Nib Insurance Corporation (NIC) selected four finalists to design its headquarters building, on Africa Avenue next to Mega Printing House, Capital reported.

The building will also house a branch of Nib International Bank, a sister company of Nib Insurance Corporation.

The finalists were chosen by a panel of judges comprised of architects and finance professionals. The three runner-ups were given monetary prizes and one was awarded first prize, Capital reported citing the Bank’s public relations office.

Nib Insurance was founded on May 2, 2002, by 818 shareholders, with 30 million birr in paid-up capital.

Source: Capital