GE has announced plans to invest US$2 billion in facility development, skills training and sustainability initiatives across Africa by 2018.
Africa has emerged as the most promising growth region for GE. Total GE revenues in Africa in 2013 were US$5.2 billion and in the past year, GE has won more than US$8.3 billion in orders across Africa. The company will focus its investment in Africa in three strategic areas: building infrastructure, delivering localised solutions to customers, and capacity building, by providing skills training and growing supply chain development in local communities.
Among GE’s commitments in Africa is a strategic cooperation with Dangote Industries and a framework agreement for distributed power solutions. The two companies will collaborate on major infrastructure projects in power generation, rail transport and the oil and gas sector. Furthermore, GE, Dangote Foundation and other partners are collaborating to create a skilled workforce in Nigeria. Both organisations are focused on training young people in order to maximise their potential for employment.
Further information about GE’s investments in Africa, can be found here.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/africa-middle-east/07082014/ge-dangote-partner-on-infrastructure-development-and-training-251/