Commercial Bank of Ethiopia Headquarters

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StatusCompleted
Coordinates9°01′00″N 38°45′16″E / 9.0165513°N 38.7543284°E / 9.0165513; 38.7543284
GroundbreakingOctober 2015
Commercial Bank of Ethiopia Headquarters
The CBE Building in 2024
Interactive map of Commercial Bank of Ethiopia Headquarters
General information
StatusCompleted
LocationAddis Ababa, Ethiopia
Coordinates9°01′00″N 38°45′16″E / 9.0165513°N 38.7543284°E / 9.0165513; 38.7543284
GroundbreakingOctober 2015
Topped-outNovember 11, 2018
CompletedFebruary 13, 2022; 3 years ago (February 13, 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 February 13, 2022, and became the tallest building in Ethiopia. The building is 209.3 m (687 ft) tall and serves as the headquarters of the state-owned Commercial Bank of Ethiopia, the country's largest bank. It is also the tallest building in all of East Africa, and the tallest in Sub-Saharan Africa outside of South 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 June 27, 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 January 19, 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

See also

References

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