GE to invest $2 billion to boost African energy

Published August 4, 2014 by TNJ Staff
African and Caribbean
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The logo of U.S. conglomerate General Electric is pictured at the company's site in Belfort, June 23, 2014. Credit: Reuters/Vincent KesslerGeneral Electric Co (GE.N) on Monday pledged to invest $2 billion in Africa by 2018 to boost infrastructure, worker skills and access to energy, an announcement timed to coincide with a U.S. summit meeting of nearly 50 African leaders.

U.S. companies still have opportunities to catch up to China, Europe and Japan, who have made bigger strides in investing in the fast-growing continent, GE Chief Executive Officer Jeffrey Immelt said.

Read More At Reuters.

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TNJ Staff