Commercial Bank of Ethiopia Headquarters

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Commercial Bank of Ethiopia Headquarters
Abenezer shewag addis 001.jpg
The CBE Building to the left
Commercial Bank of Ethiopia Headquarters
General information
StatusCompleted
Town or city Addis Ababa, Ethiopia
Coordinates 9°01′00″N38°45′16″E / 9.0165513°N 38.7543284°E / 9.0165513; 38.7543284
GroundbreakingOctober 2015
Topped-out11 November 2018
Completed13 February 2022;23 months ago (13 February 2022)
Cost ETB 5.3 billion (US$303 million)
Owner Commercial Bank of Ethiopia
Height209 m
Technical details
Floor count53
Floor area150,000 sq m
Design and construction
Architecture firm Henn GmbH
Main contractor China State Construction Engineering Corporation

The Commercial Bank of Ethiopia Headquarters is a skyscraper in Addis Ababa, Ethiopia that was completed on 13 February 2022 and became the tallest building in Ethiopia. It serves as the headquarters of the state-owned Commercial Bank of Ethiopia, the country's largest bank. It also is the tallest building in all of East Africa. [1] [2] [3] [4]

Contents

History

Construction commenced in 2015 under a 5,300,000,000 Ethiopian birr deal with the China State Construction Engineering Corporation. [3] [5] The foundation stone was laid on 27 June 2015. [5] The building was then topped out in the second half of 2019. [6] Cladding work however has been delayed due to the foreign currency shortage in Ethiopia [6] that made it harder for local businesses to fund imports, thus, affected the bank's financial [7] as it still controlled most of the country's banking activities in 2020. [8]

The building was originally scheduled to be completed on 19 January 2019. [5] As of August 2018, construction of the building is scheduled to be completed in 2020. [2]

In February 2022, the building was officially inaugurated to coincide with the 80th anniversary of the Commercial Bank of Ethiopia. [9]

Site

The building site is an 18,000 meter plot on Ras Desta Damtew Road in Addis Ababa. [5]

The CBE headquarters skyscraper (tallest building) visible in the top-right corner of the city's skyline. Addis abeba meskele square (cropped).jpg
The CBE headquarters skyscraper (tallest building) visible in the top-right corner of the city's skyline.

Design

The building is 209 meters tall with 46 stories, two 5-story podiums, and 20-metre deep underground parking lots. [1] [5] The building design includes 46 above-ground floors, a mezzanine level, a ground floor, and 4 basement levels. [5] The building have 150,000 square meters of floor area. [1]

Its design includes eight conference halls, an emergency waiting room for disasters, two restaurants on the top two floors, and a sightseeing tower. [5]

It is the tallest building in Ethiopia and East Africa. [3] [5]

See also

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References

  1. 1 2 3 Barnes, Robert (6 May 2015). "Ethiopia: CSCEC to build a new headquarters for CBE". Construction Review Online. Retrieved 26 September 2018.
  2. 1 2 Marsh, Jenni (August 2018). "Employed by China". CNN. The Commercial Bank of Ethiopia will be the tallest building in Ethiopia when completed by China State Construction Engineering Corporation in 2020.
  3. 1 2 3 Tegegne, Elias (9 November 2019). "City Administration to Allocate Land to Banks Without Bid". Addis Fortune . Retrieved 2 October 2020.
  4. ↑ "Ethiopia's tallest buildings - Top 20". Archived from the original on May 11, 2015.
  5. 1 2 3 4 5 6 7 8 Kassa, Lucy (29 June 2015). "CBE Lays Cornerstone of Impressive New Headquarters". Addis Fortune . Retrieved 2 October 2020.
  6. 1 2 Nkirote, Miriam (1 January 2021). "CBE Tower: Inside Ethiopia's tallest building in Addis Ababa". Construction Kenya. Retrieved 25 January 2021.
  7. ↑ Yewondwossen, Muluken (2 April 2018). "Hard Times for Hard Currency". Capital . Retrieved 25 January 2021.
  8. ↑ Schipani, Andres (3 November 2020). "Ethiopia takes small steps towards bank liberalisation". Financial Times . Retrieved 25 January 2021.
  9. ↑ Account (2022-02-13). "Ethiopia's tallest building Commercial Bank skyscraper inaugurated". Borkena Ethiopian News. Retrieved 2022-10-01.
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