GE (NYSE: GE) announced today that it will invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018. GE made the announcement in advance of President Obamas U.S.-Africa Leaders Summit, where GE is hosting African and global government officials, policy experts, NGOs, entrepreneurs and business leaders for a conference on investment, infrastructure, and innovation in Africa.
Through partnerships and technology, GE is poised to help increase access, reliability, and affordability of core infrastructure throughout the continent. Africa has emerged as the most promising growth region for GE.
As part of efforts to address the shortfall in Ghana's public power supply, GE (NYSE: GE) announced today that it has partnered with the Millennium Challenge Corporation (MCC) to provide $500 million in financing to support development of the Ghana 1000 project in western Ghana.
In order to support the growth of one of its key customers and partners in the African market, General Electric (NYSE: GE) has announced the conclusion of the GE-Dangote Framework Agreement for Distributed Power Solutions. Under the framework agreement, GE will supply aeroderivative gas turbines to Dangote Group for captive power requirements and Dangote Group will generate reliable and efficient power for the operation of its manufacturing assets within Nigeria and other African countries where Dangote Industries operates.
With more industrial facilities using distributed power technologies to ensure a reliable energy supply and increase productivity, GE's Distributed Power business (NYSE: GE) is supplying Genesis Electricity's driven project company, GEL Utility Limited, with three 25-megawatt (MW), trailer-mounted, TM2500+ aeroderivative gas turbines to generate uninterrupted power at Nigerian National Petroleum Corporation's (NNPC) state oil refinery at Port Harcourt, Nigeria. The installation by GEL Utility Limited of GE's mobile gas turbines at the Port Harcourt Refining Company (PHRC) facility will ensure the country's largest oil refinery has the power it needs to overcome chronic grid outages and return to full capacity for refining. Up to now, grid outages have reduced PHRC's output to 30 percent of its total maximum capacity of 210,000 barrels per day.
GE Garages Nigeria ran from 23 June to 11 July at GE's regional headquarters in Lagos, and featured curated speakers sessions and workshops amidst a fully equipped fab lab.
GE Garages in Lagos, Nigeria may have wrapped up this week, but its legacy will live on through the buzz and excitement created at the events over the past three weeks.
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Click Here for more information about how to apply apply for the Off-Grid Energy challenge grants in Ethiopia, Ghana,Liberia, Kenya, Nigeria and Tanzania. Round 1 winners have already been awarded $600,000 in grants for their innovative projects. To read about Round I winners Click Here
What is Power Africa?
Power Africa is a broad U.S. Government initiative to drive growth by increasing access to reliable, affordable, and sustainable power and helping to ensure responsible, transparent and effective management of energy resources.
A new category has been announced for the prestigious CNN MultiChoice African Journalist Awards in 2014. It is GE Energy and Infrastructure category, sponsored by Global Energy and infrastructure giants, General Electric (GE). GE Africa CEO Jay Ireland said: "The sponsorship of the Infrastructure and Energy category in the CNN MultiChoice African Journalist Awards aligns with GE's strategic objectives on the continent." GE is delighted to be part of efforts to highlight Africa's Energy and infrastructure challenges and the laudable efforts to address them.
GE Power & Water (NYSE: GE) today formally introduced its new Distributed Power business for Africa, building on GE's corporate commitment to help address the continent's need for more reliable, local energy supplies that can promote greater economic development and security in urban and rural areas. GE unveiled its new Distributed Power business for Africa and its plans for entry into the diesel space during an event in Lagos, Nigeria, a country where distributed power technologies are becoming increasingly popular for supporting local industrial production.
With more industrial facilities using distributed power technologies to ensure a reliable energy supply and increase productivity, GEs Distributed Power business (NYSE: GE) is supplying GEL Utility Limited with three 25-megawatt (MW), trailer-mounted, TM2500+ aeroderivative gas turbines to generate uninterrupted power at Nigerian National Petroleum Corporations (NNPC) state oil refinery at Port Harcourt, Nigeria.
