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Comesa bank set to kick off office block construction

A building under construction in Nairobi. FILE PHOTO | NMG
A building under construction in Nairobi. FILE PHOTO | NMG 

Financier Trade and Development Bank (TDB) expects to kick off the construction of a 19-floor office block in Kilimani, Nairobi, this year.

TDB, formerly known as the Eastern and Southern African Trade and Development Bank (PTA Bank), said its technical team is currently working on production of drawings ahead of floating of the construction tender.

It has already sought regulatory approval. The bank, which is a commercial investment arm of the Common Market for Eastern and Southern Africa (Comesa) secretariat, is seeking services from professional landscapers to work with the project implementer.

TDB joins a growing list of local and multinational companies investing in the upmarket Kilimani, Upper Hill and Westlands to house operations as well as generate rental income.