The African Export-Import Bank (Afreximbank) held a groundbreaking ceremony for the Afreximbank African Trade Centre (AATC) in Egypt’s New Capital, which will also be the home of the Bank’s new global headquarters.
- •The project, situated in the Diplomatic District of the New Capital, approximately 45 kilometres east of Cairo, covers the main Afreximbank Headquarters Building, a 110-room hotel, and six fully serviced residential villas.
- •The contract for the project was granted to Hassan Allam Construction, a subsidiary of Hassan Allam Holding, which will handle full civil works, Mechanical, Electrical and Plumbing (MEP) systems, hard and soft landscaping, as well as the complete supply and installation of Furniture, Fixtures and Equipment (FF&E).
- •The AATC in Cairo is part of Afreximbank’s broader vision to develop a network of African Trade Centres in strategic commercial hubs across Africa and the Caribbean.
“This Afreximbank African Trade Centre in the New Capital is meant not simply to accommodate the expansion of the Bank, but provide a concrete solution designed to address the lack of trade and investment information among African businesses; a challenge that has confounded the growth of intra-African trade and investment for nearly seven decades,”Afreximbank’s President and Chairman of its Board of Directors, Dr George Elombi, said during the groundbreaking ceremony.
The complex will host a full suite of other modern trade-supporting facilities, including a trade information centre, a world-class library and knowledge hub, an Afreximbank corporate museum, an innovation and SME incubation centre to support entrepreneurship, a business centre, a corporate museum, a 750-seater modern conference centre, an exhibition centre, retail and dinning outlets, shops, extensive back-of-house and support facilities and a 1,200-bay parking structure.
Scheduled for completion in early 2029, the AATC in Cairo’s groundbreaking follows the AATC- Barbados groundbreaking in March 2025 and the official opening of the AATC in Abuja in April 2025.
The Afreximbank African Trade Centre network will also include hubs in Kampala (Uganda), Abidjan (Côte d’Ivoire), Yaoundé (Cameroon), Kigali (Rwanda) and Tunis (Tunisia).
