West African Development Bank
West African Development Bank (BOAD) is the multilateral development bank for the eight WAEMU member states, providing direct lending, guarantees, equity participations, and climate finance to sovereigns, large enterprises, and SMEs across West Africa.
- Company typePrivate
- Founded1973
- HeadquartersLomé, Togo
- Headcount251–500
- GTM typeB2B
- OfferingServices
What West African Development Bank does
BOAD (Banque Ouest Africaine de Développement / West African Development Bank) is the multilateral development bank created by treaty in 1973 (operational since 1976) and headquartered in Lomé, Togo. It is the sole MDB dedicated to the eight member states of the West African Economic and Monetary Union (UEMOA/WAEMU): Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Its mandate is to finance the balanced economic development and regional integration of WAEMU through long-term lending, guarantees, equity participations, and intermediation services directed at sovereigns, public establishments, regional organizations, large private corporates, and — via National Financial Institutions — SMEs.
The bank's product stack includes direct short-, medium- and long-term loans, bond guarantees, interbank guarantees, equity participations, and structured intermediation. Proprietary capabilities include BOAD Titrisation (the first FCTC management company licensed by AMF UMOA, established 2011), the UNFCCC Regional Collaboration Centre of Lomé (the first of six CRCs worldwide, covering 26 francophone West and Central African countries, established January 2013), the Fonds de Développement Énergie (FDE, 2009), the Fonds de Transformation Digitale (FTD, with KfW), and pioneering EUR/XOF cross-currency swap instruments with IFC (up to €600m, May 2026) and PROPARCO (€200m, May 2026). Information systems are certified ISO 27001 and IFACI. BOAD is accredited with the three major climate funds (GEF, AF, GCF) and channels climate finance through the West African Carbon Markets and Climate Finance Alliance (CI-ACA). Distribution is hybrid: direct sovereign and large-corporate engagement supported by eight resident missions, plus an indirect SME channel via National Financial Institutions and dedicated vehicles (GARI guarantee fund, CAURIS private equity, Fonds Agricole pour l'Afrique).
BOAD's business model is funded through shareholder capital (Serie A held by the 8 WAEMU states + BCEAO; Serie B held by France, KfW/Germany, EIB/EU, AfDB, Belgium, Eximbank India, China, Morocco — authorized capital 1,155 billion FCFA, subscribed 1,103,650 billion FCFA as of 31/12/2022), multilateral/bilateral credit lines (FinDev Canada €20m 2023, SMBC €200m 2026, IFC up to €600m 2026, PROPARCO €200m 2026, AfDB lines 2021), and capital markets debt (notably a €1bn Rule 144A/Reg S notes offering at 6.25% in October 2025). Revenue derives from interest on loans, guarantee fees, dividend and capital-gain income from equity participations, and intermediation fees. Under the "Djoliba" 2021-2025 plan BOAD financed 244,000 jobs target, 12,700 km of roads, 12,170 ha irrigated, 380 MW and 87,700 m³/day of water; the new "Djoliba…La Suite" 2026-2030 plan targets 6,500 billion FCFA (~€10 billion) in financing — double the prior cycle — supported by an inaugural JCR "A" rating (May 2026), a 100%-owned planned private-sector subsidiary for housing, and intensified partnerships with the IFC, AFD/PROPARCO, KfW, SMBC, and AfDB.
West African Development Bank firmographics
Firmographics- Name
- West African Development Bank
- Legal name
- Banque Ouest Africaine de Développement (BOAD) - West African Development Bank
- Website
- https://www.boad.org/
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- West African Development Bank (BOAD) is the multilateral development bank for the eight WAEMU member states, providing direct lending, guarantees, equity participations, and climate finance to sovereigns, large enterprises, and SMEs across West Africa.
- Ownership category
- akta.pro rank
West African Development Bank industry classification
Industry- Product category
- Multilateral Development Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218), Other Financial Vehicles (52599)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022), Short-Term Business Credit Institutions (6153), Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)
- akta.pro secondary industries
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Housing & Urban Development Banks (Public) (FSABAKAG), Direct Lending — Asset-Based Lending (ABL) (FSAHAJAE), Debt Relief, Restructuring & Sovereign Advisory Programs (BPADACAL)
Keywords
Where West African Development Bank is headquartered
LocationHeadquarters
- HQ city
- Lomé
- HQ country
- Togo
Offices9 records
Markets served
West African Development Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Others
Revenue model
- Direct lending (short, medium, and long-term loans): Principal revenue stream: BOAD extends short-, medium- and long-term loans to UEMOA member states, public establishments, regional organizations, and private-sector entities for productive investments in eligible sectors (industry, transport, mining, agro-industry, energy, infrastructure, real estate, telecom, agribusiness, tourism, etc.). Pricing is project-specific based on due diligence.
