Federation of West African Chambers of Commerce and Industry

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The Federation of West Africa Chambers of Commerce was set-up around 1970s by the presidents of the 15 chambers of commerce of the West African region with a view to giving the business community of the region a voice and a tool to foster development and reduce poverty.

To translate that vision into reality, the founding members of FEWACCI set to create transnational corporations, which would have presence in all ECOWAS member countries and whose capital would be built by nationals of all 15 member countries.

It was in that context and in recognition of the important role that access to finance plays in the growth of businesses that the FEWACCI founding fathers thought that the first transnational corporation to establish should be a regional bank, that would understand the need of the people and that would dedicate itself to meeting those needs.
Thus they promoted and set-up the first West African bank, ECOBANK Transnational, which today has grown to be one of the leading banks in Africa as its operations and reach have gone beyond the confines of the West African Region.
FEWACCI is currently promoting a regional maritime company, the West Africa Sealink Company to provide reliable and affordable maritime transport services to business operators.

FEWACCI advocates on behalf of the private sector of the ECOWAS region for:

  1. 1. A greater involvement of the private sector in policy making decisions
    2. Improvement of the business climate for the development of private investment
    3. Public-private partnership in the development of projects and more particularly, regional projects covering more than one ECOWAS-member country, such as roads, railways, etc.
    4. Institutionalised public-private dialogue
    5. Good corporate governance
    FEWACCI is also active in capacity building for its members through the organization of seminars, workshops and offers various platforms for members to exchange ideas and share experiences.
    FEWACCI is a democratic institution with a six-member Bureau elected for a two-year term renewable only once. The Bureau reports to the General Assembly and appoints the management team who run the secretariat in Abuja, Nigeria.

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