Ethiopia Shakes Up Board at Military-Affiliated Corporation

by Zelalem

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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