EBRD makes €99.1 million loan to modernise mining sector in Côte d’Ivoire and Senegal

• Financing will improve mining services operations at three sites in Côte d’Ivoire and Senegal
• Investments in new machinery will reduce fuel consumption and emissions
• Additional €200,000 technical cooperation programme will support women's participation in the mining sector

The European Bank for Reconstruction and Development (EBRD) is providing a €99.1 million (US$ 111 million equivalent) loan to Mota-Engil Africa to support mining services operations in Côte d’Ivoire and Senegal.

Mota-Engil Africa is one of Africa's leading engineering, construction and mining services companies, and works on major mining and infrastructure projects across the continent.

The EBRD's investment will help finance purchases of modern equipment, support working capital requirements and refinance recent investments at three mines in Côte d’Ivoire and Senegal. This will help improve productivity, strengthen operational capacity and enhance the sustainability of mining operations.

Replacing older equipment with newer, more environmentally friendly machinery will lower fuel consumption and reduce greenhouse gas emissions.

As part of the EBRD agreement, Mota-Engil Africa will also make a strategic investment in developing local human capital. This will include enhancing the skills of its workforce and establishing nationally accredited technical training programmes in partnership with educational institutions in Côte d’Ivoire and Senegal. The programmes will equip participants with the technical skills required by the modern mining industry, strengthen the pipeline of qualified talent and expand access to quality employment opportunities.Mota-Engil Africa will also implement targeted measures to increase women’s participation across the sector, including initiatives to recruit, retain and advance women in technical, operational and leadership positions.

Both workstreams will be supported by a €200,000 technical cooperation programme provided by the EBRD under its Gender and Economic Inclusion Framework.

The EBRD began investing in sub-Saharan Africa in 2025. The Bank has so far invested more than €620 million across Benin , Côte d’Ivoire, Kenya , Nigeria  and Senegal , supporting private-sector growth, financial institutions, infrastructure, energy, natural resources, telecommunications and agribusiness.