EBRD Extends Financing to Sub-Saharan Africa

Private banking company the European Bank for Reconstruction and Development (EBRD) is launching investments into sub-Saharan Africa, having granted beneficiary country status to Benin, Ivory Coast and Nigeria. Recipient country status for the three countries will take effect in July 2025.

Once active, the EBRD will begin operations in these countries, applying its private-sector-focused and locally driven model to boost finance, support local businesses and promote sustainable, long-term growth. Ghana, Kenya and Senegal are also expected to receive recipient country status from the EBRD upon completion of their accession procedures.

“The EBRD will leverage its financial resources and expertise to boost the countries’ economies and provide new opportunities to their people, complementing the work of existing development partners,” stated Odile Renaud-Basso, President, EBRD.