Afrexim Bank House, Kampala
| Afrexim Bank House, Kampala | |
|---|---|
  Location within Kampala | |
| General information | |
| Type | Mixed Use |
| Location | Nakasero, Kampala, Uganda |
| Coordinates | 00°19′18″N 32°35′15″E / 0.32167°N 32.58750°E |
| Construction started | November 2024[1] |
| Completed | Q4 2027 (Expected) |
| Cost | US$150 mullion |
Afrexim Bank House, Kampala, also Kampala Afreximbank Africa Trade Centre (Kampala AATC), is a building under construction in Uganda, that will serve as the regional headquarters of Afrexim Bank's Eastern Africa region, covering 14 countries: Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Mauritius, Rwanda, Somalia, Sudan, South Sudan, Seychelles, Tanzania and Uganda.[2]
The building will host the Afreximbank Africa Trade Centre (AATC), for Eastern Africa. This comprises the permanent headquarters of the regional office, a five-star hotel, a business information centre, a conference centre and a technology incubation hub. The Kampala AATC is also expected to host offices of other global, continental and regional development and financial institutions.[3]
Location
[edit]The building is planned to sit on a piece of land in Nakasero, in the Central Division of Kampala, the capital and largest city in the country. The piece of land measures 2.43 acres (0.98 ha).[4] The land was a donation from the Ugandan government to Afrexim Bank, for the purpose of building the bank's regional headquarters for the bank's Eastern Africa region.[5]
Overview
[edit]Afrexim Bank maintains headquarters in Cairo, Egypt. The bank also maintains five regional branches at Abidjan, Abuja, Harare, Kampala and Yaounde.[6] The bank's Eastern Region headquarters were originally planned to be located in Nairobi, Kenya. However, after a three-year delay in obtaining Kenyan authorization, the bank switched to Kampala, Uganda.[7]
The headquarters were opened in late 2019, after agreements were signed between the bank and Ugandan government officials.[8][9] The interim, temporary offices are located at Rwenzori Towers, off of Nakasero Road, in Kampala.[6]
To expedite the establishment of permanent headquarters, the government of Uganda donated land along Yusuf Lule Road, in Kampala for the bank to build its regional offices.[10]
Construction
[edit]Construction is expected to start once the feasibility studies and architectural plans are finalized and approved. The construction is planned to cost about US$120 to US$150 million.[3] Construction began in November 2024 and is expected to conclude in 36 months.[1]
See also
[edit]References
[edit]- ^ a b "New Market Information Data Centre To Be Built In Kampala" (YouTube Video). NTV Uganda. Kampala, Uganda. 27 November 2024. Retrieved 29 November 2024.
- ^ Afrexim Bank (30 December 2022). "Afrexim Bank Members: East Africa Region". Afrexim Bank. Cairo, Egypt. Retrieved 1 July 2023.
- ^ a b Afrexim Bank (7 October 2022). "Ugandan Government grants land to Afreximbank for the construction of the Afreximbank Africa Trade Centre in Kampala". Afrexim Bank. Cairo, Egypt. Retrieved 1 July 2023.
- ^ Ali Twaha (10 January 2023). "Afrexim Bank Seeks Partners In Sh370 Billion Project In Kampala". New Vision. Kampala, Uganda. Retrieved 28 May 2024.
- ^ Muhamadi Matovu (5 October 2022). "Afrexim Bank acquires land for regional offices in Kampala". Nile Post Uganda. Kampala, Uganda. Retrieved 1 July 2023.
- ^ a b Afrexim Bank (29 June 2023). "Our Presence & Contacts". Afrexim Bank. Cairo, Egypt. Retrieved 1 July 2023.
- ^ Brian Ngugi (12 September 2019). "Pan-African lender dumps Nairobi for Kampala HQ". Business Daily Africa. Nairobi, Kenya. Retrieved 1 July 2023.
- ^ New Vision (21 September 2019). "Museveni, Obasanjo Witness Signing of Afri-Exim Bank Agreements". New Vision. Kampala, Uganda. Retrieved 1 July 2023.
- ^ The Independent (21 September 2019). "Uganda To Host AFREXIM East African Regional Bank Office". The Independent. Kampala, Uganda. Retrieved 1 July 2023.
- ^ George Asiimwe (3 October 2022). "Gov't Gives Land to Afrexim Bank to Set up Its Regional Headquarters". ChimpReports. Kampala, Uganda. Retrieved 1 July 2023.
External links
[edit]
