Ecowas’ Devt Bank renews president’s tenure

Ecowas bankAccording to The Nation, one of the leading newspapers in Nigeria, the Board of Governors of the Ecowas Bank for Investment and Development (EBID) has renewed the tenure of the president of the regional development bank, Mr. Bashir Mamman. The new tenure of four years starts on October 10.

EBID is the financial arm of the Economic Community of West African States comprising 15 countries namely: The Gambia, Benin, Burkina Faso, Cape Verde, la Cote d’Ivoire, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.

The Board of Governors comprises of the finance ministers of the 15 member countries.

EBID has two funding windows for public and private sector operations respectively, and emerged from the transformation of the Fund for Cooperation, Compensation and Development of the Economic Community of West African States (ECOWAS Fund).

Mamman was first appointed president on October 11, 2011 after serving as vice-president, finance and corporate services since 2007.

A seasoned banker and administrator with more than 31 years of professional  experience in the public and private sectors, he holds a Masters degree in Business Administration  (MBA) in Finance and a Bachelors degree in Business Administration and Finance from the Ahmadu Bello University, Zaria, Nigeria.

 

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