GE upgrades Nairobi to regional hubGeneral Electric Co, the largest US conglomerate, has upgraded its Nairobi office to a regional hub to serve its sub-Saharan Africa business.
It joins a string of multinationals including Bharti Airtel, Nestle, Heineken and Coca-Cola that has set their regional shops in Kenya thanks to the location of Nairobi and ease of getting skilled employees for their operations.
The firm also operates in Ghana, Senegal, Cameroon, Rwanda Ethiopia, Zambia, Senegal and Equatorial Guinea and has 1,200 staff on the continent.
“We are long term investors, I saw these trends in Brazil and China some two decades ago —
this is the time to invest in Africa,” Mr Jeffrey Immelt, the group chief executive at GE in Nairobi said in reference to the increased investor interest in the continent.
http://www.businessdaily...0/-/koc01w/-/index.html
GOD BLESS YOUR LIFE