Wagan Bank has announced plans to construct a 25-storey building in Mekele city, with a projected cost exceeding 1 billion birr.
On Thursday, May 24, 2015, during a momentous occasion known as the New Morning, Wagan Bank initiated the construction by laying the foundation stone for the impressive 25-storey structure. The building will be situated in close proximity to the national stadium, located in Mekele, the vibrant capital of the Tigray region.
The Tigray TV network has reported on this significant development, highlighting the strategic location of the upcoming building. During the foundation stone ceremony, Tigray Regional Government Interim Administration President Getachew Reda officiated the event, emphasizing the crucial role that Wagan Bank is expected to play in the reconstruction efforts in Tigray.
It is anticipated that Wagan Bank’s ambitious project will contribute to the growth and revitalization of the region, fostering economic development and serving as a testament to progress and resilience.