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Home Business News

ECOWAS Investment Bank appoints Kemi Adeosun as chairperson

Onome Ohwovoriole by Onome Ohwovoriole
August 23, 2017
in Business News
ECOWAS Investment Bank appoints Kemi Adeosun as chairperson

Kemi Adeosun, Finance Minister

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Nigeria’s finance minister, Kemi Adeosun has been appointed as Chairperson of the Economic Community of West African States (ECOWAS) Investment Bank. She succeeds Hassumi Massoudou , the Finance Minister of the Republic of Niger.

At the event which was declared open by Vice President Yemi Osinbanjo, Mrs Adeosun canvassed for inclusive growth as a model of development by West African countries

 “It is time for a shift to a new model which ensures that opportunities from economic growth and development can be enjoyed and shared by more people in the sub-region.

The ECOWAS Bank for Investment and Development (EBID),  is the financial institution established by the 15 Member States of the  Economic Community of West African States (ECOWAS)  comprising Benin, Burkina Faso, Capo Verde, Côte d’Ivoire,  The  Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.  The Bank’s headquarters is in Lome, Republic of Togo. The treaty establishing ECOWAS also established the ECOWAS fund, which was converted in 1999 to the ECOWAS investment bank.  The EBID however became functional in 2003.

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Tags: ECOWASEcowas BankKemi AdeosunNews Review
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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