GE to invest $2 billion in Africa ~ wavuti

GE is hosting African and global government officials, policy experts, NGOs, entrepreneurs and business leaders for a conference on investment, infrastructure, and innovation in Africa.

In advance of President Obama’s US - Africa Leaders Summit, GE announced today that it will invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018.

The GE Foundation will invest $20 million over the next five years in health programs across Africa – including Nigeria, Kenya, Ghana, Rwanda, Uganda, Tanzania and Malawi – to train nurse anesthetists and biomedical equipment technicians, among other healthcare initiatives. -

In collaboration with the U.S. Africa Development Foundation and USAID, GE launched the “Power Africa Off-Grid Energy Challenge” and awarded six $100,000 grants to local enterprises to develop and expand off-grid solutions. Now in its second phase, the challenge has expanded to cover all six Power Africa countries by including Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania.