Ivory Coast seeks proven foreign partners to solve housing challenges

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Ivory Coast will turn to international operators able to build thousands of houses yearly to solve its social housing challenges, Urban Minister, Bruno Nabagné Koné has said.

“The government will hire international operators with proven financial and technical ability to build 10,000 to 20,000 houses yearly,” the minister indicated during a forum in Abidjan.

Mr. Koné also revealed that a long-term social housing funding mechanism would be elaborated and mortgage loans’ access facilitated.

According to him, by boosting the social housing programme, the government wants to catch up with the delay accumulated in the implementation of the programme.

“Conditions are now created to revive the social housing programme, which is part of the urgent projects in the government’s 2019-2020 social programme,” he added.

So far 10,249 housing units have been completed in the framework of the programme as at November 2018. This represents only 10% from a 150,000-initial target.

From 400,000 in 2012, Ivory Coast’s housing gap rose to 600,000 units in 2018. The yearly deficit is estimated at 200,000 units.

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