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[Nov 2017] Tekleberhan Ambaye Construction TACON Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

TAF Makes Near 25m Br Deal to Acquire ERP Solution

Teklebrehan Ambaye & Family (TAF), a private conglomerate gaining momentum as a dominant local company, has signed a contract with a local IT firm, Fairfax Technologies Plc, to acquire a Systems, Applications & Products (SAP)-powered enterprise resource planning (ERP) solution. The contractual value of the solution borders on 25 million Br, company sources disclosed. market price of ERP ranges from 5 to 8 million USD depending on the size of the company. Inking the deal on March 17, 2016, at TAF’s corporate office on Asmara Road,

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Bid for Adama Industrial Park Closes

Bidding for the construction of Adama’s Industrial Park closed in the past week after submission of offers from three local and four international companies.

Among the bidders, Fortune has learnt, were Tekleberhan Ambaye Construction (TACON), Zamra Construction Plc, and China Civil Engineering Construction Corporation (CCECC). The government’s Industrial Parks (IP) endeavour is spearheaded by Arkebe Oqubay (PhD), special advisor to the Prime Minister with ministerial rank. The Industrial Parks Development Corporation of

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Afro Tsion Wins 290m Br Bid for Arada District Headquarters

Public Procurement & Property Disposal Service awarded Afro Tsion Construction Plc a 290 million Br contract for the construction of headquarters (HQ) for the Arada District last week.

The bid was announced in February 2015, inviting local companies to participate in the bid; Zamra Construction Plc and Teklebrehan Amabaye Construction Plc (TACON) gave their respective offers. As per the process the second lowest offer of 310 million Br was made by TACON.

The technical opening was made on April 8, 2015 and the award to

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New TAF Corporate Group Formed by Tekleberhan Ambaye Construction and Sister Companies

Tekleberhan Ambaye Construction (TACON) is prepping for international competition with a six-million Birr structural overhaul that transformed it into a corporate group with six subsidiary companies.

It was a process that took five individual consultants a year and a half, according to Seifu Ambaye, CEO of the newly formed umbrella TAF Corporate Group. It was triggered by the fear that the construction sector was becoming dominated by foreign companies with long experience and technological advantages, he said.

The six

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Ethiopian Airlines Seeks New Contractor for 1.5b Br Housing Project

Ethiopian Airlines has invited nine companies in a bid to take over the employee housing project from Zhejiang Yefeng, a Chinese contractor, which has been at odds with Ethiopian for a two-year delay in its execution.

Six companies responded to the invitation and submitted their technical and financial offers in June 2015. Among these are YOTEK Construction Plc, Flintstone Engineering, Tekleberhan Ambaye Construction Plc (TACON) and Afro–Tsion Construction Plc, according to sources who did not wish to be identified.

It was

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Tekleberhan Ambaye Construction completes Berbera International Airport terminal

berbera int airportTekleberhan Ambaye Construction Plc (TACON) has completed the construction of its first out-of-country contract of Berbera International Airport terminal and 12Km perimeter fence at a cost of 80 million Birr in Somaliland gaining a profit of only three million Br.

The construction, which began a year ago, was finalized in a joint venture between the Ethiopian

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