Manufacturing and electronics giant Siemens has partnered with the governments of Uganda and Sudan to collaborate on key projects in the areas of power supply, industry, transportation and healthcare.
The states signed the corresponding Memoranda of Understanding (MoU) at the World Economic Forum 2017 in Durban.
This partnership comes as African countries look to establish infrastructure and industrial projects that can fully exploit their own economic potential. Spending on infrastructure on the continent has more than doubled to $80 billion over the last 15 years, and there are numerous opportunities for growth all over.
However, half of the more than one billion people who lack access to electric power worldwide are in Africa. A reliable and extensive power supply system is the fundamental prerequisite for economic growth, and in Uganda and Sudan, Siemens’ primary goal is to increase national power generating capacities and to connect the local population to the power grids.
Under these agreements, