Ethiopian government-claimed modern endeavor, Metals, and Engineering Corporation (METEC) will be revamped with another name.
The Corporation was set up by the Council of Ministers with the end goal of propelling Ethiopia’s industrialization drive.
In any case, it has been an objective of fault for absence of limit, inefficiency, and postponements of super tasks like the new sugar production lines and Grand Ethiopian Renaissance Dam (GERD).
Afterward, the public authority renounced the agreements granted to the Corporation for the development of sugar manufacturing plants and hydro-mechanical works of the dam.
Billions of Ethiopian birr were squandered because of the disappointment of the Corporation to finish the undertakings according to plan.
Due to the organization’s lackluster showing, the new organization of Prime Minister Dr. Abiy Ahmed has been taking various measures beginning from making an initiative change inside the Corporation.