General Electric (GE) News

WSJ Africa Bureau Chief Joe Parkinson (Left), Kenya's Central Bank Governor Patrick Njoroge (Center) and Nigeria's Sovereign Wealth Fund's CEO Uche Orji (Right)

Kenya and Nigeria Officials Have Different Economic Outlooks (Videos)

Kenya’s Central Bank Governor Patrick Njoroge and Nigeria’s Sovereign Wealth Fund’s CEO Uche Orji discuss their nations’ growth prospects.

Cape Town was the most important destination in 2016 for startup investments in Africa

Investment in Africa's tech start-ups on the rise

From mobile money to cargo drones and rugged portable wifi hotspots, Africa’s innovators are generating new technology to tackle consumer needs and development challenges.

Investment in Africa's tech start-ups on the rise

Investment in Africa's tech start-ups on the rise

From mobile money to cargo drones and rugged portable Wi-Fi hotspots, Africa’s innovators are generating new technology to tackle consumer needs and development challenges.

GE proposes investing in Nigeria's oil refineries

GE proposes investing in Nigeria's oil refineries

General Electric Co has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies to improve capacity at the facilities.

Olatorera Oniru, CEO, Dress Me Outlet. Credit: konnectafrica.net

From Wall Street to e-commerce in Nigeria

“To scale through the start-up phase is very difficult. It requires a lot of tenacity and, like I always say, it requires experience.” So says Nigerian Olatorera Oniru.

GE Venture to Build World’s Largest LPG Power Plant in Ghana

GE Venture to Build World’s Largest LPG Power Plant in Ghana

General Electric Co., Endeavor Energy Resources LP and Sage Petroleum Ltd. won approval from Ghanaian lawmakers for the construction of the world’s largest liquefied petroleum gas fired power plant.

General Electric to invest $150 million in Nigeria

General Electric to invest $150 million in Nigeria

U.S. industrial firm General Electric plans to invest around $150 million in Nigeria by 2017, a senior executive said on Monday.

Ashish Thakkar, Founder, Mara Group. Credit: thenational.ae

GE, Mara Group & Atlas Merchant Capital partner to invest in infrastructure across Africa

General Electric Africa (GE), Mara Group and Atlas Merchant Capital have partnered to help address infrastructure challenges in Africa through investments in equity projects.

Jay Ireland, President, GE Africa

GE sees potential to double African revenue and employees in 5 years, says GE Africa President Jay Ireland

General Electric Co. sees the potential to double its African revenue and employees as the company expands in countries including Ethiopia and Mozambique, GE Africa President Jay Ireland said.

Africa expansion drives SABMiller, AB InBev mega-merger

Africa expansion drives SABMiller, AB InBev mega-merger

Access to African markets is a key driver in the planned mega-merger of brewing giants SAB Miller and AB InBev, according to industry insiders.

Here are 17 facts about Africa you might not know

Here are 17 facts about Africa you might not know

Here are some key facts and figures, courtesy of the Indo Asian News Service (IANS), about a continent that is not only one of the fastest growing regions of the world but one that is economically, culturally and linguistically diverse.

Change of pace: growing numbers of young Africans have flourishing businesses — Bloomberg/FT

New generation of African entrepreneurs lead the way

As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.

General Electric Co (GE) CEO for Africa, Jay Ireland. Photographer: Patrick T. Fallon/Bloomberg

GE books $2.5B in African orders from oil to locomotives, beating 2018 target by $500M

General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.

Change of pace: growing numbers of young Africans have flourishing businesses — Bloomberg/FT

African Entrepreneurs - A new generation leads the way: Financial Times (Report)

Start-ups are thriving and helping to change perceptions of business in Africa. As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.

Emmanuel Nnorom, CEO, Transcorp

Nigeria's Transcorp on track for 850 MW capacity this year, says CEO Emmanuel Nnorom

Nigeria’s Transcorp is on track to boost its power generation capacity to 850 megawatts (MW) by the end of 2015 from 610 megawatts last year, the company’s chief executive said on Friday.

Gloria Serobe, Founder & Executive Director, Wiphold

It's time for South African business to step up: Gloria Serobe, Founder & Executive Director, WIPHOLD

In all the discussions about who’s responsible for the woes of this country and who will lead us forward, there’s one player that seems to get a free pass.

