The Cooperative Bank of Oromia (COOP) has signed Dar Al-Handas, an international consultancy firm, for the construction of its 40-story building in Addis Abeba's financial district, around National Theater, Senga Tera area. The building is expected to avail spaces for offices, business spots, and entertainment areas. With 300 million Br paid-up capital, the bank is undertaking the construction of multi-purpose building projects in Waliso, Nekemt, Bishoftu, Harar, and Jimma. COOP has plans to erect its HeadQuarter in Addis Abeba. The city's Land Development & Management Bureau under the management of Jemal Aliye, granted 1.2 hectares of plot, three months back, for the construction of its headquarters. The Bank submitted its request a year ago, planning to erect a 70-story skyscraper. The bank has managed to expand its branch offices to over 567, with 11,500 staff members, securing 9 million customers since its establishment in 2004.
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