Eyob Girma Consulting and Architects secured the design for the 13 Storey building for Africa Insurance Company, Ethiopia. The consultants competed against four other finalists to win the bid to draw up the plans and 50,000 birr.
The Insurance company expects to invite bids for the construction of the building in the next Ethiopian fiscal year which will begin in July according to Kiros Jiranie, CEO of Africa Insurance.
Negotiations will be launched with the architects in the coming weeks for a fully detailed proposal and consultancy of the building project he said. The Insurance company has finalized negotiations for a 600 m2 piece of land from the administration of Addis Ababa.
The building project to be constructed in the Bole Rwanda area will be the second building for Africa Insurance following the 180 million birr construction undertaken by Tekleberhan Ambaye Construction Company around Bisrate Gabriel on a 2100m2 piece of land.In related news Africa Insurance has introduced a weather index insurance product in partnership with Dedebit Credit and Saving Institution and Oxfam USA. The new program will be focused on farmers with a pilot project already launched at 38 stations in Tigray Regional State according to the Kiros.
Source: Capital
