The European Bank for Reconstruction and Development (EBRD) is extending a €99.1 million loan, equivalent to US$111mn, to Mota-Engil Africa to support its mining services operations in Côte d’Ivoire and Senegal
Mota-Engil Africa is a leading engineering, construction and mining services company operating across the continent, with involvement in major mining and infrastructure projects.
The financing will cover the acquisition of modern equipment, working capital needs and the refinancing of recent investments at three mines in Côte d’Ivoire and Senegal. The funding is intended to boost productivity, expand operational capacity and improve the sustainability of mining activities.
Replacing ageing machinery with newer, more environmentally friendly equipment is expected to reduce fuel consumption and greenhouse gas emissions.
The agreement also includes a commitment by Mota-Engil Africa to invest in local workforce development. Plans include strengthening employee skills and introducing nationally accredited technical training programmes in collaboration with educational institutions in Côte d’Ivoire and Senegal. The initiatives will provide participants with skills relevant to the modern mining industry, build a stronger pool of qualified workers and widen access to quality employment.
Mota-Engil Africa will also introduce targeted initiatives to increase women’s participation in the sector, focusing on recruitment, retention and career progression in technical, operational and leadership roles.
The two areas of work will receive support from a €200,000 (approx. US$224,000) technical cooperation programme provided by the EBRD through its Gender and Economic Inclusion Framework.
The EBRD began investing in sub-Saharan Africa in 2025. To date, it has committed more than €620 million (approx. US$694 million) across Benin, Côte d’Ivoire, Kenya, Nigeria and Senegal. Its investments support private-sector development, financial institutions, infrastructure, energy, natural resources, telecommunications and agribusiness.
EBRD provides US$111mn loan for African mining operations
Mota-Engil Africa to Upgrade Mining Equipment and Workforce Skills. (Image source: EBRD)
