NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, July 28, 2005

The world’s top electric appliances maker yesterday opened a regional office in Nairobi.

General Electric international president and CEO (chief executive officer), Nani Beccalli, said the company believes there will be a significant growth in demand for its products in East Africa’s transport, energy and health industries over the next few years.

“Our new office in Nairobi presents an opportunity for us to be close to our customers, including Kenya Airways, Kenya Railways and the Aga Khan Hospital, ” said Mr Yibrah Tesfazghi, the company’s corporate and regional executive for Africa.

“Africa is an emerging market that is going to be a key driver of the global economy in the next 20 years,” said the company’s president and CEO for the Middle East and Africa, Mr Nabil Habayeb.
Story found here.