Agenda | May 23,2021
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]
Agenda | May 23,2021
Fortune News | Apr 02,2022
Commentaries | Nov 13,2021
Fortune News | May 21,2022
Films Review | Oct 26,2019
Fortune News | Jun 19,2021
Commentaries | May 08,2021
Fortune News | May 04,2019
Radar | Mar 26,2022
Fortune News | Feb 26,2022
July 2 , 2022 . By RUTH TAYE
On a rainy afternoon last week, a coffee processing facility in the capital's Akaki-Qality District was abuzz with activ...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...
When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...
October 1 , 2022
The foreign exchange market is seeing a war of attrition, with the Dollar gradually t...
September 24 , 2022
Look no further than the flower industry to appreciate the importance of the European...
September 17 , 2022
The debate shortly after the Council of Ministers nodded a bill to open the financial...
September 10 , 2022
Ethiopia's policymakers and wonks began planning the economy and directing its course...
PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize
May 6 , 2019
There is the view that women should either have to shave off a couple of years (or a decade) from their age or not say at all how old they a...
Or see contact page