Giant US Firm General Electric plans further investments in the Rwandan Aviation Sector
17/12/2012
During an interview for the Rwandan Newspaper (The New Times), J Way Ireland the CEO of General Eletric Africa has announced that its firm plans to expand investments in the Rwandan Aviation Sector. Although talks with the Governement have began, it’s too early to know what will be projects.
“As I told you earlier, our company is infrastructure based, so our goal is to continue to grow our business along with growth of the African economies; we think that there is tremendous need especially for energy and aviation industry in Rwanda and other African countries.”
GE has alreay a presence in the Rwandan Aviation Sector, in deed GE is one of biggest aircraft lessor in the world. RwandAir is leasing two B737-500s from GECAS, since 2010. GE will also invest in others fields such as energy or healthcare.
“Rwanda has a great potential for investment; it ranks highly in World Bank Doing Business index, and that is one of the key things you look out for when you are considering where to invest your money. Apart ,from that Rwanda is one of the fastest growing economies on Africa continent.”
To read the whole interview : HERE
About GE :
The General Electric Company, commonly abbreviated simply to GE, is a major technology conglomerate based in the United States. General Electric was founded in Menlo Park, New Jersey, in 1878, by Thomas Edison, the inventor of the light bulb. The market capital is more than $100 billion and revenues are around $180 billion a year; in sub-Saharan Africa we are about $7 bilion in revenues.
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