About Us
-Vision-
To be the most preferred share company in the area of Construction, Trade, industry, and financial sector in East Africa in 2030.
-Mission-
Our Mission is to consistently provide quality services to our valued clients whilst embracing professional standards and ethics on construction sector, General Trading (Import and Export), and Manufacturing of Construction Materials in order to regulate the General Market.
General Objective
The General objective of Horn Africa Construction Trade and Industry Share Company is to become one of the leading construction company, participate in general Trade and Industry by creating job opportunity making reasonable profit to develop its business.
Specific Objective
- Develop Modern real estate (Housing Project) in order to play its role on solving the current critical housing demand
- Creating big different construction companies
- Participate in the General Trading business both on import and export
- Select and enter into manufacturing construction materials
- Participate in financial and mining projects
Values
- Maximize the value of the firm for its owners
- Serving with integrity
- Respond to the dynamic Market changes
- Provide exceptional customer service
- Sustain an optimum return on investment for shareholders
- Growing through innovation and creativity
HISTORICAL DEVELOPMENT
HORN AFRICA CONSTRUCTION TRADE AND INDUSTRY SHARE COMPANY WAS PRIMARILY INITIATED BY THE MEMBERS OF TIGRAY CONSTRUCTION CONTRACTORS ASSOCIATION (TCCA) IN SEPTEMBER 2018 AND REGISTERED IN THE LEGAL GOVERNMENT OFFICE IN MAY 2019. ITS MAIN OFFICE IS LOCATED AT ETHIOPIA, TIGRAY, MEKELLE CITY SELAM BUILDING 5TH FLOOR NEAR AXUM HOTEL.
OVER THE LAST 4 YEARS SINCE ITS ESTABLISHMENT, HORN AFRICA HAS ACCUMULATED STRONG TRUST AND SOCIAL BELIEF IN THE SOCIETY AND UNTIL NOW THERE ARE ABOVE 1200 FOUNDING AND MEMBER SHAREHOLDERS.
HORN AFRICA CONSTRUCTION TRADE AND INDUSTRY SHARE COMPANY WAS ESTABLISHED TO BE A COMPETENT BUSINESS FIRM IN THE AREA OF CONSTRUCTION, TRADE, AND INDUSTRY, FOCUSING ON INTEGRATING THESE THREE BUSINESSES INDEPENDENTLY AS BUSINESS ENTITY.
THE FIRST GENERAL ASSEMBLY OF THE COMPANY WAS MET IN MAY,2019 FOR NOMINATION AND ASSIGNMENT OF THE BOARD OF DIRECTORS AND TO GIVE DECISION ON THE TOTAL CAPITAL OF THE SHARED COMPANY. The Second General Assembly Was held on AUGUST 20, 2023. BASED ON THE SECOND GENERAL ASSEMBLY, THE TOTAL SHARE OF THE COMPANY RAISED TO 1 (ONE) BILLION BIRR TO BE THE TOTAL CAPITAL OF THE SHARE COMPANY OUT OF THIS 250 MILLION IS A PAID-UP CAPITAL AND 750 MILLION IS SUBSCRIBED CAPITAL. THE PRICE OF EACH SHARE IS DECIDED TO BE 1000 BIRR HAVING A MINIMUM OF 100 SHARES FOR FOUNDER AND 50 SHARES TO BE A MEMBER WITH A MINIMUM OF 50,000 BIRR AND MAXIMUM OF 50 MILLION BIRR.
There are different interested companies in a pipe line to become shareholders some of them are:
- Anbesa International Bank
- Wegagen Bank
- Berhan International Bank
- Messebo Cement factory
