Afrexim Bank House, Kampala
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.
Location
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). 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.
Overview
Afrexim Bank maintains headquarters in Cairo, Egypt. The bank also maintains five regional branches at Abidjan, Abuja, Harare, Kampala and Yaounde. 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.
The headquarters were opened in late 2019, after agreements were signed between the bank and Ugandan government officials. The interim, temporary offices are located at Rwenzori Towers, off of Nakasero Road, in Kampala.
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.
Construction
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.
See also
References
- ^ Afrexim Bank (30 December 2022). "Afrexim Bank Members: East Africa Region". Afrexim Bank. Cairo, Egypt. Retrieved 1 July 2023.
- ^ 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.
- ^ 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