GE Chairman, AfDB Finance VP discuss partnership opportunities in Africa


The Global Chairman and CEO of General Electric (GE), Jeff Immelt and the GE leadership team held a working session with senior African Development Bank leadership led by its Acting First Vice-President, Charles Boamah in Abidjan, Côte d’Ivoire.

Both parties discussed mutually beneficial opportunities that will broaden and deepen existing relationships.

“General Electric relationship with the African Development Bank is key for our strategy on the African continent. As you know Africa is one of the most promising growth regions for our business,” says Immelt.

Commenting on the outcome of the working session, Boamah commended the President of General Electric for the company’s significant and increasing investments in key sectors in African such as healthcare, infrastructure, energy, oil and gas. Private sector players like General Electric can play a critical role in bridging Africa’s infrastructure gap.

“Africa’s development financing needs are huge and meeting them requires strategic partnerships with the private sector,” says Boamah.

The AfDB’s Acting First Vice-President says infrastructure is a key pillar in the Bank’s 2013-2022 Strategy.

It is in the backdrop of this strategic focus that the Bank launched the Africa50 Infrastructure Fund, an innovative infrastructure investment platform that aims at accelerating infrastructure projects in Africa by mobilizing public savings and leveraging finance from the private sector.

At Africa50’s Constitutive General Assembly in July 2015 in Casablanca, Morocco, 20 African countries and the AfDB subscribed for an initial aggregate amount of USD 830 million in share capital.



About Author

Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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