Addis Ababa’s skyline is preparing for another dramatic transformation.
Awash Bank, Ethiopia’s largest and one of its oldest private banks, has unveiled plans to construct a massive new headquarters in the capital’s rapidly emerging financial district — a 55-storey skyscraper dubbed the “Diamond Tower.”
With an estimated cost of 12 billion birr, the project signals more than a real estate expansion. It reflects the growing ambitions of Ethiopia’s private banking sector at a time when the country’s financial industry is entering one of the most competitive and transformative periods in its history.
Once completed, the tower is expected to become one of the tallest and most technologically advanced commercial buildings in East Africa.
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