- Equity participations (prise de participation): BOAD takes equity stakes in companies and National Financial Institutions (e.g., additional participation in Cauris IV fund). Generates dividend income and capital gains.
- Guarantee products (bond guarantees, interbank guarantees, negotiable debt securities): Guarantees for bond issues on the WAEMU financial market (per CREPMF), guarantees for interbank loans, and guarantees for negotiable debt securities (treasury bills, certificates of deposit) per BCEAO rules. Tenor 2-10 years for bonds, 6 months-7 years for interbank/negotiable securities.
- Securitization operations (BOAD Titrisation): Through BOAD Titrisation (created 2011, first licensed FCTC management company in WAEMU), the group structures securitization transactions to mobilize capital for financial institutions and corporates (e.g., FTC BOAD DOLI-P 6.10% 2023-2030 mobilizing FCFA 150 billion).
- Financing arrangement / intermediation services: Intermediation services to mobilize resources from the WAEMU financial system for member states and private promoters; financial advisory and project preparation assistance.
- Capital markets debt issuance: BOAD raises funds via international capital markets, e.g., €1 billion Rule 144A/Reg S notes offering at 6.250% coupon completed in October 2025 to fund West African development projects.
- Interest rate subsidization (bonification d'intérêts): BOAD subsidizes borrowing conditions for non-market sector projects through its bonification fund.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Direct loans (short/medium/long-term) with project-specific pricing |
| Other | Pay-as-you-go | Financing arrangement (intermediation service) |
| Other | Multi-year contract | Guarantee products (bond, interbank, negotiable securities) |
| Other | Pay-as-you-go | Equity participation / project equity stake |
| Other | Multi-year contract | Capital markets funding (own issuance) |
Go-to-market motion4 records
Distribution channels7 records
Marketing channels8 records
West African Development Bank product offering
Product offeringCore offering
BOAD is the multilateral development bank of the 8 WAEMU (UEMOA) member states, extending short-, medium- and long-term loans, equity participations, guarantees (bond, interbank, negotiable securities), and financial advisory / financing arrangement services to sovereigns, public establishments, regional organizations, and private-sector promoters. It funds productive investments across industry, transport, mining, agro-industry, energy, infrastructure, real estate, telecoms, agribusiness, and tourism, and complements direct lending with securitization (BOAD Titrisation) and dedicated vehicles (FDE, FTD, CAURIS, GARI, FAA).
Product overview
No product or service information supported by a resolvable source ID is available in the provided input.
Differentiator
Problem solved
Functional benefit
Brands
- BOAD Titrisation: BOAD's wholly-owned securitization entity (created 2011) — first asset-management company licensed by AMF UMOA to manage FCTC (fonds de titrisation de créances) vehicles; promotes securitization in the UEMOA sub-region.
- CRC-Lomé (Centre Régional de Collaboration de Lomé)
- Plan Djoliba 2021-2025
- Djoliba… La Suite (2026-2030)
- Fonds de Développement Énergie (FDE)
- CAURIS Investissement / CAURIS IV
- Fonds GARI
- Fonds de Transformation Digitale (FTD)
Products and services
- Direct Loans (short, medium, and long-term) Principal financing product: short-, medium- and long-term loans extended to WAEMU member states, public establishments, regional organizations, and private-sector entities for productive investments across industry, transport, mining, agro-industry, energy, infrastructure, real estate, telecoms, agribusiness, tourism, BTP, fisheries, and livestock.
- Equity Participations (prise de participation) Equity stakes taken in companies and National Financial Institutions (e.g., additional participation in Cauris IV fund of 10 billion FCFA in 2025). Generates dividend income and capital gains.
- Guarantee Products (bond, interbank, negotiable debt securities) Guarantees for bond issues on the WAEMU financial market (per CREPMF), guarantees for interbank loans, and guarantees for negotiable debt securities (treasury bills, certificates of deposit) per BCEAO rules.
- BOAD Titrisation Securitization Services Securitization operations through BOAD Titrisation — pools financial assets (mortgages, receivables, debts) and transforms them into tradable securities for regional/international markets, enabling capital mobilization for financial institutions and corporates.
