METEC – New Business Ethiopia

Prosecutor charges against Ethiopia’s military company head

Prosecutor charges Ethiopia’s military company head

January 11, 2019January 11, 2019 newbusinessethiopia

The federal prosecutor of Ethiopia on Thursday opened grand corruption charges against the director general of the military owned metal Engineering Corporation (METEC), Major General Kinfe Dagnew along his partners for the crimes.

Suspect human rights offenders in Ethiopia appear court

January 10, 2019January 10, 2019 newbusinessethiopia

Suspect human rights offenders in Ethiopia, who have been in custody for the past few weeks, Maasho Kidane and Adush Kassa appeared Lideta court in Addis Ababa on Wednesday.

Ethiopia generates $3 billion selling state enterprises

January 4, 2019January 8, 2019 newbusinessethiopia

By Andualem Sisay Gessesse – The government of Ethiopia has privatized 290 companies in 14 years from 1995-2015, according to the information obtained from the agency in charge of supervising and selling state enterprises.

METEC fails to deliver Ethiopia’s 4.1 billion birr power project

December 31, 2018December 31, 2018 newbusinessethiopia

Four years after the construction of Ethiopia’s 4.1 billion birr (around $150 million) Melka Sedi thermal power generation plant began, only less than 30% of the total project is completed.

Ethiopian former rebels going to the bush again?

December 24, 2018December 26, 2018 newbusinessethiopia

By Andualem Sisay Gessesse – Last week Mekelle University, which is found in the northern part of Ethiopia Tigray Region, has organized a conference. One of the papers presented at the conference was by Mr. Bereket Simon, the former rebel fighter, who later served as Minister of Ethiopian Government Communications Affairs Office.

Ethiopia arrests former Metal and Engineering Corporation head

November 13, 2018November 13, 2018 newbusinessethiopia

The former direct of the multibillion dollar state enterprise, Metal and Engineering Corporation (METEC), allegedly engaged in grand corruption is arrested while trying to escape to Sudan, state affiliate media reported.