European Bank Green-Lights Three New African Members for Investment

European bank green-lights three new African members for investment

Nigeria, Ivory Coast and Benin will get access to millions of euros in potential investments from the European Bank for Reconstruction and Development

EBRD greenlights new African members for investment

Investments will begin shortly after an amendment to the EBRD's founding treaty comes into force in July

The EBRD will facilitate €60M in loans to Ukrainian businesses to enhance energy production, storage, and efficiency.

Through a risk-sharing arrangement, EBRD will back the issuance of new loans by ProCredit Bank to small and medium-sized enterprises in Ukraine. With EBRD’s assistance, the bank anticipates providing sub-loans of up to €60M to private enterprises and households. These funds will support investment in energy production, storage, and energy efficiency improvements. Approximately 70% of the financing will be allocated to projects that align with tr…

Benin, Côte d’Ivoire, and Nigeria join as new EBRD recipient countries

Estimated reading time: 2 minutes As of 22 July 2025, the European Bank for Reconstruction and Development (EBRD) will upgrade three new countries in Africa and the Middle East to ‘recipient country’ status. At their 2025 Annual Meeting in London, the EBRD announced that it will add Benin, Côte d’Ivoire, and Nigeria as member recipient countries. EBRD shareholders ratified this today. Iraq, Ghana, Senegal, and Kenya have also made headway towar…