EBID supports agricultural transformation in The Gambia with USD 10.04 million financing for G Farms Limited

The ECOWAS Bank for Investment and Development (EBID) and G Farms Limited have signed a facility agreement on 28 July 2026 for USD 10.04 million to support the acquisition of equipment and the expansion of the company’s operations in The Gambia.

The project will strengthen G Farms Ltd’s poultry and dairy value chains by increasing the number of laying hens from 120,000 to 500,000, scaling broiler production from 651,146 to more than 3.2 million birds and raising day-old chick production from 3.3 million to 5.5 million units by 2035. It will also expand dairy operations by increasing the herd size from 110 to 2,500 cattle and boosting feed production capacity to 10 tonnes per hour. The project is expected to increase domestic food production, create employment opportunities, strengthen agricultural value chains, and reduce dependence on imports.

Speaking at the signing ceremony, Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, indicated that the investment reflected the Bank’s commitment to strengthening food security, supporting private sector growth, and creating sustainable economic opportunities across West Africa. He expressed confidence that the expansion of G Farms Ltd would generate significant and lasting benefits for The Gambia’s economy and agricultural sector.

Ms Zuzana Zatkova of the Financial Inclusion Division, International Partners Department at the European Investment Bank (EIB), highlighted that the EIB’s partnership with EBID supports investments that enhance food security, create jobs, and promote sustainable agricultural development in West Africa. She noted that the project demonstrated how strategic financing could help unlock the region’s agricultural potential while delivering tangible benefits to local communities.

Welcoming the partnership, the Managing Director of G Farms Ltd, Mr Muhammad Sanyang, indicated that the financing represented a significant milestone for the company, positioning it to scale up production, improve operational performance, and respond to growing market demand for quality poultry and dairy products in The Gambia. He added that the project would play an important role in supporting national food security objectives and fostering rural development.

Beyond increasing domestic production, the project is expected to generate significant socio-economic benefits, including job creation, higher incomes for value chain actors, and greater resilience in The Gambia’s agricultural sector. It will also improve food security and affordability while supporting inclusive economic growth.

Through this investment, EBID continues to advance its Growth, Resilience and Optimisation (GRO) Strategy by financing transformative agribusiness projects that promote agricultural modernisation, economic diversification, and sustainable development across West Africa.