The Nigerian Federal Ministry of Health (FMoH), the United States Agency for International Development (USAID/Nigeria) and GE Healthcare (GE:NYSE) today joined hands with the signing of a first-of-its-kind, 5-year initiative on the ground at the World Economic Forum (WEF) in Abuja, Nigeria.
GE, the global infrastructure leader, has officially launched its GE Kujenga citizenship program at a press event at WEF Africa, in Abuja, Nigeria. GE Kujenga is based on three core pillars of activity Empower, Equip and Elevate. Through this program, GE will empower people with valuable skills, equip communities with new tools and technology and elevate ideas that are helping to solve Africas challenges.
As part of efforts to support commercial growth in Nigeria, global infrastructure leader, GE and Dangote Foundation have officially announced a plan to launch a manufacturing GE garages program to help build a skilled workforce and drive entrepreneurial development in the region. The program is in development with the Dangote Foundation.
To support off-grid energy solutions, the U.S. African Development Foundation (USADF) and the U.S. Agency for International Development (USAID) have teamed up with GE Africa (NYSE: GE) to launch the Power Africa Off-Grid Energy Challenge.
The GE Foundation, in collaboration with the Developing World Healthcare Technology Laboratory at Duke University and Engineering World Health, is developing a new Biomedical Equipment Technician Training (BMET) project in Nigeria to address a major need for locally qualified medical technicians to repair and service biomedical equipment.
GE Africa head Jay Ireland talks with AllAfrica about GE's expanding engagement across Africa and the company's high-profile role in the Obama administration's PowerAfrica initiative.
Lazarus Angbazo, President and CEO of GE Nigeria, discussed the company's growth strategy in an interview with AllAfrica's Reed Kramer.
GE was also named the employer and Human capital Investor of the Year at a ceremony during the World Bank Annual meetings in Washington DC, United States.
Jay Ireland, CEO of GE Africa, talks about how private public partnerships are bolstering the healthcare sector in Africa.
Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of TUPL's Ughelli power plant by 1000MW over the next 3 to 5 years. Both parties have also signed a separate agreement to rehabilitate the damaged GT 15 turbine at the Ughelli plant, which will add 115MW to the plant's output. Currently, the Transcorp Ughelli power plant generates 360MW of electricity, up from 160MW on November 1, when Transcorp took ownership of the plant.
photo: CEO of GE Jeff Immelt and Chairman of Heirs Holdings Tony Elumelu witnessed an agreement signed by CEO of Transcorp Obinna Ufudo and Jay Ireland President and CEO GE Africa to add another 1000MW to the existing 1000MW capacity, creating a total capacity of 2000MW, at the Transcorp Ughelli Power Plant in Delta State.
Efforts to increase access to power infrastructure in Africa have received a boost with a $350 million financing agreement between global infrastructure giants GE and Standard Bank. The partnership seeks to provide affordable access to power infrastructure to augment traditional large scale grid capacity development.
photo: Jay Ireland and CEO of Stanbic IBTC signing the $350 million Distributed Power agreement between GE Africa and Standard Bank
Sustainable growth together. The story of GE transportation.
GE Aviation's long-standing partnership with Arik Air has fast tracked its expansion into a leading African airline company. This has enabled Arik Air to contribute to Nigeria's economic growth and cement its role as an enabler of regional and international travel connectivity between Africa and the world.
GE has been present in Egypt since 1974 with a commitment to being a long term and strategic partner to the country. Over the years GE has partnered with the public and private sector on projects to provide technology solutions aligned with Egypts infrastructure needs. In Egypt, GE works to partner across different sectors including energy, aviation, oil & gas, healthcare and transportation to power, move, cure and build the country.
See GE's impact at the Apam and Asesewa Government hospitals in Ghana, where improvements in equipment and hospital practices are helping to get better healthcare to more people.
