ECOWAS Bank for Investment and Development (EBID) sets up fallback site in Cape Verde
Ouagadougou, Burkina Faso (PANA) - The President of the ECOWAS Bank for Investment and Development (EBID), George Agyekum Donkor, has signed a "historic agreement" with the Cabo Verdean company, Nucleo Operacional da Sociedade de Informacao (NOSI), for the hosting of the Bank's first fallback site, an official source said.
According to an EBID press release issued here Monday, the ceremony took place in the presence of the Deputy Prime Minister, Minister of Finance and Enterprise Development and Minister of Digital Economy of the Republic of Cabo Verde, Olavo Avelino Garcia Correia, whose wise leadership made the signing of this agreement possible.
The EBID president stressed that the signing of this agreement would enable EBID to fully implement its data backup system, a project that is an integral part of EBID's Business Continuity Plan, approved on 2 July 2020 by the Bank's Board of Directors.
In addition, Mr. Donkor indicated that the decision to entrust Cape Verde and NOSI with the hosting of the Bank's first fallback site was taken in full confidence and with utmost transparency, according to the communiqué.
It also indicated that a high-level evaluation mission had clearly attested to the reliability of NOSI's facilities, which meet the most stringent quality criteria in this area.
NOSI has more than 20 years of experience in the field of digital management, both in national and international markets. It develops innovative digital archiving solutions.
According to EBID, the choice of Cape Verde for the implementation of this project was justified by the level of electrification, quality of the power supply, political stability, quality of logistics services, average ICT development index and the overall quality of the country's infrastructure.
The signing ceremony took place on the margins of the International Partners Conference organized by the Republic of Cape Verde to present its Strategic Plan for Sustainable Development 2022-2026 (NDEP II) to its partners.
The NDEP II focuses on the transformation of the Cabo Verdean economy into a digital economy, a regional telecommunications hub, a regional centre of innovation, entrepreneurship and excellence and a regional reference market.
The EBID is a leading regional investment and development bank established by the 15 member-states of ECOWAS. Based in Lomé, Togo, the Bank is committed to financing development projects and programmes in the areas of infrastructure and basic facilities, rural development and environment, industry, and social and service sectors through its private and public sector windows.
-0- PANA TNDD/JSG/BBA/RA 8May2023
