Tag: GE

General Electric appoints Mohammed Mijindadi as President for its Nigerian subsidiary

Frank

NIGERIA – General Electric (GE), a multinational conglomerate, has announced the appointment of Mohammed Mijindadi as President of GE Nigeria. Mr Mijindadi brings over 20 years of deep domain experience as well as global and regional leadership expertise. He has been with GE for the last 13 years in the various commercial country and regional leadership business roles. In this role, Mr Mijindadi will focus on strengthening GE’s impact in Nigeria, building strong stakeholder relationships across Power, Healthcare, Aviation and Renewable Energy sectors, and supporting the businesses to develop and…

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Toshiba Corporation to abandon coal-fired power plants

Frank

WORLD – Japan’s multinational conglomerate Toshiba, will stop construction of new coal-fired power plants and shift to renewable energy in a bid to reduce greenhouse gas emissions, a spokeswoman revealed. “We still have ongoing projects, but we have decided to withdraw from building new coal-powered plants,” company spokeswoman Yoko Takagi told AFP. Toshiba, which currently has around 10 coal-fired station projects under way worldwide, is a major global player in the power sector. The company will instead increase investment in renewable energy, including parts for offshore wind-power facilities and research…

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General Electric to exit coal fired power plants as focus shifts to renewable energy

Frank

WORLD – The United States industrial giant General Electric (GE) has announced that it would shut or sell coal fired power sites as it prioritises its renewable energy and power generation businesses. In a press release, GE announced that its Steam Power business will work with customers on existing obligations as it pursues this exit, which may include divestitures, site closings, job impacts and appropriate considerations for publicly held subsidiaries. Russell Stokes, GE’s senior vice president, said: “With the continued transformation of GE, we are focused on power generation businesses…

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General Electric abandons Kenya’s Lamu coal power plant deal in energy policy shift

Frank

KENYA – American conglomerate General Electric (GE) will walk away from an agreement to build Kenya’s 1,050-megawatt coal-fired power plant in Lamu as it shifts to renewable energy. The move marks the latest setback for the proposed project by Amu Power, a joint venture in which Centum Investment Company is the majority shareholder with a 51 percent stake. “GE has announced that it intends to exit the new-build coal power market, subject to applicable consultation requirements,” the multinational said in a press release. “GE’s Steam Power business will work with…

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General Electric appoints Nyimpini Mabunda as Chief Executive Officer for Southern Africa

Frank

SOUTHERN AFRICA – General Electric (GE), a global digital industrial company, has announced the appointment of Nyimpini Mabunda as the Chief Executive Officer for Southern Africa. His mandate is to lead growth in the region and drive alignment across its Power, Healthcare, Aviation and Renewable Energy businesses. He will also drive GE’s BBBEE roadmap and processes in South Africa. Over his 23-year career, Nyimpini is an accomplished business leader with a track record of consistent performance and business transformation across FMCG, Telecoms and Financial Services having occupied senior roles in…

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GE Healthcare partners with Lunit to launch AI algorithms for chest x-rays

Frank

AFRICA – GE Healthcare, a subsidiary of General Electric, an American conglomerate, and is focused on the healthcare and pharmaceutical industry, has announced a suite of AI algorithms intended to lessen the clinical strain caused by COVID-19. The eight algorithms, from Lunit INSIGHT CXR, are capable of analysing chest x-rays to find abnormalities such as tuberculosis, lung nodules and pneumonia, an indicator of COVID-19 and a key cause of mortality in those who have contracted coronavirus. Known together as the Thoracic Care Suite, the algorithms offered by the solution flag…

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DRC and General Electric sign infrastructure agreement on power, healthcare and sustainability

Frank

DRC – 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…

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Nigeria secures US$1.16m from USTDA to fund feasibility study for Abuja Gas-to-Power Plant

Frank

NIGERIA – The Federal Government of Nigeria has received a US$1.16m grant from the US Trade and Development Agency for the feasibility study of a power plant to be built in Abuja. Nigerian National Petroleum Corporation and the USTDA signed the grant which will provide the technical, economic and financial analysis necessary for the development of a 1,350-megawatt combined cycle, natural gas-fired power plant in Abuja. USTDA in a statement said the project will utilize indigenous gas resources to address the growing demand for power in Nigeria’s Federal Capital Territory.…

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Sanad, Ethiopian Airlines partner to create a maintenance center of excellence in Africa

Frank

AFRICA – Sanad Aerotech, has signed an agreement with Ethiopian Airlines to create a Maintenance, Repair, and Overhaul (MRO) center of excellence in Africa. Sanad is a leading service provider of aircraft engine MRO solutions, a wholly owned subsidiary of the Abu Dhabi-based Mubadala Investment Company. A statement issued in Accra by the Airline said the agreement between the two parties paves the way for Sanad and Ethiopian Airlines to collaborate and maximise on untapped MRO business opportunities in the region. “Sanad and Ethiopian Airlines will establish a Centre of…

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General Electric wins contract to supply Azito power project with generation equipment

Frank

COTE D’IVORE – American multinational conglomerate, General Electric (GE) has been Selected to provide generation equipment for Azito’s Phase IV Extension Combined-Cycle Power Plant in Côte d’Ivoire. The American conglomerate which was ranked among the Fortune 500 as the 18th-largest firm in the U.S. by gross revenue also got a 20-Year maintenance service contract from the proprietors of the Azito Power Project. Once Phase IV Extension is Complete, the power plant is expected to generate approximately 710 Megawatts (MW), representing 30% of power in Côte d’Ivoire, a statement from GE…

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