Metals and Engineering Corporation (METEC) is an Ethiopian military-run enterprise, which built up in 2010. It is the biggest mechanical complex in Ethiopia and in charge of the creation of military hardware and regular citizen items. METEC works with outside organizations, for example, Alstom from France, and Spire Corporation from America. METEC was once in charge of developing the $4 billion dam venture on the River Nile, expected to be Africa's greatest hydroelectric task, yet was expelled from the agreement in August.
Kinfe Dagnew, a Brigadier General in Ethiopia's military and previous CEO of METEC play a significant role in the association. The organization was allocated advancement of Grand Ethiopian Renaissance Dam and sugar production line, just as well as the Jinka Sugar Bag manufacturing plant. On November 12, 2018, all appointed venture dropped due to neglect to finish, and government captured Kinfe Dagnew, CEO of METEC, after a preliminary to escape through Sudan, where he was caught by Defense power. Kinfe Dagnew touched base in a helicopter to Addis Ababa. In April 2018, Kinfe Dagnew surrendered the organization subsequent to serving whole eight years, when Prime Minister Abiy Ahmed took the Tigrean People's Liberation Front power. The organization stayed obscure when it was worked by TPLF. In June, a parliamentary advisory group established that METEC wasted several hardware items worthing 326.4 million dollars without investigation of the market. Sources state that the Commercial Bank of Ethiopia wasted 2.8 million dollars without finishing of sugar extends, and uncovered the organization obtained 436 million dollars.
On November 12, 2018, The Chief official, Kinfe Dagnew, was endeavoring for getaway through Sudan fringe. Upon entry on the zone, a few Defense powers ceased and captured him. He was established with a vacant portfolio accepted to unlawfully transport merchandise. Soon after hours, a yellow private helicopter dispatched to deal with the officials and the general; which got him the metropolitan city in Addis Ababa. 40 the organization's authorities were confined after they assembled for a conference in Imperial Hotel, Gerji, Addis Ababa. A few papers cited that they were moved to Addis Ababa Police Commission; they incidentally imprisoned by Federal Police.