- Financing Arrangement / Intermediation Services Intermediation services to mobilize resources from the WAEMU financial system for member states and private promoters; financial advisory and project preparation assistance.
- Fonds de Développement Énergie (FDE) BOAD-managed concessional energy-development fund that finances Initiative Régionale pour l'Énergie Durable (IRED)-eligible energy projects at concessional terms in UEMOA.
- Fonds de Transformation Digitale (FTD) BOAD's digital transformation fund co-developed with KfW for WAEMU member states (ftd.boad.org), accompanying countries in their digital transformation efforts.
- CAURIS Private Equity Funds (CAURIS Croissance / Cauris IV) Private equity fund manager targeting growth-stage SMEs/PMIs in UEMOA and expansion into ECOWAS (ex-Nigeria) and francophone Central Africa; supports job and wealth creation.
- Fonds GARI (Garantie des Investissements Privés en Afrique de l'Ouest) Guarantee fund supporting financing of private-sector investments in ECOWAS member states by providing guarantees to banks and financial institutions.
- Fonds Agricole pour l'Afrique (FAA) Agricultural finance vehicle providing financing for agribusiness (cereals, livestock, dairy, fruits, seeds, microfinance) with a technical-assistance facility and adapted financing for farmers and cooperatives.
- Interest Rate Subsidization (Bonification d'intérêts) BOAD subsidizes borrowing conditions for non-market sector projects through its dedicated bonification (interest-rate subsidy) fund, making financing more affordable for priority social-sector and infrastructure projects.
Quantifiable outcome
- 6,500 billion FCFA (~10 billion euros) targeted financing for 2026-2030 under 'Djoliba… la Suite' — double the previous cycle
- +10 more outcomes
Companies that use West African Development Bank
Customer profileNamed customers19 records
Segments11 records
Ideal customer profiles4 records
West African Development Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
West African Development Bank partnerships and signals
Strategic signalPartnerships
40 partnerships are on record, tiered minor, flagship and core.
- Nuclear Energy Innovation Summit for Africa (Kigali)minorAfrican leaders and multilateral lenders gathered at the Nuclear Energy Innovation Summit for Africa in Kigali to address the continent's power deficit through nuclear energy. The World Bank lifted its longstanding ban on nuclear energy funding in June 2025, opening doors for multilateral institutions including BOAD to finance African nuclear projects.
- International Finance Corporation (IFC / SFI)flagshipIFC and BOAD announced the first-ever cross-currency (EUR-XOF) loan agreements of up to €600 million signed at the Africa CEO Forum in Kigali on 15 May 2026. The IFC will provide BOAD with long-term EUR resources to expand interventions in energy, agro-industry, transport, urban development, and MSMEs in the UEMOA zone, while BOAD will provide IFC with a flexible XOF facility for local-currency financing. The mechanism is structured with the support of GALITE, BOAD's structuring advisor. IFC Managing Director Makhtar Diop described it as the first cross-financing line between IFC and a development finance institution.
- PROPARCO (AFD Group)flagshipBOAD and PROPARCO signed a €200 million (~131 billion FCFA) cross-currency (EUR-XOF) operation in Nairobi on 11 May 2026, structured by Galite — described as a world first. Aims to broaden access to the XOF market, support UEMOA foreign exchange reserves, and finance structuring private-sector projects. PROPARCO Director General: Françoise Lombard.
- African Development Bank Group & ECOWAS — Abidjan-Lagos Highway corridorflagshipBOAD joins the African Development Bank Group and ECOWAS in a 1,028-km flagship Abidjan-Lagos Highway corridor project linking Côte d'Ivoire, Ghana, Togo, Benin and Nigeria. AfDB has committed $25 million in technical assistance. The supranational Abidjan-Lagos Corridor Management Authority manages the project, an enabler of the African Continental Free Trade Area.
- International Finance Corporation (IFC) — high-level working session in LoméflagshipBOAD and IFC held a high-level working session in Lomé on 7 April 2026 to enhance their partnership for regional development, with focus on energy, agriculture, natural resources, innovative financing, and affordable housing, and agreement on a concrete action plan to support projects across WAEMU.
- RINLCAO (Réseau des Institutions Nationales de Lutte contre la Corruption en Afrique de l'Ouest)minorBOAD joined RINLCAO on 3 April 2026 to strengthen the fight against fraud and corruption in West Africa.
