Africa is vast. It is varied. When it comes to the region’s development, a host of differing narratives shape the story around its economic progress.
With a long-standing presence in the region, GE has worked with, and helped to nurture its tremendous potential. And GE has plans to magnify its commitment to Africa, focusing on local innovation, partnerships, and investing in local healthcare, power, infrastructure, and energy businesses. GE in Africa has seen the many positive indicators first-hand: the size of the sub-Saharan economy has more than quadrupled since 2000. GDP is up—24 countries are growing at a rate greater than 5%—inflation has slowed, and African demographics are well positioned for growth: more than half the population is under age 20.
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