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For the past twenty years, considerable effort has been exerted tirelessly to permanently end poverty, an attribute that had been associated with Ethiopia for a long time. As a result of this effort, great success has been achieved, compared to the long history of the country, where drastic results have been recorded across all sectors during these years.
The agricultural sector has been the main driver of the economy in Ethiopia and plays the biggest role in contributing to GDP and for the recorded changes in growth as compared to other economic sectors. Agriculture has created and is creating conducive situations which enable the transformation to industrialization. The Growth and Transformation Plan (GTP) is paving the way towards industrialization with the goal of elevating Ethiopia to become a middle income country.
The Metals and Engineering Corporation (METEC) is one of the institutions established by the Federal Democratic Republic of Ethiopia (FDRE) to enable the realization of the government’s Growth and Transformation Plan (GTP) and to accelerate the ongoing transition of Ethiopia into industrialization and becoming a middle-income country. Since the establishment of METEC as a public enterprise by the Council Of Ministers regulation number 183/2002, METEC has been working tirelessly towards the realization of its vision, mission and objectives.
Currently, METEC is comprised of 15 semi-autonomous, and integrated manufacturing companies that are operating in more than nine different sectors. In addition to supporting key stakeholders in the public sector, the METEC companies were established for developing their respective private sector value chains and accelerating the technological capacity of the country. Most of the METEC companies are situated in the Addis Abeba – Adama corridor where higher education institutions, R&D, manufacturing and the supplier ecosystem are forming industry pre-clusters and clusters that are conducive for innovation.