A senior official from the company said that during the past seven years, the company has overcome difficulties and completed the task with high quality, despite unfavorable factors including sporadic flare-ups of the pandemic and the unstable situation in Ethiopia.Ĭonstruction of the project has provided more than 3,000 local jobs and has become a link of friendship between the two countries.Įthiopian Prime Minister Abiy Ahmed Ali praised the completion of the building, saying that the new building, which was inaugurated on the occasion of the 80th anniversary of the Commercial Bank, reflects the ambition of Ethiopia to advance the modernization and development of the banking sector.Ībie Sano, the president of the bank, said that he believes the new headquarters will significantly improve the bank's efficiency as well as bring advanced technology to Ethiopia's construction industry. Work on the project, built by China State Construction, began in July 2015. The new building is located in the core business area of Addis Ababa, the capital of Ethiopia, with a total construction area of about 160,000 square meters and a height of 209.15 meters. The new headquarters of the Commercial Bank of Ethiopia, the tallest building in East Africa built by Chinese contractors, was officially completed on Sunday, as the two countries continue to strengthen bilateral cooperation in 2022. People wearing face masks cross a busy street in Addis Ababa, capital of Ethiopia, Aug.
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