|President and CEO of GE Africa, Jay Ireland|
For the second consecutive time, Jay Ireland President and Chief Executive Officer of General Electric (GE) Africa, has been named the Business Leader of the Year by Africa investor. GE was also named the Africa Investor employer and Human capital Investor of the Year. The awards were presented at the World Bank Annual meetings in Washington DC, United States.
Under Jay Ireland’s leadership, there have been significant GE investments across Africa. Early this year GE announced a $1billion manufacturing and Assembly facility in Calabar. The facility will service the Oil and Gas as well as the Power sector in Nigeria. Before then the infrastructure giants signed an MOU with the Federal Government of Nigeria to help develop an additional 10,000MegaWatts of power over the next ten years.
In Angola GE signed an MOU with the Ministry of Energy and Water of Angola on the 24th of June to generate 2000 MW of electric power generation. This will include the accomplishment of on-going generation projects in the northern region of Angola while providing the framework for cooperation in other parts of the country.
Apart from playing a major role in the reforms in the rail transportation sector with locomotives in South Africa, GE Africa has signed a partnership worth up to $5 million (R50million) with Johannesburg-based African Leadership Academy (ALA) aimed at transforming Africa by identifying, developing and connecting the next generation of African leaders.
The Africa Investor Awards are the longest-standing international awards on Africa to reward exceptional business practices, economic achievements and investments across Africa. They recognize the institutions and individuals improving the continent’s investment climate.
Speaking at a separate event after the awards, Jay Ireland said the award was a testament to the efforts that GE has made in recent years across Africa aimed at fostering partnerships and driving critical infrastructure projects across the continent. He said GE was committed to supporting the continent’s growth in various sectors such as health care, energy, transportation and aviation. “I am delighted with this recognition of the role GE is playing in Africa,” Ireland said.