- Alliance of African Multilateral Financial Institutions (AAMFI)coreBOAD was formally admitted as a new member of the Alliance of African Multilateral Financial Institutions (AAMFI) at the Ninth Meeting of the AAMFI Governing Council on 14 February 2026, alongside the Regional Maritime Development Bank (RMDB), expanding the Alliance's regional reach.
- Regional Maritime Development Bank (RMDB)minorRMDB was admitted as a new member of AAMFI alongside BOAD at the Ninth Meeting of the AAMFI Governing Council on 14 February 2026, expanding the Alliance's regional reach.
- IFC and Orange Middle East and Africa (partnership)flagshipBOAD participated (€30M) alongside IFC (€50M) in an €80 million Social Loan to Orange Mali for 300 new 4G towers (half in rural areas), fibre networks, and 300,000 household connections, with a target of 70% women in digital training by 2032. This is the first investment from a broader IFC–Orange Middle East and Africa partnership targeting digital infrastructure across 8 West and Central African countries.
- KfW (Germany)coreKfW is a long-standing shareholder (Série B shares) and strategic partner of BOAD. Together they established the Fonds de Transformation Digitale (FTD) to accompany WAEMU countries in their digital transformation. KfW is classified as a strategic partner of BOAD, providing financing, technical assistance, and specific initiatives.
- Agence Française de Développement (AFD)flagshipAFD is a long-standing strategic partner of BOAD, providing financing, technical assistance, and specific initiatives. AFD-supported vehicles include the GARI guarantee fund for private investments in ECOWAS. AFD Group subsidiary PROPARCO separately signed the €200M cross-currency transaction (May 2026).
- DEG (KfW Group)coreDEG is part of the KfW Group and a strategic partner of BOAD, contributing to dedicated vehicles including the GARI guarantee fund for private investments in West Africa.
- African Development Bank (AfDB / BAD)flagshipAfDB is a strategic partner and shareholder (Série B) of BOAD. AfDB and BOAD co-finance large regional projects such as the Bamako 225 kV North Loop Project (with IsDB and the Government of Mali) and the Abidjan-Lagos Highway (ECOWAS corridor).
- Arab Bank for Economic Development in Africa (BADEA)coreBADEA is listed as a strategic partner of BOAD on the Relations Institutionnelles page.
- European Investment Bank (EIB / BEI)coreEIB is a strategic partner and shareholder (Série B, acting for the European Union) of BOAD, providing long-term financing and co-investment in eligible sectors.
- Islamic Development Bank (IsDB)coreIsDB is a strategic partner of BOAD, co-financing projects such as the Bamako 225 kV North Loop Project.
- Islamic Corporation for the Development of the Private Sector (ICD)minorICD is listed as a strategic partner of BOAD on the Relations Institutionnelles page.
- World Bank (Banque Mondiale)coreWorld Bank is listed as a strategic partner of BOAD on the Relations Institutionnelles page, with joint activities in climate finance and capacity building.
- Green Climate Fund (GCF)coreGCF is a technical partner of BOAD, providing climate finance accreditation and resources (136 billion FCFA mobilized from GEF, AF, GCF combined as of 31/07/2023).
- Global Environment Facility (GEF / FEM)coreGEF is a partner of BOAD (BOAD is an accredited implementing agency). 136 billion FCFA mobilized from GEF, AF, GCF as of 31/07/2023.
- Adaptation Fund (AF)coreAdaptation Fund is a partner of BOAD. 136 billion FCFA mobilized from GEF, AF, GCF as of 31/07/2023.
- OEEB (Austria)minorAustrian Development Bank (OEEB) is a technical partner of BOAD.
- Switzerland (SECO / FDFA)minorSwitzerland is a technical partner of BOAD.
- Banque Centrale des États de l'Afrique de l'Ouest (BCEAO)flagshipBCEAO is a Série A shareholder and institutional partner of BOAD. BCEAO and BOAD jointly pursue monetary and financial integration in the WAEMU zone. BCEAO regulates negotiable debt securities guaranteed by BOAD.
- Republic of France (French government shareholder)coreThe French Republic is a Série B shareholder of BOAD.
- Kingdom of Belgium (Belgian government shareholder)coreThe Kingdom of Belgium is a Série B shareholder of BOAD.
- People's Republic of China (via China Eximbank)coreThe People's Republic of China, represented by China Eximbank, is a Série B shareholder of BOAD.
- Kingdom of Morocco (Moroccan government shareholder)coreThe Kingdom of Morocco is a Série B shareholder of BOAD.
- Republic of India (via Exim Bank India)coreIndia, represented by Exim Bank of India, is a Série B shareholder of BOAD.
