Kenya will sign a Memorandum of Understanding on development with General Electric Company.
This was agreed after the company’s top executive led by its chairman and chief executive Jeffrey Immelt, and the President and CEO for Africa, Jay Freland were hosted by the vice president Kalonzo Musyoka at an inter-ministerial round table meeting in Nairobi yesterday.
During the meeting at Jogoo House, GE agreed to invest in refurbishing of locomotives and brand new standard gauge railway line aimed at modernizing the railway transportation other several infrastructural development, energy, health and ICT projects. “We have discussed various avenues on how we can partner and cooperate with the GE and in a week or so we will be signing an agreement that will help roll out these planned development,” said Vision 2030 CEO Mugo Kebati who was at the meeting.
Kalonzo who chaired the meeting said the investments which will run into billions of shillings will see the modernisation of the railway lines and locomotives, lease of aircraft for Kenya Airways as well as purchases of engines and provision of technical services. He said more details will be out once the MOU is drafted.
Kibati said GE’s entry into Kenya and partnership will greatly enhance Vision 2030’s transformational project delivery. “This partnership will ensure amajor focus on knowledge, technology transfer and human capacity development through the localisation of such activities as manufacturing of locomotives, assembling and maintenance, technical expertise in managing healthcare diagnostic centers and tele-medicine so that we just don’t buy the equipment from them but we help our people produce them.”
“The partnership also seek to benefit from GE’s success in embedding the culture of quality product and service delivery through the Six Sigma methodology which can be applied towards disciplined implementation of Vision 2030 projects” he added. Medical services minister Anyang’ Nyong’o said GE had expressed interest in investing in the health sector as well putting up specialized diagnostic and telemedicine centres. Energy Minister Kiraitu Murungi said the company was willing to invest more in geothermal and wind energy.