.
The Diffa Region has remained a hotspot for insurgent activity due to its proximity to Lake Chad and border areas with Nigeria, where Boko Haram and other extremist groups operate.

Nigerien Army Deserter Who Joined Boko Haram Surrenders in Diffa Region

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ECOWAS @50: WADEMOS Commends Subregional bloc for Inviting Mali, Burkina-Faso, Niger to Launch

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ECOWAS @50: WADEMOS Commends Subregional bloc for Inviting Mali, Burkina-Faso, Niger to Launch

By: Michael Mike

The West Africa Democracy Solidarity Network (WADEMOS) has commended the initiative by ECOWAS to extend an invitation to the governments of Mali, Burkina Faso, and Niger for the official launch of ECOWAS’ golden jubilee in Accra.

The Network, in a press statement on Tuesday, said it supports the initiative by ECOWAS to ease tensions and foster diplomacy in a bid to sustain the common heritage, shared history, and longstanding socio-cultural ties of the peoples.

The statement read: “As ECOWAS opens its doors and extends an arm of friendship and collaboration to Mali, Burkina Faso, and Niger, the Network encourages the three countries to reciprocate the gesture, upholding the spirit of good neighbourliness and cross-border cooperation. Such
cooperation is necessary now more than ever, especially as we require a concerted effort to confront matters of common interest to the subregion, such as security and trade.

“WADEMOS maintains the position that the restoration of trust and confidence between
Mali, Burkina Faso, and Niger, on the one hand, and ECOWAS, on the other hand,
remains critical to sustaining cooperation and enhancing the free movement of goods and people. Building trust and confidence, we believe, is also critical to effectively combat the growing threat of terrorism across the subregion.

“Considering the close ties that exist among the West African peoples, WADEMOS
continues to urge the three Sahelian countries to be reconciliatory in their engagements with ECOWAS.”

WADEMOS is an independent and non-partisan network of diverse national and transnational civil society organisations and civic groups working to promote and defend democracy, good governance, and inclusive development in the West Africa region.

It mobilizes, coordinates, and leverages the collective voice and power of civil society and other pro-democracy actors, resources, and opportunities within the West Africa region to advance its mission. The current membership of WADEMOS stands at 47 spread across West Africa.

The WADEMOS Secretariat is based in Accra, Ghana.

ECOWAS @50: WADEMOS Commends Subregional bloc for Inviting Mali, Burkina-Faso, Niger to Launch

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