The Ethiopian government-owned industrial enterprise, Metals and Engineering Corporation (METEC), is going to be reorganised with a new name. The Corporation was established by the Council of Ministers to advance Ethiopia’s industrialisation drive.
METEC came under hot water recently for the delay it caused to the Grand Ethiopian Renaissance Dam (GERD) project. Prime Minister Abiy Ahmed himself singled it out as one responsible for the project delay. METEC later lost its contract for the GERD. Billions of Ethiopian birr were wasted due to the failure of the corporation to complete the projects as per scheduled time.
Because of the company’s poor performance, the new administration of Prime Minister Dr Abiy Ahmed has taken different measures, starting from changing the leadership of the Corporation.
According to Abdulaziz Mohammed, Commercial and Civil Products Operation Deputy Director at the Corporation, the reform aims at improving the structure of the Corporation.
Industries that have been manufacturing military equipment under the auspices of METEC will be transferred to the Ministry of Defense. The rest will remain under the Corporation.
Accordingly, METEC will now manufacture civil and commercial products under a new name – the National Metal Engineering Corporation.
A draft regulation has been prepared to reorganise the Corporation, and the decision will be applied once approved by the Council of Ministers.
Metals and Engineering Corporation (METEC) has 14 industries under it and as per the new draft regulation, it will transfer four of them to the Ministry of Defense.
The four industries are Homicho Ammunition Engineering Industry, Dejen Aviation Industry, Gafat Armament Engineering Industry, and Hi-tech Engineering Industry