Fortune News | Jul 11,2021
Melaku Kebede (leftmost), president of Hibret Bank, was all smiles late last week as he showed off to President Sahle-Work Zewde and Yinager Dessie (PhD), governor of the National Bank of Ethiopia (NBE), the new headquarters of one of the largest banks in Ethiopia. It is the latest shiny, slick building to dot the financial district in the Senga Terra area, a.k.a the Wall Street of Addis Abeba.
Built over six years with 2.8 billion Br, Hibret Bank hired a local consultant, Eskinder Architects, and China Jiangsu International Economic Technical Cooperation Group to get the job done. At 37 storeys high, Hibret and Nib Bank (inaugurated last September) stand as the tallest finished buildings in Ethiopia. They will eventually lose this tribute to the headquarters of the state-owned Commercial Bank of Ethiopia (CBE) when it officially inaugurates what will be the country’s first skyscraper, which is generally buildings with over 40 storeys.
The 25-year old Hibret Bank has been undergoing a facelift over the past few years. It adopted a new logo two years ago, featuring hands interlocking to convey the essence of hibret, translated to unity. Like the headquarters on and around Ras Abeba Aregay Street, other banks have also been in a flurry to update their brands, products and services to attract customers in an increasingly competitive industry. The building binge will continue after this, with Zemen and the CBE in the finishing stages of their multibillion Birr headquarters. There are further plans to start new skyscrapers. Awash is planning a second headquarters that will rival the CBE’s height while the Bank of Abyssinia has awarded a Chinese contractor for building a 60-storey, 400 million dollar skyscraper.
PUBLISHED ON
Jan 15,2022 [ VOL
22 , NO
1133]
Fortune News | Jul 11,2021
Radar | Nov 12,2022
Agenda | Mar 19,2022
Featured | Jan 11,2020
Radar | Jul 31,2021
Radar | Nov 27,2021
Featured | Mar 26,2022
Addis Fortune | Feb 14,2022
My Opinion | Jul 18,2021
Viewpoints | Jun 22,2019
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Feb 23 , 2025
Africa is a place where the frustrations of its elites run high due to what they feel...
Feb 16 , 2025
Madame Kristalina Georgieva, managing director of the International Monetary Fund (IM...
Feb 9 , 2025
This week, the African Union's (AU) annual summit in Addis Abeba is set to be more th...
Feb 1 , 2025
Urban renewal is seldom gentle to those on the receiving end of redevelopment. Take s...
Loading your updates...