Johannesburg — SIEMENS is to spend €200m in Africa in the next two years and plans to double to 10% its share of the market in the regions it serves, estimated to be worth almost €30bn a year by 2012.
The president and CEO of Siemens, Peter Loscher, said on Friday that the investment would focus mainly on expanding its business and sales structures in Africa, where the group was eyeing business in health, renewable energy and infrastructure development.
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