Insurance Towers

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]

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 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]

• List of tallest buildings in Kampala

• Website of the Insurance Regulatory Authority of Uganda