General Electric has signed a memorandum of understanding with the government of Cross River State to upgrade and equip the mechanical/electrical workshops of the Government Technical College, Ikot-Effanga, Calabar Cross River State, at a cost of $2 million. The school may become a training ground for technicians to feed GE multibillion dollar factory in Calabar.
photo: Governor Liyel Imoke of Cross River State, with GE global Supply Chain Leader Phil Griffith and Human Resources Senior Executive Tamla Oates Forney after signing the MOU in Calabar, Nigeria
General Electric (GE), a global technology and infrastructure company says its global rating as the world's best company for leadership is due to its human resource leadership philosophy which inspires its employees to be the very best in their respective e specialties. Susan Peters, GE's Senior Vice- President for Human Resources made this known while presenting a keynote address to the Lagos Business School Alumni Association of the Pan Atlantic University (PAU) in Lagos on Thursday, 31 January 2014.
Leading infrastructure and technology company GE and Nigerias Bank of Industry (BOI) have announced plans to cooperate in creating affordable financing solutions for small and medium-sized enterprises (SMEs) in the infrastructure sector. These plans would see funding support to the tune of US$ 500 million made available to SMEs from critical sectors including healthcare, power, and transportation who meet the criteria for selection.
Port-Harcourt In furtherance of its strategic drive to significantly improve the local content of its respective businesses in Nigeria, leading global Infrastructure and Technology Company, General Electric (GE) has expanded the offerings of its Technology Service Centre in Port Harcourt Nigeria to include facilities for AERO Derivative Level II maintenance.
GE Africa has today in Nairobi launched the first GE Africa Learning Advisory Board that will provide thought leadership and support for GEs Africas talent and skills development strategy. Kenyas Principal Secretary for Science and Technology Professor Colletta Suda officiated at the launch at the Norfolk Hotel in Nairobi Kenya.
Three Kenyan and three Nigerian companies have emerged winners of the inaugural Africa GE-USADF Off-Grid Energy Challenge. The winners were announced at a grand gala event held in Lagos, Nigeria on 21st November. Each will receive grants of up to $ 100,000 to support their initiatives.
GE South Africa last week in partnership with employees and GE Africa - Corporate Social Responsibility made a donation of R100 000.00 to the SOS Childrens Village in Mamelodi East of Pretoria. The donation was handed over to the home by Ian Graham, CFO Oil & Gas Sub Saharan Africa and Southern Africa - & Global Growth Operations.
Sasol and General Electric (GE: NYSE)s GE Power & Water division have together developed new water technology that will clean waste water, while also providing biogas as a by-product for power generation. This new technology, known as Anaerobic Membrane Bioreactor Technology (AnMBR), will be further developed at a new demonstration plant at Sasols R&D Campus at its Sasol One Site in Sasolburg.
Dar es Salaam, Tanzania: GE (NYSE: GE): GE Africa Healthymagination has donated handheld ultrasound devices and related equipment worth $87 000 USD (140 940 000 TZS) to the Kisarawe District Hospital in Kisarawe, in the Pwani District of Tanzania, providing pregnant women in rural areas with access to free ultrasound services.
GE Africa has announced a partnership worth up to $5 million (R50million) with the Johannesburg-based African Leadership Academy (ALA), which aims to transform Africa by identifying, developing and connecting the next generation of African leaders.
GE's roots in Africa are over 100 years old, providing us with a unique understanding of the continent. As a diversified global infrastructure, finance and media company, GE is in a unique position to utilize the breadth and depth of our businesses to provide Africa with the solution it needs. From water reuse technology to portable healthcare products, GE can help East, Central and West African nations and economies grow and develop to their full potential.
GE is ready to partner with Africa into the next chapter of its growth, and we plan to do that by building partnerships, transferring knowledge, bringing solutions and being responsible. By providing products and services that can help Africa capitalize on current opportunities, while partnering on projects for the future, GE can help Africa usher in growth. In 2008, GE had $3.5 billion in revenues and over 1500 employees in Africa, a testament to our commitment to the continent.
We believe GE is best positioned to be a trusted partner of African countries. GE can provide the kind of innovation and imagination needed for integrated solutions in Africa today, to help pave the way for future progress.