General Electronics, an American multi-billion firm is eyeing Rwanda for investments in energy, healthcare and oil exploration related business, the company’s Africa President, Jay W. Ireland has revealed.
GE has the expertise in oil and gas exploration and production infrastructure, renewable natural gas, power generation and healthcare.
It has annual revenue of $180 billion a year and according to Ireland, who’s also GE CEO for Africa, generates a reported $7billion annual revenues.
Ireland noted that Rwanda is on their radar and if ongoing negotiations are successful could become one of the 22 countries in sub-Saharan Africa where the firm has operations but with the majority of revenues admittedly coming from Nigeria, Angola, South Africa, Ghana, Kenya and Tanzania.
The firm also says it is ready to provide equipments to oil and gas exploration companies if it’s confirmed that Rwanda’s suspected Oil wealth is a reality adding that the company has power generation solution capability of providing gas engine that uses methane gas as fuel.