Source : ESAT
borkena
April 16,2018
Brigadier General Kinfe Dagnaw, director of Metals and Engineering Corporation, the regime’s giant industrial-military complex, reportedly resigned from his position.
General Kinfe, one of TPLF’s hardliner is said to continue in his role within the army.
Metals and Engineering Corporation is active in investment in a range of areas including in agriculture, metal, automotive, transportation and infrastructure development among others and was in charge of mega projects in the country for nearly two decades.
METEC has a reputation in poor project management including failure to achieve deliverable and squandering of public resources. It is also widely criticized for naked corrupt practices. In a report to the Ethiopian parliament last year, the officials admitted unexplained loss of billions of Ethiopian Birr.
According to ESAT report, METEC failed to complete numerous government mega projects although it was given extended time to do so. Tana Beles Sugar factory project is one of the projects that METEC failed to complete , and government had to contract it out to a different contractor.
The report added that General Kinfe Dagnaw’s resignation is said to be accepted although he was personally responsible for the loss of billions of Ethiopian Birr.
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