Advertisement

GE reaffirms commitment to African growth, is delivering on 2014 promise

GE reaffirms commitment to African growth, is delivering on 2014 promise
GE reaffirms commitment to African growth, is delivering on 2014 promise
Two years  ago, the first US-Africa Business Forum drew the attention of the world to the promise of Africa.
Advertisement

The  African growth story is still real.

Advertisement

Two years  ago, the first US-Africa Business Forum drew the attention of the world to the promise of Africa. Governments and organisations discussed and debated opportunities in infrastructure, innovation, and workforce development, and together committed more than $33 billion  in deals, investments, and financing to accelerate African growth.

GE, which has operated in Africa for over 100 years, committed at 2014 event to invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018. Now, GE is able to announce significant progress against these commitments, as well as several new initiatives, against the backdrop of the second US-Africa Business Forum on 21 September.

Jay Ireland, president and CEO of GE Africa, said: “Meeting Africa’s needs takes leadership and cooperation. The US-Africa Business Forum signals the strong commitment by both African and US companies and governments to collaborate for economic growth. GE is proud to remain a steadfast partner in Africa’s sustainable growth and will continue to invest in people and infrastructure across Africa.“

Nabil Habayeb, president and CEO of GE Middle East, North Africa, and Turkey said: “Building on our decades of presence in the region, we have specifically focused on supporting North African nations to strengthen their energy, healthcare, and transportation infrastructure – sectors that are  mission-critical for sustained growth.

Advertisement

In addition to delivering advanced digital industrial technologies that enhance productivity and efficiency, our emphasis has been to create thriving innovation ecosystems and promote local capacity building. Led by the success of these initiatives, we are taking our partnerships to the next level to accelerate growth and progress.”

Building infrastructure

Africa is home to 12 of the world’s 20 fastest-growing economies, and its  manufacturing, services, and technology sectors are fuelling markets around the globe. Improving access to core infrastructure will equip more Africans to tap its vast potential.

1. GE’s installed base across Africa totals more than 93 gigawatts of power, with around 11 gigawatts added to the grid since 2014. Another 2.74 gigawatts are currently under development by GE in Power Africa projects.

2. In Nigeria and Ghana, GE has spent $15m over the past two years on projects representing roughly two gigawatts. The signing of a new power purchase agreement and related agreements with GE for the Ghana 300 Bridge Project will power the equivalent of 700,000 homes in Ghana.

Advertisement

3. In Egypt, the government needed help to avoid outages during Ramadan in 2015. GE delivered 2.6 gigawatts  – enough emergency power to supply 2.5  million homes – in nine months, the fastest completion for a project of that size for GE to date.

4. In Algeria, GE has created three joint ventures across the energy spectrum, including GE Algeria Turbines (GEAT), where ground breaking took place in 2015. The site is expected to be operational by 2018.

5. Earlier this year, in partnership with USAID, the Nigerian Federal Ministry of Health, and the National Primary Health Care Development Agency GE launched the $20 million Healthymagination Mother & Child initiative. Two million expectant Nigerian mothers are set to benefit from the programme by 2020.

6. GE is supporting Kenya’s Managed Equipment Services (MES) project in line with the country’s transformation strategy. It is one of the largest healthcare modernisation programmes to date in Africa, with 96 Ministry of Health hospitals receiving upgraded radiology departments so far. Early results are positive; access to radiology services improved by 50 percent across three pilot hospitals in the first five months after the new equipment was installed.

7. Through partnership agreements in Nigeria, Kenya, Ethiopia, Ghana, and Angola, GE supports their development agendas in power generation, healthcare, and transportation. GE was even namedone of Nigeria’s most  strategic investors this year.

Advertisement

Localised solutions

GE is working with partners in Africa to drive sustainable development and solve local challenges by investing in technology, building capital markets and  developing technical skills within communities:

1. GE launched its first Africa-based innovation centre in South Africa in 2016. The Africa Innovation Centre, according to GE Africa president Jay Ireland, will  be a “collaborative workspace” aimed at “driving innovation in Africa for  Africa.”

2. The centre, which serves as the Africa HQ for GE’s growing Healthcare business, also houses the first Healthcare Customer Experience Centre in Africa, which is designed to mimic different care areas in a hospital environment.

3. GE inaugurated the brand new $13 million GE Healthcare Skills and Training Institute, an education facility for healthcare professionals, in Kenya in 2016, as part of its MES commitment. Through the new facility, GE has committed to training over 10,000 healthcare professionals from across Kenya and East Africa by 2020.

Advertisement

4. Eighteen small- and medium-sized businesses are now receiving business and technical services support through GE’s $19 million supplier development fund, first outlined in 2014.

5. In collaboration with the US Africa Development Foundation and USAID, GE continues its commitment to the "Power Africa Off-Grid Energy Challenge”. The initiative has awarded 50 grants of up to $100,000 each tolocal enterprises to develop and expand off-grid solutions in Ethiopia, Ghana, Kenya, Liberia, Nigeria, Tanzania, Rwanda, Uganda and Zambia.

6. In 2016, GE and the Miller Center for Social Entrepreneurship launched a program to train and mentor African social entrepreneurs addressing maternal and/or child health. The programme selected its first cohort of 17 social entrepreneurs, who will gain support in strengthening their business models, refining business plans, reinforcing organisational development, managing talent, and learning how to scale sustainably.

7. In Egypt, GE and the Ministry of Communications and IT launched the GE Egypt Digital Innovation Challenge in September 2016. Entrepreneurs can  digital solutions for industrial challengesin healthcare, transportation, and energy until November 30, and winners will receive a cash award of EGP 100,000, as well as an opportunity to receive training to develop their software solution on Predix, GE’s  industrial internet operating system.

Capacity building

Advertisement

GE is investing in capacity building that will ensure sustained growth by providing skills training and developing leaders through partnerships with local governments, schools, and hospitals:

1. GE employs more than 4100workers across 35 countries in Africa. Since the US-Africa Business Forum in 2014, GE has received over $11 billion in orders. In 2015, GE saw $6.4 billionin revenue across the continent.

2. Since 2014 GE upgraded facilities in South Africa and Nigeria; opened new facilities in Kenya and Ghana; and launched offices in Ethiopia, Mozambique, and Cote d’Ivoire.

3. In 2014, the GE Foundation announced a $20 million commitment  to advance maternal and child health in Africa, through the extension of programmes supporting the Sustainable Development Goals to eradicate preventable maternal and infant mortality. Nearly 800 health workers have been trained so far through biomedical equipment technician and nurse anaesthetist programmes.

4. The GE Foundation further committed in 2015 to its Safe Surgery 2020 Initiative, a $25 million-dollar, three-year commitment to accelerate access to safe surgery in low- and middle-income countries. The Initiative launched in Ethiopia and will expand to Tanzania next.

Advertisement

5. GE and the GE Foundation’s 2014 investment in Pink Ribbon Red Ribbon has trained 30 technicians in equipment repair and maintenance in Ethiopia. The programme is launching a biomedical centre of excellence there.

6. GE has facilitated leadership development and helped develop curricula at Regional Leadership Centres for President Obama’s Young African Leaders Initiative (YALI). GE staff members also serve as mentors to youth in the programme.

7. GE expanded its GE Garages programme into Kenya in 2015, collaborating with Gearbox and Seven Seas Technologies to help build a skilled workforce and drive entrepreneurial development in the country.

Advertisement
Latest Videos
Advertisement