A Review of the Nigerian Energy Industry

Africa Investor commends GE’s partnership with Shell

10 June 2015, Lagos – United States multinational conglomerate, General Electric (GE) has received two prestigious awards from Africa Investor (Ai) in recognition of its significant contributions towards Africa’s infrastructure development.

GEThe Ai African Social Project Developer of the Year award was presented to GE at the Ai African Infrastructure Project Developer Summit and Awards on June 2, while The Transport Deal of the Year award was presented at Ai CEO Infrastructure Investment Summit and Awards on June 3, 2015.

GE received the Ai African Social Project Developer of the Year award for its unique partnership with Shell to address healthcare issues in Nigeria. The two multinationals had signed a Memorandum of Understanding (MoU) for a comprehensive healthcare project to be situated in Ogbia local government area in Nigeria.  The aim of the project was to provide the rural Oloibiri and its neighbouring communities with a fully equipped general hospital, four primary healthcare centres and also ensure that the healthcare workers are trained to international standards.

According to company, “The overall impact is not only on the physical infrastructure and the provision of healthcare services, but also in the inherent employment opportunities that this initiative provides.”

Commenting on the recognition, Thomas Konditi said:  “GE will continue to work with rural communities, governments and other stakeholders to deliver tailor made solutions to Africa’s toughest challenges in Healthcare.”

GE was awarded The Transport Deal of the Year for its project to provide 100 GE C30ACi locomotives to Instituto Nacional Dos Caminhos de Ferro Angola (INCFA) in Angola over the next three years. The deal shows confidence in regional trade through transportation infrastructure across Africa and will help to position Angola as a regional transportation hub.

Both awards were presented during the World Economic Forum on Africa, where Konditi met with clients, partners and government stakeholders from across the continent to discuss ways to bridge Africa’s remaining infrastructure gap. According to Konditi, the three things, which are most needed to do so are project finance, private public partnerships and skills development.

Ai’s Chief Executive Officer and Vice Chairman, Hubert Danso added: “Infrastructure is among the top priorities – if not the single most important priority – for Africa’s sustainable growth. Through a series of high-profile deals and investments, GE has proven to be a front runner in driving transactions and improving the continent’s infrastructure investment climate. We congratulate them on this recognition and thank them for their ongoing commitment to the continent.”

– This Day
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