Ethiopian Military-Run Company Seeks More Foreign Partners

Metals & Engineering Corp., an Ethiopian military-run corporation, said it plans to partner with more foreign companies as it spearheads a government-drive to develop industries in Africa’s second-most populous nation.

METEC, as it’s known, is already working with companies including Alstom SA, Europe’s second-largest power-equipment maker, U.S.-based solar-panel manufacturer Spire Corp. and China Poly Group Corp. on engineering and manufacturing projects. Some of the company’s budding industries, like vehicle-assembly and engineering businesses, may generate more than 20 billion birr ($1.1 billion) of revenue a year, spokesman Michael Desta said in an interview.