Standard Chartered Bank arranges a US$ 1.46 billion financing to fund the Standard Gauge Railway (SGR) Project……
The Government of the Democratic Republic of the Congo (DRC) and General Electric have announced signing of a Memorandum of Understanding (MoU) in infrastructure projects enabling the increase in the supply of electric energy and health modernization programs. The 3-year MoU seeks to accelerate the economic and social development of the country.
Under the MoU, GE will work with the government to explore power solutions that will increase electricity to the country’s grid to benefit thousands of households. GE will also work with the ministry of health for the modernization of the country’s health system at the primary, secondary and tertiary levels as well as the infrastructures and equipment for maternal and child health, cardiology, and oncology. The partnership will also focus on training and capacity building of local talent for the sustainability of the initiatives.
Speaking about the signing, GE Africa President and CEO Mr. Farid Fezoua said, “Partnership with governments and local companies form a very important part of GE’s growth in Africa, and we are honored today to collaborate with the government of the DRC as a key strategic partner for the country’s long-term development agenda. This gives us the opportunity to deliver innovative solutions to meet the unmet demand for the millions of citizens without electricity and those without access to quality healthcare.”
GE is currently involved in the rehabilitation of Inga IIB power plant and of Nseke Power Plant in the DRC and has successfully implemented renovation projects with the 1st interventional Cardiology and CT Scanner with 128 systems installed at the HJ Hospital and new imaging center of Camp Kokolo. In the past, GE Healthcare also led the installation of the Scanner 16 slices at Panzi Hospital, giving thousands of citizens access to the latest diagnostic solutions.
GE first started operating in Sub-Saharan Africa over 120 years ago and in 2011 renewed its focus to meet Africa’s current and future needs. The company has signed MOUs with the Governments of several countries such as Nigeria, Kenya, Angola, Ghana and now the DRC to develop infrastructure projects, including sustainable energy solutions as well as improving access to quality healthcare. These MOUs involve significant investments in creating jobs and human capital development.