Western and Central Africa

Today, on the sidelines of the Nigeria-EU Ministerial Summit in Abuja, EIB Global, the development arm of the European Investment Bank (EIB), and the Bank of Industry (BOI) announced the signature of a EUR 50 million financial agreement to boost the local healthcare sector in Nigeria to address unmet medical needs. This will be delivered through a credit line to support local manufacturers of medicinal products and devices such as pharmaceuticals, vaccines, and diagnostics.

Today, on the sidelines of the Nigeria-EU Ministerial Summit in Abuja, EIB Global, the development arm of the European Investment Bank (EIB), and the Bank of Industry (BOI) announced the EUR 85 million financial agreement to support private sector companies across the agricultural value chains, including cooperatives, and MSMEs. At least 70% of the loans will target cocoa and dairy value chains.

The European Investment Bank (EIB), through its development branch EIB Global, and Vista Group have signed two financing agreements of respectively € 20 million with Vista Gui and € 10 million with Vista Bank (SL) to strengthen access to finance for SMEs and mid-caps in Guinea and Sierra Leone. This important initiative is enabled by the European Fund for Sustainable Development Plus (EFSD+) which serves to mobilise public and private financing under the EU’s Global Gateway strategy.