CBE inaugurates east Africa’s tallest HQ

Commercial Bank of Ethiopia (CBE) inaugurates the nation’s tallest headquarter today in conjunction with celebrating its 80 year-diamond anniversary with the presence of the bank’s president, board members and higher government officials.
The new headquarter which has taken 5 years and 11 months to complete is said to be the tallest skyscraper in east Africa and the third tallest in Africa.
The new headquarter which was built at a cost of 303.5 million USD, china state construction engineering corporation took the construction of the building.
The bank is also known for its huge 31.4 million customer base with a huge asset pegged 1.1 trillion birr.
CBE was established in 1942, with only two branches which have now heaped to a mammoth 1,795 branches making it one of the largest bank in east Africa.
The building has 53 stories, 13 commercial floors, 11 floors for conference center. The headquarter area for public access includes exhibition area, cafeteria, sighting area, meeting halls, shopping mall, cinema, gymnasium, spa, children entertainment, restaurant and game areas, among others including parking area which has capacity to handle more than 2000 cars at a time.

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