Afrexim Bank House, Kampala

Building in Uganda

00°19′18″N 32°35′15″E / 0.32167°N 32.58750°E / 0.32167; 32.58750Construction startedH2 2023 (Expected)Completed2027 (Expected)CostUS$150 mullion

Afrexim Bank House, Kampala, also Kampala Afreximbank Africa Trade Centre (Kampala AATC), is a planned building in Uganda, that will serve as the regional headquarters of Afrexim Bank's Eastern Africa region, covering 14 countries: Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Mauritius, Rwanda, Somalia, Sudan, South Sudan, Seychelles, Tanzania and Uganda.^[1]

The building will host the Afreximbank Africa Trade Centre (AATC), for Eastern Africa. This comprises the permanent headquarters of the regional office, a five-star hotel, a business information centre, a conference centre and a technology incubation hub. The Kampala AATC is also expected to host offices of other global, continental and regional development and financial institutions.^[2]

Location

The building is planned to sit on a piece of land in Nakasero, in the Central Division of Kampala, the capital and largest city in the country. The land was a donation from the Ugandan government to Afrexim Bank, for the purpose of building the bank's regional headquarters for the bank's Eastern Africa region.^[3]

Overview

Afrexim Bank maintains headquarters in Cairo, Egypt. The bank also maintains five regional branches at Abidjan, Abuja, Harare, Kampala and Yaounde.^[4] The bank's Eastern Region headquarters were originally planned to be located in Nairobi, Kenya. However, after a three-year delay in obtaining Kenyan authorization, the bank switched to Kampala, Uganda.^[5]

The headquarters were opened in late 2019, after agreements were signed between the bank and Ugandan government officials.^[6]^[7] The interim, temporary offices are located at Rwenzori Towers, off of Nakasero Road, in Kampala.^[4]

To expedite the establishment of permanent headquarters, the government of Uganda donated land along Yusuf Lule Road, in Kampala for the bank to build its regional offices.^[8]

Construction

Construction is expected to start once the feasibility studies and architectural plans are finalized and approved. The construction is planned to cost about US$120 to US$150 million.^[2]

References

^ Afrexim Bank (30 December 2022). "Afrexim Bank Members: East Africa Region". Afrexim Bank. Cairo, Egypt. Retrieved 1 July 2023.
^ ^a ^b Afrexim Bank (7 October 2022). "Ugandan Government grants land to Afreximbank for the construction of the Afreximbank Africa Trade Centre in Kampala". Afrexim Bank. Cairo, Egypt. Retrieved 1 July 2023.
^ Muhamadi Matovu (5 October 2022). "Afrexim Bank acquires land for regional offices in Kampala". Nile Post Uganda. Kampala, Uganda. Retrieved 1 July 2023.
^ ^a ^b Afrexim Bank (29 June 2023). "Our Presence & Contacts". Afrexim Bank. Cairo, Egypt. Retrieved 1 July 2023.
^ Brian Ngugi (12 September 2019). "Pan-African lender dumps Nairobi for Kampala HQ". Business Daily Africa. Nairobi, Kenya. Retrieved 1 July 2023.
^ New Vision (21 September 2019). "Museveni, Obasanjo Witness Signing of Afri-Exim Bank Agreements". New Vision. Kampala, Uganda. Retrieved 1 July 2023.
^ The Independent (21 September 2019). "Uganda To Host AFREXIM East African Regional Bank Office". The Independent. Kampala, Uganda. Retrieved 1 July 2023.
^ George Asiimwe (3 October 2022). "Gov't Gives Land to Afrexim Bank to Set up Its Regional Headquarters". ChimpReports. Kampala, Uganda. Retrieved 1 July 2023.