Bank of Abyssinia, a private bank that passed the recently put five-billion-birr paid-up capital requirement five years before the deadline, has given the construction project for USD 400 million to China State Construction Engineering Corporation (CSCEC).

The bank is to become part of the city’s skyline, building on 9,763 square meters of land leased from the Addis Ababa City Administration in the Mexico area, along the route that runs through the city’s financial sector. The construction is expected to take five years and will commence in four months.

(The Reporter)


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