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Ethiopia Emerges As Africa’s Most Favourable Investment Destination

AFRICANGLOBE - In the last two years, Ethiopia has risen from the fourteenth place on the list of African foreign direct investment (FDI) recipients to the second place and the number of projects in the country have spiked by 88 percent. This is a direct result of a flourishing economy and a well-funded government.

General Electric To Splash 10bn On Africa Targets Nigeria’s Rail Sector

AFRICANGLOBE - General Electric (GE), a 123-year old American Conglomerate with operations in 130 countries around the world, is gearing up to further exploit the economic potentials inherent in African markets, especially Nigeria and Ethiopia.

Dangote, GE Partner to Develop Nigeria Infrastructure

AFRICANGLOBE - Dangote Industries Limited has signed a strategic agreement with General Electric (GE) to collaborate on power, transportation and oil and gas projects in order to address infrastructural gaps in Nigeria.

Nigerian Govt Sign $1Billion Plant Deal With General Electric

AFRICANGLOBE - The Federal Government and General Electric (GE) Company of the United States Thursrday sealed a $1 billion (N158 billion) investment deal on the establishment of a new manufacturing and assembly facility in Calabar, the Cross River State capital.

General Electric to Construct Power Plant In Nigeria

AFRICANGLOBE - General Electric (GE), an America electricity conglomerate,  is set to establish a power plant and an energy-training institute in Cross River, Nigeria, to...

GE and South Africa in Locomotive Milestone

A joint venture between South Africa's Transnet and US-based General Electric (GE) Transportation has delivered its first locomotive, the most advanced diesel electric locomotive...

U.S.-Exim Bank to Provide $1.5 Billion in $10 Billion Power Deal

The United States EXIM Bank has signed a Memorandum of Understanding (MoU) with Nigeria's Federal Government to provide $1.5billion as its commitment towards the...

GE and Kenya Plan New Projects

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.