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Construction of affordable housing: IFC finances its first real estate project in Côte d'Ivoire

12/03/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The International Finance Corporation (IFC) announced on Monday, March 10, 2025, that it had granted Côte d'Ivoire a loan in local currency equivalent to $27 million to support the construction of affordable housing.

Le premier financement directly from the SFI to a real estate developer in West Africa will benefit the company Douja Promotion Groupe AdDoha Côte d'Ivoire (AdDoha CIV), a subsidiary of groupe marocain Addoha . The objective of this loan is to build and deliver 5,600 affordable homes in the Greater Abidjan region. 4600 units are planned for middle- and lower-income households, while a thousand will target low-income families. At the end of this program, more than 23,000 people will benefit from decent housing, thus helping to reduce the housing shortage that is particularly affecting this region.

A en croire le President of the National Chamber of Approved Developers and Builders of Côte d'Ivoire, Siriki Sangaré Côte d'Ivoire faces a housing deficit estimated at more than 830,000 units, a figure that increases from 40,000 to 50,000 units per year.

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