|By Business Wire||
|August 4, 2014 12:01 AM EDT||
GE (NYSE:GE) announced today that it will invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018. GE made the announcement in advance of President Obama’s U.S.-Africa Leaders Summit, where 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.
Through partnerships and technology, GE is poised to help increase access, reliability, and affordability of core infrastructure throughout the continent. Africa has emerged as the most promising growth region for GE. Total GE revenues in Africa in 2013 were $5.2 billion and in the past year, GE has won more than $8.3 billion in orders across Africa.
GE Chairman and CEO Jeff Immelt said, “I am proud of our 100-year history in Africa. Through investments such as our new multi-modal manufacturing facility in Nigeria, Algeria gas turbine manufacturing, and our customer innovation center in South Africa, we remain a committed partner to Africa’s sustainable growth.”
GE will focus its investment in Africa in three strategic areas: building infrastructure; delivering localized solutions to customers; and capacity building, by providing skills training and growing supply chain development in local communities.
New GE commitments in Africa include:
- GE’s Distributed Power business will supply aeroderivative gas turbines in Algeria and Nigeria to increase grid reliability during peak power demands in Algeria and generate uninterrupted power at the Nigerian National Petroleum Corporation’s state oil refinery. As a founding partner for President Obama’s Power Africa initiative, GE committed to help bring online 5,000MW of new electric generation capacity in cooperation with the Initiative’s government and other private sector partners across six partner countries, including Nigeria.
- GE’s “Country-to-Company” agreement with the Government of Nigeria, which encourages the development of infrastructure projects and the transfer of skills and technology, will be renewed for another five years.
- GE will supply approximately $1 billion in railway and power equipment to Angola, under a bilateral agreement signed this week between the Export-Import Bank and Angola’s Ministry of Finance to finance infrastructure development projects in the country.
- 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.
Jay Ireland, President and CEO, GE Africa said, “GE has long been committed to unlocking Africa’s potential but, as our most recent deals in the region demonstrate, we believe there is still more that we can do. Our investments in infrastructure and people only strengthen our role as a key partner in helping to build Africa’s future.”
Nabil Habayeb, President and CEO, GE Middle East, North Africa & Turkey said, “Together with our regional partners, GE is elevating transformative ideas that have the potential to solve local challenges by lending scale and resources. GE is committed to empowering the communities in which it operates across the continent.”
Other commitments and recent announcements in Africa include:
Core infrastructure needs in Africa represent a $90 billion opportunity. GE is one of the leading American companies powering Africa. GE’s advanced technologies generate 25 percent of Africa’s gas power, and nearly 70 percent of the electricity distributed across Algeria.
- GE and Dangote Industries, one of the largest diversified industrial conglomerates in Africa, signed a strategic cooperation agreement last year, and a framework agreement for distributed power solutions this year. The partners will collaborate on major infrastructure projects – in power generation, rail transport, and the oil and gas sector.
- GE and the Tunisia Ministry of Development and International Cooperation signed a “Country-to-Company” MOU agreement, committing to develop local infrastructure through partnerships in transportation, healthcare, and electricity sectors.
- GE recently announced plans to invest in the Ghana 1000 project, which aims to bring 1,000 MW of power online over the next six years.
- GE South Africa Technologies has committed to supply Transnet with 233 locomotives, as well as develop a Supplier Development Fund with IDC and IFC that fosters the growth of subject matter experts throughout the GE supply chain in Africa. The partnership with Transnet has created hundreds of skilled jobs on both continents. With this new order, GE will be delivering 436 new locomotives operating in South Africa by 2017.
- In Algeria, GE is investing with partner, Sonelgaz, to build a new production plant manufacturing steam turbines, gas turbines, generators, and control systems that will deliver approximately 2 GW per year to meet the country’s growing electricity demand.
- GE received orders in Mozambique for 100 locomotives between 2012 and 2014. In early 2014, GE Transportation delivered the first four of 10 C30ACi locomotives that were ordered in 2012 to CFM (Portos e Caminhos de Ferro de Moçambique). GE will provide services and skills training in Mozambique. For this order, the engines are made in Pennsylvania and the locomotives are assembled at Transnet Engineering plant in South Africa.
GE is working with partners in Africa to drive sustainable development and solve local challenges by investing in technology, building capital markets and developing technical skills within communities.
- In Calabar, Nigeria, GE is investing more than $1 billion over five years to build technical expertise and infrastructure capacity across various sectors of the Nigerian economy. The investment includes $250 million toward a new multi-modal facility for manufacturing and assembling machinery that will create 2,300 new local jobs.
- As part of a $500 million agreement with Egypt’s Carbon Holding, GE will deliver an integrated solutions package featuring technologies and equity in one of the world’s largest petrochemical projects.
- By 2017, GE will invest $70 million into a Customer Innovation Center for skills development in South Africa, as well as $19 million into supplier development funds to provide financial and technical support for emerging local businesses.
- GE will provide an additional $350 million in services and technology to Nigeria’s subsea industry, including hiring of local field engineers and deployment of solutions from GE’s Oil & Gas business.
- 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.
- Together with the Federal Ministry of Health and USAID, GE Healthcare has entered into a $20 million five-year initiative to reduce child-maternal deaths in Nigeria. This partnership entails forming a new healthymagination Mother and Child Initiative as well as supporting the ongoing efforts of the Ministry of Health’s “Save One Million Lives” program, which tackles maternal and infant mortality in Nigeria.
