The African Development Bank Group (AfDB) has announced plans to construct a modern, state-of-the-art headquarters in Abidjan, Côte d’Ivoire, reaffirming its commitment to maintaining a strong presence in the country.

In a statement issued on Tuesday, the bank revealed that its Boards of Directors had unanimously approved the decision, emphasizing the need to provide a world-class work environment for its staff.

AfDB President, Dr. Akinwumi Adesina, received the title deed for the site of the new headquarters from Adama Koné, the Dean of the Bank’s Boards of Directors and Côte d’Ivoire’s executive director on the board.

“This marks a historic moment for the African Development Bank, for Côte d’Ivoire, and for Africa. It sends a clear message that the AfDB, as Africa’s premier financial institution, deserves a headquarters befitting its global reputation,” Adesina stated.

The new headquarters will be built on the site of the current facility in Abidjan and will feature energy-efficient design, advanced security systems, and modern facilities to enhance productivity and staff well-being. The structure will also align with the bank’s commitment to green growth and sustainability.

Adesina described the project as the realization of a vision he has pursued since assuming office in 2015, aimed at creating a workplace that reflects the aspirations of the bank and supports its mission to accelerate Africa’s development.

“This is a great day for the AfDB. The new building will enhance business operations, staff welfare, and provide a world-class workplace experience. It symbolizes our commitment to Africa’s growth and development,” he added.

The Dean of the Boards of Directors, Adama Koné, formally handed over the title deed approved by Côte d’Ivoire’s government, symbolizing the nation’s support for the project.

Adesina also expressed gratitude to Ivorian President Alassane Ouattara and the government for their continued backing, noting that the decision affirms the AfDB’s permanent presence in Côte d’Ivoire.

“This decision demonstrates the enduring partnership between the AfDB and Côte d’Ivoire, and we look forward to embarking on this landmark project with the government’s strong support,” Adesina said.

The new facility will also serve as a hub for engaging with shareholders and stakeholders, further solidifying the AfDB’s role as a leader in Africa’s financial and developmental landscape.