Afrexim Bank House, Kampala

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Coordinates: 00°19′18″N 32°35′15″E / 0.32167°N 32.58750°E / 0.32167; 32.58750
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Afrexim Bank House, Kampala
Afrexim Bank House, Kampala is located in Kampala
Afrexim Bank House, Kampala
Location within Kampala
General information
TypeMixed Use
LocationNakasero, Kampala, Uganda
Coordinates00°19′18″N 32°35′15″E / 0.32167°N 32.58750°E / 0.32167; 32.58750
Construction startedH2 2023 (Expected)
Completed2027 (Expected)
CostUS$150 mullion

Afrexim Bank House, Kampala, also Kampala Afreximbank Africa Trade Centre (Kampala AATC), is a planned building in

Eastern Africa region, covering 14 countries: Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Mauritius, Rwanda, Somalia, Sudan, South Sudan, Seychelles, Tanzania and Uganda.[1]

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.[2]

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).[3] 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.[4]

Overview

Yaounde.[5] 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.[6]

The headquarters were opened in late 2019, after agreements were signed between the bank and Ugandan government officials.[7][8] The interim, temporary offices are located at Rwenzori Towers, off of Nakasero Road, in Kampala.[5]

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.[9]

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.[2]

See also

References

  1. Afrexim Bank
    . Cairo, Egypt. Retrieved 1 July 2023.
  2. ^
    Afrexim Bank
    . Cairo, Egypt. Retrieved 1 July 2023.
  3. ^ Ali Twaha (10 January 2023). "Afrexim Bank Seeks Partners In Sh370 Billion Project In Kampala". New Vision. Kampala, Uganda. Retrieved 28 May 2024.
  4. ^ Muhamadi Matovu (5 October 2022). "Afrexim Bank acquires land for regional offices in Kampala". Nile Post Uganda. Kampala, Uganda. Retrieved 1 July 2023.
  5. ^
    Afrexim Bank
    . Cairo, Egypt. Retrieved 1 July 2023.
  6. ^ Brian Ngugi (12 September 2019). "Pan-African lender dumps Nairobi for Kampala HQ". Business Daily Africa. Nairobi, Kenya. Retrieved 1 July 2023.
  7. ^ New Vision (21 September 2019). "Museveni, Obasanjo Witness Signing of Afri-Exim Bank Agreements". New Vision. Kampala, Uganda. Retrieved 1 July 2023.
  8. ^ The Independent (21 September 2019). "Uganda To Host AFREXIM East African Regional Bank Office". The Independent. Kampala, Uganda. Retrieved 1 July 2023.
  9. ^ 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


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