GE empowers the communities in which it operates by providing skills training and developing leaders through partnerships with local governments, schools, and hospitals. We are investing in capacity building that will ensure sustained growth.
- Through its Apprenticeship program, over the next four years, GE Africa will spend up to $45 million to develop local Angolan talent.
- As part of its work with the Young African Leaders Initiative (YALI), GE will support YALI Regional Leadership Centers curriculum development, provide facilitated leadership training, and volunteer GE staff members to serve as mentors to youth.
- In Algeria, GE is partnering with the Ministry of Health to improve emergency care, modernize hospitals and support the government in developing 10 new teaching hospitals. GE launched its healthymagination program in Algeria in May, focused on consumer education and awareness of disease prevention.
- In partnership with AMIDEast, GE is investing in teacher training programs focused on increasing capabilities in the public education system in Libya, Tunis and Egypt.
- GE, Dangote Foundation and other partners are collaborating to create a skilled workforce in Nigeria. Both organizations are focused on training young people in order to maximize their potential for employment. Garages is designed as a convention for hands on training, work placement opportunities, and a leadership program designed for graduate students in manufacturing and various service industries.
“Over the last few years, we have expanded in growth markets by 15 percent each year,” Immelt said. “Our capability and culture give us great momentum in Africa and other developing regions around the world. We are solving problems for our customers and countries where we invest.”
GE (NYSE:GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immed...
May. 25, 2015 12:30 PM EDT Reads: 2,755
T-Mobile has been transforming the wireless industry with its “Uncarrier” initiatives. Today as T-Mobile’s IT organization works to transform itself in a like manner, technical foundations built over the last couple of years are now key to their drive for more Agile delivery practices. In his session at DevOps Summit, Martin Krienke, Sr Development Manager at T-Mobile, will discuss where they started their Continuous Delivery journey, where they are today, and where they are going in an effort ...
May. 25, 2015 12:00 PM EDT Reads: 1,120
Enterprises are fast realizing the importance of integrating SaaS/Cloud applications, API and on-premises data and processes, to unleash hidden value. This webinar explores how managers can use a Microservice-centric approach to aggressively tackle the unexpected new integration challenges posed by proliferation of cloud, mobile, social and big data projects. Industry analyst and SOA expert Jason Bloomberg will strip away the hype from microservices, and clearly identify their advantages and d...
May. 25, 2015 12:00 PM EDT Reads: 1,250
Container frameworks, such as Docker, provide a variety of benefits, including density of deployment across infrastructure, convenience for application developers to push updates with low operational hand-holding, and a fairly well-defined deployment workflow that can be orchestrated. Container frameworks also enable a DevOps approach to application development by cleanly separating concerns between operations and development teams. But running multi-container, multi-server apps with containers ...
May. 25, 2015 12:00 PM EDT Reads: 1,776
Software Development Solution category in The 2015 American Business Awards, and will ultimately be a Gold, Silver, or Bronze Stevie® Award winner in the program. More than 3,300 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration. "We are honored to be recognized as a leader in the software development industry by the Stevie Awards judges," said Steve Brodie, CEO of Electric Cloud. "We introduced ElectricFlow and our Deploy app...
May. 25, 2015 12:00 PM EDT Reads: 1,576
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...
May. 25, 2015 12:00 PM EDT Reads: 4,050
SYS-CON Events announced today that DragonGlass, an enterprise search platform, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. After eleven years of designing and building custom applications, OpenCrowd has launched DragonGlass, a cloud-based platform that enables the development of search-based applications. These are a new breed of applications that utilize a search index as their backbone for data...
May. 25, 2015 12:00 PM EDT Reads: 1,718
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
May. 25, 2015 11:30 AM EDT Reads: 3,447
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists will address the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affec...
May. 25, 2015 11:00 AM EDT Reads: 1,253
SYS-CON Events announced today that EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and database compatibility solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. EDB is the largest provider of Postgres software and services that provides enterprise-class performance and scalability and the open source freedom to divert budget from more costly traditiona...
May. 25, 2015 11:00 AM EDT Reads: 1,449
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
May. 25, 2015 11:00 AM EDT Reads: 4,736
Gartner predicts that the bulk of new IT spending by 2016 will be for cloud platforms and applications and that nearly half of large enterprises will have cloud deployments by the end of 2017. The benefits of the cloud may be clear for applications that can tolerate brief periods of downtime, but for critical applications like SQL Server, Oracle and SAP, companies need a strategy for HA and DR protection. While traditional SAN-based clusters are not possible in these environments, SANless cluste...
May. 25, 2015 11:00 AM EDT Reads: 1,418
Software Defined Storage provides many benefits for customers including agility, flexibility, faster adoption of new technology and cost effectiveness. However, for IT organizations it can be challenging and complex to build your Enterprise Grade Storage from software. In his session at Cloud Expo, Paul Turner, CMO at Cloudian, looked at the new Original Design Manufacturer (ODM) market and how it is changing the storage world. Now Software Defined Storage companies can build Enterprise grade ...
May. 25, 2015 11:00 AM EDT Reads: 4,448
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility. Internet connectivity has always played a role in customer access to web presence, but in the past few years u...
May. 25, 2015 10:00 AM EDT Reads: 5,509
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
May. 25, 2015 10:00 AM EDT Reads: 3,975