EBID Adjusts Strategy Amid Trade Tensions and Monetary Easing
Lomé, Sept. 29, 2025 – The ECOWAS Bank for Investment and Development (EBID) is recalibrating its strategy as global trade frictions and shifting monetary policies reshape Africa’s economic outlook. Meeting in Lomé for its 93rd board session, the institution approved $308 million in loans for projects in Guinea and Nigeria. Inflationary Pressures from U.S. Tariffs EBID President George Agyekum Donkor warned that U.S. export tariffs introduced under the Trump administration continue to fuel inflation across African economies. “These taxes increase the price of products and services and generate a direct impact on our economies,” Donkor said. He noted that higher production and service costs are eroding household purchasing power and undermining the competitiveness of local businesses. Leveraging Global Monetary Easing While trade tensions persist, EBID sees opportunities in international capital markets. With the U.S. Federal Reserve cutting rates by 25 […]