EBID honoured for outstanding sustainable project financing at the Sustainable Finance Awards 2026
The award was presented during the Sustainable Finance Awards and Recognition Ceremony held alongside the Global Sustainable Finance Conference (GSFC 2026) on 27-28 August 2026 in Karlsruhe, Germany.
According to Arshad Rab, Chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions and CEO of the European Organisation for Sustainable Development, EBID's support for the Kano-Maradi Railway demonstrates the critical role that regional development finance institutions play in advancing economic transformation and regional connectivity.
EBID is supporting the project through a US$180 million line of credit to Mota-Engil Nigeria. The railway will connect northern Nigeria to the Republic of Niger, facilitating the movement of people and goods, lowering transport costs, strengthening trade corridors, and creating new opportunities for investment and economic growth across the region.
Mr. Rab congratulated Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, as well as the Bank's Board, Management, and Staff for this achievement. He expressed confidence that the recognition would encourage the Bank to further leverage its regional mandate and financial capabilities to support transformational investments that enhance regional value chains and deepen economic integration in West Africa.
Originally published by African Business.