Insurance Towers

The Insurance Towers (IT), is a government building in Kampala, Uganda which houses the headquarters of the Insurance Regulatory Authority of Uganda.

Location
The building is located at Plot 6 Lumumba Avenue on Nakasero Hill, in the Central Division of Kampala, Uganda's capital and largest city. This is approximately 1.5 km by automobile, north-west of the city's central business district. The coordinates of the building are: 0°19'04.0"N, 32°34'42.0"E (Latitude:0.317778; Longitude:32.578333).

Overview
The Insurance Towers building was constructed by the Insurance Regulatory Authority of Uganda (IRAU). Prior to the building of this office building, the IRAU was renting 487 m2 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.

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.

The building is expected to have two underground floors and eleven above-ground floors. Its total space offering is planned at 16500 m2, consisting of both office and retail space.

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