AFREXIMBANK regional office construction set to start in Zimbabwe

AFRICA Export-Import Bank (AFREXIMBANK) will kickstart the construction of its headquarters in Zimbabwe soon following an invitation to contractors willing to be part of the project.
The multilateral financial institution recently inviting expressions of interest from contractors to kick-start construction in Newlands, Harare.
The scope of the project includes a nine-storey building, state-of-the-art hotel and trade centre.
Reserve Bank of Zimbabwe Governor Dr John Mangudya, who is also a board member for the Pan African institution, said the country would benefit significantly from the development.
“It shows that Afreximbank has come of age and that it is consolidating itself as a financial powerhouse in Africa,” he said.
Dr Mangudya said construction of the offices in Harare was a huge vote of confidence in Zimbabwe.
“It also shows that it has confidence in the Southern African region and in particular in Zimbabwe, where that regional office will be based,” he said. “Investment in such a huge project requires financial resources that can only be deployed where an investor sees value. There is value in this region.”
Afreximbank indicated in its invitation for expressions of interest that the new structure will be built in Newlands.
“The bank intends to construct its Southern Africa Regional Office and Trade Centre on a 12 000 square metre plot of land in the Newlands area of Harare, Zimbabwe. The 30 000sqm iconic mixed-use business complex consisting of corporate offices, conference and exhibition centre, innovation and incubation hub, knowledge centre and a 120 key four-star hotel shall provide an integrated one-stop-shop for trade facilitation and information services and trade finance, and offer a range of facilities which will be housed in two eight- and nine-storey tower blocks.”

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