Barth Nnaji, Nigeria's former Minister of Power & Geometric Power's CEO

Nigeria's former Power Minister Barth Nnaji's Geometric Power partners with GE to build 1,080 MW plant in Nigeria

Nigeria’s Geometric Power will build a 1,080 megawatt power plant jointly with General Electric , with the first phase of the project generating 500 MW expected to be completed in 2019 at a cost of $800 million.

Jeff Immelt, Chairman & CEO, GE

Accelerating South Africa's economic transformation: Jeff Immelt, Chairman & CEO, GE

Most people do not realize that the General Electric Company first came to South Africa in 1898—it was among our first offices overseas. For a brief period, and as part of the global effort to end apartheid, we left the country.

The new Tesla Energy Powerwall home battery

Could the Tesla Powerwall be the catalyst for Africa to leapfrog the electric grid?

The African continent is revolutionizing itself as the place where no infrastructure is no problem. This began in the telecommunications field.

China and US trade with Africa

U.S. Export Agency Doubles Africa Offices to Help Boost Trade

The U.S. Commercial Service, the export promotion arm of the Department of Commerce, doubled its presence in Africa over the past year to boost trade with some of the world’s fastest growing economies.

Nigeria: Racing ahead with ambitious infrastructure plans

Nigeria - Racing ahead with ambitious infrastructure plans: This is Africa/Financial Times (Infographic & Report)

Nigeria is a country of vast economic opportunity. It famously became the biggest economy in Africa in 2014, after an economic rebase almost doubled the size of its gross domestic product (GDP). At about $510bn, its economy is now bigger than South Africa’s (and among the top 30 in the world).

What’s Happening in Nigeria’s Economy? (Image credit: Bloomberg News)

What's happening in Nigeria's economy? The short answers

The Nigerian economy is being challenged by crashing oil prices despite the central bank’s best efforts to stem outflows.

Tewolde GebreMariam, CEO, Ethiopian Airlines

Ethiopian Airlines places $2.1B order for Boeing 737s

Ethiopian Airlines Enterprise, Africa’s largest carrier by revenue, agreed to buy 20 redesigned 737 models valued at $2.1 billion in the largest single order for Boeing (BA) Co. planes from the continent.

Tony Elumelu and Barack Obama at the Ubungo Power Plant

Heirs Holdings can generate a quarter of Nigeria's power needs within the next five years: Tony Elumelu, Chairman, Heirs Holdings

Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.”

A nurse wears a special uniform to be protected from the Ebola virus at a state hospital in Kenema, Sierra Leone, in August 2014.

Ebola a long-term 'blip' for Africa investors

When Africa investment consultant Melissa Cook landed in Abuja last week, Nigerian airport workers took her temperature for signs of Ebola.

Penny Pritzker, US Commerce Secretary, at the US-Africa Business Forum

Africa Summit Set the Stage for US Business. Now What?

As the dust settles after the U.S.-Africa Leaders’ Summit that took place in early August in Washington, a clearer picture is emerging of what it achieved.

Jeff Immelt, Chairman & CEO, General Electric

General Electric to invest $2B in Africa

Africa is expected to receive $2 billion worth of investments from multinational conglomerate GE (General Electric).

Business

Doing Business In Sub-Saharan Africa: Six Aspects To Consider

Many companies from the developed world are setting their sights on Africa as a new frontier for business.

Aliko Dangote, Africa's Richest Man

Africa's Richest Man: Aliko Dangote, Founder & CEO, Dangote Group (Video)

Africa’s Richest Man: Aliko Dangote, Founder & CEO, Dangote Group

Nigerian Naira (1000 Naira)

Nigeria, Argentina, and Vietnam Prove Top Picks for Multinationals - Frontier Strategy Group

Fresh from its coronation as the biggest economy in Africa, Nigeria has scored another first.

Jose Eduard Dos Santos, President of Angola

Angola to Buy Trains & Power Generators From GE in $1B Deal Financed by US Ex-Im Bank

Angola’s government plans to buy trains and power generators from General Electric Co. (GE) worth about $1 billion in a deal financed by the Export-Import Bank of the U.S., the lender’s president said.

Goodluck Jonathan

President Goodluck Ebele Jonathan ("GEJ") of Nigeria is clueless, incompetent, and callous: 35 reasons why this is a big lie

The Economist magazine recently published an article on Nigeria in which it described the government of President Goodluck Ebele Jonathan (“GEJ”) as “A clueless government”.