Commercial Bank of Ethiopia Headquarters
The CBE Building to the left
General information
StatusCompleted
Town or cityAddis Ababa, Ethiopia
Coordinates9°01′00″N 38°45′16″E / 9.0165513°N 38.7543284°E / 9.0165513; 38.7543284
GroundbreakingOctober 2015
Topped-out11 November 2018
Completed13 February 2022 (13 February 2022)
CostETB 5.3 billion (US$303 million)
OwnerCommercial Bank of Ethiopia
Height209 m
Technical details
Floor count53
Floor area150,000 sq m
Design and construction
Architecture firmHenn GmbH
Main contractorChina 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]

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]

Skyline of Addis Ababa, Ethiopia, showing the city's numerous buildings and skyscrapers, including the Commercial Bank of Ethiopia Headquarters at the top-right.
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 52 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

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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