Ethiopia Shakes Up Board at Military-Affiliated Corporation

  • Ex-leader Meles Zenawi’s widow named among seven board members
  • MeTEC has had crucial role in African nation’s planned economy

By Nizar Manek, 31  May 2018
(Bloomberg) --
Ethiopia’s prime minister reshuffled the board at a military-industrial conglomerate that’s played a crucial role in projects to develop Africa’s fastest-growing economy.
The changes at Metals & Engineering Corp. include appointing the industry minister as chairman and former premier Meles Zenawi’s widow to the seven-member board. The moves, detailed by company spokesman Michael Desta, come after Prime Minister Abiy Ahmed vowed to curb what he called “favoritism” in business toward the security forces.
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