AfreximBank has concluded plans to begin the construction of a multi billion naira African Trade Centre in Abuja.
This is coming following the handing over ceremony of the Afreximbank African Trade Centre (AATC) project site and the Bank’s Letter of Intent to the appointed Contractor Messrs. Cappa d’Alberto, having
successfully gone through the contractor section process in line with the procurement policy of the African Export-Import Bank.
Speaking at the project site situated in Central Business District, Federal Capital Territory, on Wednesday, Mr Eric Monchu Intong, Regional Chief Operating Officer, Anglophone, on behalf of the President and Chairman Board of Directors of African Export-Import Bank (Afreximbank) said the project will take 36 months to *complete.
He said Cappa D’alberto was appointed by the Board of Directors of the Bank during its meeting held in September 2021 in Yaoundé, Cameroun.
In line with its mandate of promoting, facilitating and financing of Intra and extra-African Trade, Intong disclosed that the Bank plans to establish Trade Centres across Africa dubbed the, “Afreximbank African Trade Centre (AATC) to contribute to the Bank’s efforts in bridging the trade gap in Africa.
“The AATCs shall be landmark, futuristic, iconic mixed-use business complexes that will provide a commercially viable and integrated one-stop-shop for trade facilitation, trade information services and trade finance.
“The long-term goal is to have a network of trade centres, under the ATC umbrella, covering each commercial capital in Africa” Intong said.
He added that the Abuja AATC will be the first Afreximbank African Trade Centre (AATC) developed in line with the view to stimulate the expansion and diversification of African trade and increase Africa’s share of global trade.
Other cities and countries include: among others, Abidjan (Cote D’Ivoire), Cairo, New Administrative Capital (Egypt), Harare (Zimbabwe), Kampala (Uganda), Tunis (Tunisia) and Yaoundé (Cameroon).
“As part of the bank’s strategy to develop intra-African trade, the Afreximbank Africa Trade Centre concept was developed to provide a unique range of trade services and amenities focused on: Bridging the gap in trade and market information in Africa, especially with regards to intra African trade.
Intong explained that the Abuja AATC development will feature two towers rising from a shared podium, housing the public areas of the building including a double volume conference centre, seminar rooms, hotel reception, Afreximbank trade centre offices, SME incubation hub, knowledge centre & library and so on.
“The two towers shall be connected by a central
multi-volume atrium, and the twin tower design allows for the separation of use between hotel accommodation and commercial office space” he added.
“The Abuja AATC, which is envisaged to be completed in 36months, will be a smart and green building and will be LEED certified by the Green Building Certification Institute making it one of the few certified buildings in Nigeria and in West Africa.
Intong appreciated the Federal Government for granting the Bank the land to build the edifice and appreciated the support of the Minister of the Federal Capital Territory and other agencies that supported the speedy approval of the building plan.
In a goodwill message, Umar Ajiya, a Chief Finance Officer, on behalf of the Group Managing Director of NNPC, commended AfreximBank for siting the project in Abuja.
He expressed confidence in Cappa D’Alberto to complete the project in record time.