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[Feb 2018] Sekota Mining Plc Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Sekota Mining Flourishes with Iron Ore Extraction License

Sekota Mining Plc, a company formed by Luciano Frattolin and Beijing CBRF Technology Group Co. Ltd, secured a 20-year concession period to extract iron ore with an estimated total cost of half a billion dollars.

The agreement was signed by Motuma Mekassa, minister of Mines, Petroleum & Natural Resources (MoMPNR), and Luciano, a major shareholder and CEO of Sekota Mining on August 24, 2017, at the premises of the Ministry, on Asmera Avenue.

Sekota Mining Plc will explore the iron ore on the 242sqm plot of land. The area

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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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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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