The ECOWAS Bank for Investment and Development (EBID) has approved more than US$101 million in financing for development projects in Sierra Leone and Guinea, with the largest share earmarked for a major electricity transmission project in Sierra Leone.
The funding approval was announced during the bank’s 94th Board Session, where regional leaders reviewed strategic investments aimed at boosting infrastructure, governance and economic growth across West Africa.
Out of the total package, Sierra Leone is set to receive US$79.389 million for the implementation of the Sierra Leone Energy Transmission Project. The initiative will focus on constructing a 225kV and 66kV electricity transmission network aimed at strengthening the country’s power infrastructure.
The project is expected to improve electricity transmission nationwide, reduce instability in power supply and support industrial growth by creating a more reliable energy system for businesses and households.
EBID officials described the investment as a critical intervention that could help improve energy security and drive economic productivity in Sierra Leone through enhanced infrastructure development.
The regional bank noted that strengthening the transmission network is expected to support private sector expansion and contribute to long-term national development efforts.
Meanwhile, Guinea secured US$21.808 million from the regional lender for the National Development Observatory and Digital Atlas Project, which seeks to modernise governance through digital planning tools and geospatial technology.
According to EBID, the approved projects align with broader regional goals to promote sustainable development and economic transformation across West Africa.
The bank added that the investments support key Sustainable Development Goals, including affordable and clean energy, economic growth, innovation and regional partnerships.
