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]
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.
Design
The building will be 198 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 will 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 will be the tallest building in Ethiopia upon completion.[3][5]
^ abcBarnes, Robert (6 May 2015). "Ethiopia: CSCEC to build a new headquarters for CBE". Construction Review Online. Retrieved 26 September 2018.
^ abMarsh, 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.
^ abcTegegne, Elias (9 November 2019). "City Administration to Allocate Land to Banks Without Bid". Addis Fortune. Retrieved 2 October 2020.
^ abcdefghKassa, Lucy (29 June 2015). "CBE Lays Cornerstone of Impressive New Headquarters". Addis Fortune. Retrieved 2 October 2020.
^ abNkirote, Miriam (1 January 2021). "CBE Tower: Inside Ethiopia's tallest building in Addis Ababa". Construction Kenya. Retrieved 25 January 2021.
^Yewondwossen, Muluken (2 April 2018). "Hard Times for Hard Currency". Capital. Retrieved 25 January 2021.
^Schipani, Andres (3 November 2020). "Ethiopia takes small steps towards bank liberalisation". Financial Times. Retrieved 25 January 2021.
^Account (2022-02-13). "Ethiopia's tallest building Commercial Bank skyscraper inaugurated". Borkena Ethiopian News. Retrieved 2022-10-01.
January 07, 2023
commercial, bank, ethiopia, headquarters, skyscraper, addis, ababa, ethiopia, that, completed, february, 2022, became, tallest, building, ethiopia, serves, headquarters, state, owned, commercial, bank, ethiopia, country, largest, bank, also, tallest, building,. 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 Commercial Bank of Ethiopia HeadquartersThe skyscraper in January 2021 General informationStatusCompletedTown or cityAddis Ababa EthiopiaCoordinates9 01 00 N 38 45 16 E 9 0165513 N 38 7543284 E 9 0165513 38 7543284 Coordinates 9 01 00 N 38 45 16 E 9 0165513 N 38 7543284 E 9 0165513 38 7543284GroundbreakingOctober 2015Topped out11 November 2018CostETB 5 3 billion US 303 million OwnerCommercial Bank of EthiopiaHeight209 mTechnical detailsFloor count53Floor area150 000 sq mDesign and constructionArchitecture firmHenn GmbHMain contractorChina State Construction Engineering Corporation Contents 1 History 2 Site 3 Design 4 See also 5 ReferencesHistory EditConstruction 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 EditThe 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 Design EditThe building will be 198 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 will 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 will be the tallest building in Ethiopia upon completion 3 5 See also EditList of tallest buildings in AfricaReferences Edit a b c Barnes Robert 6 May 2015 Ethiopia CSCEC to build a new headquarters for CBE Construction Review Online Retrieved 26 September 2018 a b 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 a b c Tegegne Elias 9 November 2019 City Administration to Allocate Land to Banks Without Bid Addis Fortune Retrieved 2 October 2020 Ethiopia s tallest buildings Top 20 Archived from the original on May 11 2015 a b c d e f g h Kassa Lucy 29 June 2015 CBE Lays Cornerstone of Impressive New Headquarters Addis Fortune Retrieved 2 October 2020 a b Nkirote Miriam 1 January 2021 CBE Tower Inside Ethiopia s tallest building in Addis Ababa Construction Kenya Retrieved 25 January 2021 Yewondwossen Muluken 2 April 2018 Hard Times for Hard Currency Capital Retrieved 25 January 2021 Schipani Andres 3 November 2020 Ethiopia takes small steps towards bank liberalisation Financial Times Retrieved 25 January 2021 Account 2022 02 13 Ethiopia s tallest building Commercial Bank skyscraper inaugurated Borkena Ethiopian News Retrieved 2022 10 01 Retrieved from https en wikipedia org w index php title Commercial Bank of Ethiopia Headquarters amp oldid 1113512690, wikipedia, wiki, book, books, library,
