ECOWAS Bank for Invest­ment and Development (EBID) has been adjudged the 'Financial Institution of the Year', Africa category, at the just-ended Africa Sustainability Awards held at the Accra Interna­tional Conference Centre.

The Africa Sustainability Awards scheme is an initiative that honours individuals, organisations, business­es, non-governmental organisa­tions and government bodies that demonstrate a high commitment to sustainable practices.

Receiving the award on behalf of the Bank President and Board Chairman of the EBID, Dr George Agyekum Donkor, emphasised the bank's commitment to climate issues and sustainable development projects.

He revealed that the Europe­an Investment Bank (EIB) had provided EBID with £1,000,000 in order to enhance the regional bank's climate-related and sustain­able development initiatives.