South Africa: Gauteng Province and GE Sign Memorandum of Understanding to Advance Economic Development

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The Gauteng Province and GE, an American multinational corporation, have signed a Memorandum of Understanding (MoU) to collaborate on projects in the key economic sectors of the region’s healthcare and energy industries.

Under the MoU, GE and the Office of the Premier will work together to identify critical areas for collaboration and leverage on economic opportunities within the Gauteng Province.

“We are delighted to be going into a partnership with a world-renowned company such as GE which not only supports our vision of turning Gauteng into a globally competitive City Region, but will also help us create an inclusive economy that will see the youth of Gauteng become active agents in the economy,” said Gauteng Premier, David Makhura.

Speaking at the signing ceremony, he added that the collaboration will also see GE support the Premier’s Office’s ‘Tshepo 1 Million’ programme, an employment creation and entrepreneurship development initiative aimed at training and mentoring young people through empowering projects.

“Our social responsibility platform aims to empower people by building valuable skills, equipping communities with new tools and technology and elevating innovative ideas that are helping solve Africa’s challenges,” said Jay Ireland, President and CEO of GE Africa.

“This collaboration reinforces our commitment to support South Africa’s socio-economic growth through innovative and localized solutions,” he continued.

GE has demonstrated a strong commitment to contribute to South Africa’s sustainable development especially in small and medium enterprise development.  In 2016, GE opened the Africa Innovation Centre that is an integrated Centre dedicated to leveraging GE’s global expertise for innovation in Africa. The Centre is the 10th GE Innovation Centre globally and the 1st Innovation Centre for GE in Africa.

GE has, in the recent past, signed MoUs with the governments of several countries, including Angola, Ghana, Nigeria and Kenya to develop infrastructure projects, including sustainable energy solutions, providing efficient and reliable transportation as well as improving access to quality healthcare.

 

 

 

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