Insurance Towers

Insurance Towers
Location within Kampala
General information
Type Government Offices & Retail Rental Space
Location 10 Lumumba Avenue, Nakasero, Kampala, Uganda
Coordinates 00°19′05″N 32°34′43″E / 0.31806°N 32.57861°E / 0.31806; 32.57861Coordinates: 00°19′05″N 32°34′43″E / 0.31806°N 32.57861°E / 0.31806; 32.57861
Technical details
Floor count 13
Floor area 16,500 square metres (178,000 sq ft)
Lifts/elevators 4
Design and construction
Architect Roko Construction Company Limited

The Insurance Towers (IT), is a government building under construction in Uganda. When completed, the skyscraper will house the headquarters of the Insurance Regulatory Authority of Uganda.[1]

Location

The building is located at Plot 10 Lumumba Road on Nakasero Hill, in the Central Division of Kampala, Uganda's capital and largest city, about 1 kilometre (1 mi) north-west of the city's central business district.[2] The coordinates of the building are: 00°19'05.0"N, 32°34'43.0"E (Latitude:0.318056; Longitude:32.578611).[3]

Overview

The Insurance Towers building is under construction by the Uganda Ministry of Finance, Planning and Economic Development, to house the headquarters of the Insurance Regulatory Authority of Uganda (IRAU).[1] Prior to the building of this office building, the IRAU was renting 487 square metres (5,240 sq ft) of office space from Legacy Towers, at 5 Kyaddondo Road on Nakasero Hill, not far from this building, at a cost of US$10,227 per month.[1]

The IRAU will rent out the balance of office space that it does not occupy at Insurance Towers, to raise resources to run its mandated affairs. One of the core principles that IRAU is required to meet is that it should be operationally accountable, transparent, independent, and with adequate resources. This building will facilitate IRAU to meet those objectives.[1]

The building is expected to have two underground floors and eleven above-ground floors. Its total space offering is planned at 16,500 square metres (178,000 sq ft), consisting of both office and retail space.[1]

Construction

Construction of the building commenced in March 2018, with commissioning expected in September 2019. Roko Construction Company Limited, a Uganda-based construction company won the contract to build the tower at a cost of USh28.4 billion (approx. US$7.6 million).[1]

See also

References

  1. 1 2 3 4 5 6 Khisa, Isaac (29 March 2018). "Uganda: Construction Starts On A Shs28.4 Billion Insurance Towers". The Independent (Uganda) via AllAfrica.com. Kampala. Retrieved 29 March 2018.
  2. ↑ Globefeed.com (29 March 2018). "Distance between Post Office Building, Kampala Road, Kampala, Uganda and Faze 2, Kampala, Uganda". Globefeed.com. Retrieved 29 March 2018.
  3. ↑ Google (29 March 2018). "Location of the Insurance Towers Skyscraper" (Map). Google Maps. Google. Retrieved 29 March 2018.
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