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General Electric pledges R20bn for Africa by 2018

5 Aug 2014

General Electric (GE) says it will invest $2bn in facility development‚ skills training and sustainability initiatives across Africa by 2018.

GE's Jeff Immelt says the company will commit R20bn to building infrastructure, capacity and skills in Africa between now and 2018. Image: GE

GE made the announcement in advance of President Barack Obama's US-Africa Leaders Summit in Washington.

GE South Africa Technologies has committed to supply Transnet with 233 locomotives‚ as well as develop a Supplier Development Fund. With this new order‚ GE will be delivering a total of 436 new locomotives that will all be operating in South Africa by 2017.

"Through investments such as our new multi-modal manufacturing facility in Nigeria and our customer innovation centre in South Africa‚ we remain a committed partner to Africa's sustainable growth‚" said GE's Chairman and Chief Executive Jeff Immelt.

GE said it would 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.

Source: I-Net Bridge

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