- International Development Finance Club (IDFC)flagshipBOAD is a member and sole Chair of the IDFC (since 27 February 2025, co-chair since 15 October 2023), a network of 27 national, regional and bilateral development banks worldwide.
- GALITE (structuring advisor)coreGALITE is BOAD's dedicated structuring advisor. GALITE structured the cross-currency transactions with IFC and PROPARCO (2026) and the IFACI-certified operations.
- Clifford Chance (legal advisor)coreClifford Chance served as legal adviser on BOAD's €1 billion Rule 144A/Reg S notes offering (October 2025).
- Rothschild & Co (financial advisor)coreRothschild & Co served as advisor to BOAD throughout its inaugural JCR credit rating process (May 2026).
- KPMG Togo (Statutory Auditor)coreKPMG Togo is BOAD's current statutory auditor (Commissaire aux Comptes), designated by the UMOA Council of Ministers. Performs annual audit and review of internal controls.
- BOAD Titrisation (subsidiary)flagshipBOAD Titrisation is a wholly-owned subsidiary created in 2011. It is the first company to obtain AMF UMOA licensing as an FCTC management company in WAEMU. Its mission is to be a development driver for securitization in WAEMU countries. Key operations: FTC BOAD DOLI-P 6.10% 2023-2030 (150 billion FCFA), 150 billion FCFA 2024 operation. Director General: Madame Sokhna Mbaye.
- UNFCCC (United Nations Framework Convention on Climate Change) — CRC-Lomé partnershipflagshipBOAD and the UNFCCC Secretariat jointly established the Regional Collaboration Centre of Lomé (CRC-Lomé) in January 2013 — the first of six Regional Collaboration Centres worldwide. The CRC covers 26 francophone West and Central African countries, supporting CDM/Article 6.4 transition, climate finance mobilization, and capacity building. Key initiatives include the West African Carbon Markets and Climate Finance Alliance (CI-ACA) and the South-South network on Measurement, Reporting and Verification (MRV).
- Cauris Investissement (private equity)coreBOAD co-created Cauris Investissement, a private equity firm targeting high-growth-potential SMEs. After a first 5 billion FCFA fund, BOAD contributed to two successor funds: Cauris Croissance and Cauris Croissance I. BOAD took an additional equity participation in Cauris IV in 2025 (10 billion FCFA).
- GARI (Garantie des Investissements Privés en Afrique de l'Ouest)coreGARI is a guarantee fund co-created by BOAD with AFD, DEG, BEI, IFC, AfDB and others. Supports financing of private sector investments in ECOWAS member states as guarantees to banks and financial institutions.
- Fonds Agricole pour l'Afrique (FAA)minorFAA is a vehicle co-created by BOAD to finance agribusiness (cereal production, livestock, dairy, fruits, seeds, microfinance), with a technical assistance facility and adapted financing for farmers and cooperatives.
- Caisse Régionale de Refinancement Hypothécaire de l'UEMOA (CRRH-UEMOA)coreBOAD partners with CRRH-UEMOA to create favorable conditions enabling modest-income households to access real estate credit more easily, expanding homeownership and the construction of affordable housing.
Scale indicators26 records
Recent moves7 records
Expansion highlights7 records
West African Development Bank competitors and assessment
Company assessmentBroad incumbents
- African Development Bank (AfDB): Continental multilateral development bank headquartered in Abidjan; BOAD's shareholder and a direct co-financier on flagship West African projects (e.g., Bamako 225kV North Loop, Abidjan-Lagos Highway). Same product set (sovereign loans, project finance, climate funds) but a wider African mandate and a much larger balance sheet.
- European Investment Bank (EIB): EU's long-term lending arm and BOAD shareholder (Series B on behalf of the EU). EIB co-finances infrastructure and climate projects across WAEMU through BOAD lines and direct operations, providing benchmark pricing and EUR liquidity to the regional DFI ecosystem.
Direct peers
- ECOWAS Bank for Investment and Development (EBID): Regional multilateral development bank serving the broader ECOWAS community from Lomé. Closest direct peer to BOAD: same city, overlapping shareholder base, similar project-finance and SME-refinance toolkit, but ECOWAS rather than WAEMU focus.
- International Finance Corporation (IFC): World Bank Group's private-sector arm and a flagship counterparty (May 2026 €600M cross-currency swap; co-lending into Orange Mali, IFC-BOAD strategic session April 2026). Both institutions focus on private-sector and climate financing in emerging markets with DFI-grade balance sheets.
