International law firm Bird & Bird advised the ECOWAS Bank for Investment and Development (EBID) on the signing of a $25 million revolving credit facility with Topaz Multi-Industries SA to boost industrial production in Guinea, strengthen local value chains and support the competitiveness of the manufacturing sector.
This transaction is in line with EBID’s GRO (Growth, Resilience and Optimisation) Strategy 2026-2030, which focuses on private sector development, industrial transformation and the strengthening of regional value chains. It also reflects EBID’s commitment to the United Nations Sustainable Development Goals, in particular SDG 8 (decent work and economic growth), SDG 9 (industry, innovation and infrastructure) and SDG 17 (partnerships for the goals).
The ECOWAS Bank for Investment and Development (EBID) is the Development Finance Institution of the 15 member States of the Economic Community of West African States (ECOWAS), namely Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, the Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. As a specialised community financial institution, the Bank’s mission is to promote an integrated, inclusive, sustainable and resilient sub-region through the financing of national and regional development projects and programmes, for the benefit of both the public and private sectors.
The Bird & Bird team in France and the UK advised EBID on the finance and regulatory aspects, with a team comprising partner Boris Martor, Counsel Sébastien Hoff, and associate Kenza Fradji in France, and partner Andrew Hallgarth, Legal Director Jenni Bird, and associate Annie Pan in the UK.
