The African Development Bank Group has officially launched construction of its Zambia office in Lusaka, marking a major milestone in its 54-year relationship with Zambia. The African Development Bank Zambia office construction project began with a groundbreaking ceremony on Friday, attended by top government officials, diplomats, development partners, and private sector leaders.
Growing Presence and Investment
The Bank first opened a temporary office in Zambia in 2007 with only four staff members. Since then, its presence has grown significantly, now employing 20 permanent staff and managing a $1 billion active portfolio. Over the years, the Bank has invested a total of $2.7 billion in various sectors across the country.
Eco-Friendly and Future-Focused Design
The new African Development Bank office building, set for completion in 2027, will be a modern, eco-friendly facility designed with sustainability and staff wellness in mind. Features will include low energy consumption systems, wastewater recycling, spacious green areas, conferencing facilities, and wellness amenities. The African Development Bank Zambia office construction is expected to enhance local infrastructure and set a new standard for smart office buildings in the region.
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Government Welcomes Long-Term Commitment
Speaking at the ceremony, Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, highlighted the importance of the development. “This is more than a groundbreaking — it’s a strong vote of confidence in our nation, our leadership, and our people,” he said. Dr. Musokotwane also extended appreciation to the Bank for its continued support and financial contributions to Zambia’s growth.
Boost to the Local Economy
Also in attendance were African Development Bank Vice President Nnenna Nwabufo and Director of Real Estate Management Gail Meakin, along with other senior figures. The African Development Bank Zambia office construction is expected to create jobs and stimulate business activity during both its building phase and long-term operations. This project reinforces the Bank’s commitment to Zambia and strengthens its regional presence.