- Agence Française de Développement (AFD) / PROPARCO: French bilateral development agency; PROPARCO signed the €200M world-first EUR/XOF swap with BOAD in May 2026 and co-created GARI. AFD is a long-standing shareholder of BOAD and a co-financier across WAEMU, with a near-identical toolkit (sovereign lending, guarantees, equity, project finance).
- KfW Development Bank: German bilateral development bank; shareholder of BOAD and co-developer of the Digital Transformation Fund (FTD). KfW operates the same multilateral/private blend of sovereign, climate and SME financing that BOAD deploys in WAEMU.
- Trade and Development Bank (TDB): Eastern and Southern African multilateral trade and development bank; similar sized regional MDB with comparable product set (project finance, trade finance, syndicated lending, capital markets issuance). Useful peer for benchmarking BOAD's balance-sheet growth and capital-markets access.
- Nordic Development Fund (NDF): Joint Nordic multilateral climate and development finance institution; NDF and BOAD both work with the IDFC and GCF on climate-resilient projects. Comparable governance, capital base and concessional-window structure.
- Caisse Régionale de Refinancement Hypothécaire de l'UEMOA (CRRH-UEMOA): WAEMU regional mortgage refinancing institution; BOAD is a strategic partner of CRRH-UEMOA for housing finance. CRRH operates in the same currency and geography with an overlapping shareholder base, and is the natural counterparty for BOAD's planned housing subsidiary.
Others
- Fonds GARI (West African Private Investment Guarantee Fund): Guarantee fund co-created by BOAD with AFD, DEG, EIB, IFC and AfDB to back private-sector investment in ECOWAS. Same governance orbit as BOAD; complementary product (guarantees vs direct lending) and a strong signal of how BOAD partners structure the regional DFI ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
West African Development Bank social profiles
Digital presenceWest African Development Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
West African Development Bank leadership team
Management profileNumber of profiles
Profiles14 records
West African Development Bank subsidiaries and ownership
Company hierarchySubsidiaries7 records
West African Development Bank funding detail
Funding detailFunding overview
Funding rounds8 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
West African Development Bank M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about West African Development Bank
What does West African Development Bank do?
BOAD is the multilateral development bank of the 8 WAEMU (UEMOA) member states, extending short-, medium- and long-term loans, equity participations, guarantees (bond, interbank, negotiable securities), and financial advisory / financing arrangement services to sovereigns, public establishments, regional organizations, and private-sector promoters. It funds productive investments across industry, transport, mining, agro-industry, energy, infrastructure, real estate, telecoms, agribusiness, and tourism, and complements direct lending with securitization (BOAD Titrisation) and dedicated vehicles (FDE, FTD, CAURIS, GARI, FAA).
Is West African Development Bank a public or private company?
West African Development Bank is a private company. It is classified as state government owned and is currently operating.
When was West African Development Bank founded?
West African Development Bank was founded in 1973. It employs 251 to 500 people.
Where is West African Development Bank based?
West African Development Bank is headquartered in Lomé, Togo.
How does West African Development Bank make money?
Seven revenue lines are on record. Direct lending (short, medium, and long-term loans) is the primary driver. The others are equity participations (prise de participation), guarantee products (bond guarantees, interbank guarantees, negotiable debt securities), securitization operations (BOAD Titrisation), financing arrangement / intermediation services, capital markets debt issuance and interest rate subsidization (bonification d'intérêts).
Who are West African Development Bank's main competitors?
Broad incumbents on record are African Development Bank (AfDB) and European Investment Bank (EIB). Direct peers are ECOWAS Bank for Investment and Development (EBID), International Finance Corporation (IFC), Agence Française de Développement (AFD) / PROPARCO, KfW Development Bank, Trade and Development Bank (TDB), Nordic Development Fund (NDF) and Caisse Régionale de Refinancement Hypothécaire de l'UEMOA (CRRH-UEMOA). Fonds GARI (West African Private Investment Guarantee Fund) is listed as an others.
Does West African Development Bank have an API?
No public API is recorded for West African Development Bank.
What industry is West African Development Bank in?
West African Development Bank's product category is Multilateral Development Banking. Its primary akta.pro industry code is BPADACAC, National Development Banks & State Development Finance Institutions (DFIs), with a secondary code of FSAKAGAI, SBA/Government-Backed & Development Finance Loans. Its NAICS code is 522110 and its SIC code is 6021.