BIDC approves CFA 10 billion credit line to support Côte d’Ivoire’s private sector

The ECOWAS Bank for Investment and Development (BIDC) has approved a CFA 10 billion credit line to support private sector development in Côte d’Ivoire, as part of its efforts to strengthen economic activity and finance productive investments across West Africa.

The financing facility was granted to the Banque Sahélo-Saharienne pour l’Investissement et le Commerce Côte d’Ivoire (BSIC-CI SA) and is intended to provide additional resources to support small and medium-sized enterprises (SMEs) operating in key sectors of the Ivorian economy.

The credit line will help finance businesses involved in areas including agriculture, agribusiness, industry, infrastructure, transport and services, according to the regional development bank.

The operation is part of BIDC’s broader strategy to increase access to financing for private companies and accelerate economic transformation in the West African region.

The approval comes within a wider package of more than $417 million in financing commitments announced by the BIDC for strategic projects across West Africa. The funding targets priority sectors such as infrastructure, healthcare, housing, mining and private sector development.

Through these investments, the BIDC aims to support job creation, strengthen regional competitiveness and promote sustainable economic growth among ECOWAS member states.

For Côte d’Ivoire, the new credit facility is expected to improve financing opportunities for businesses and contribute to the expansion of productive sectors that play a key role in the country’s economic development.