General Electric is planning to invest more than $2 billion in Africa over the next four years.
Some of the money will go to training programs for workers and a new manufacturing plant. GE will also address Africa’s energy needs and provide gas turbines to help with an electricity shortfall throughout Algeria.
Nigeria’s state oil refinery will also get some of that equipment. Angola is expecting $1 billion for the development of its railways.
GE says African economies have become key to its overall growth. The company made $5.2 billion in revenue from its African operations last year.
For more on General Electric’s investment in the world’s developing markets, CCTV White House Correspondent Jessica Stone spoke to Jay Ireland, President and CEO of GE Africa.