GE Plans $2 Billion Africa Spending: Bloomberg

General Electric's Chairman & CEO, Jeffrey Immelt

General Electric Co. (GE) will invest about $2 billion in African nations by 2018 and regards the continent as its most promising growth region, as reported today by Bloomberg (click through for full coverage).

The money will be spent building new infrastructure projects, training local workers and improving regional supply chains among other activities, the Fairfield, Connecticut-based company said in a statement today. GE already supplies trains for Nigeria’s rail network and aircraft engines for Kenya Airways Ltd.

“We remain a committed partner to Africa’s sustainable growth,” said Jeff Immelt, GE’s chairman and chief executive officer. The company has “great momentum in Africa and other developing regions.”

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