Côte d’Ivoire: BOAD Grants 37 Billion FCFA to Relaunch a Major Social Housing Program
The ratification of a 37-billion-FCFA loan granted by BOAD marks a new step in Côte d’Ivoire’s program for the construction of social and affordable housing. This financing aims to accelerate the delivery of 4,300 housing units in several cities across the country, helping ease pressure on a real estate market currently under strain.
The 37-billion-FCFA loan granted to Côte d’Ivoire by the West African Development Bank (BOAD) was ratified on December 3, 2025. The agreement will finance the third phase of a program to build social and economic housing units in Abidjan, Yamoussoukro, and Bouaké, with the objective of addressing the country’s housing deficit.
By approving the agreement during the December 3, 2025 Council of Ministers, the government gives renewed momentum to a national policy that has been working for years to reduce the significant housing shortage. The State is relying on this funding to advance the third phase of a program designed to offer decent and financially accessible homes to Ivorian households, in a context of rapid urbanization.
The loan will specifically support construction projects in Abidjan, Yamoussoukro, and Bouaké, where urban expansion has made access to affordable housing increasingly urgent. In Abidjan, more than 2,000 units are planned for the PK24 site. In Yamoussoukro, the program includes more than 400 units, while in Bouaké, the construction of over 1,500 social housing units is expected to help accommodate the region’s growing population.
BOAD’s support comes at a time when housing demand far exceeds the available supply. This imbalance has driven prices up and made homeownership more difficult for many low- and middle-income households. Authorities hope this new phase will help progressively rebalance the market by delivering buildings that meet standards of quality, habitability, and sustainability.
This social and economic housing project is part of a broader strategy to strengthen urban development by supporting the construction of social housing nationwide. The next steps will involve mobilizing developers, advancing site servicing works, and launching the first units. The government says it intends to stay on course to ensure that this financing quickly translates into tangible improvements in the living conditions of the targeted populations.
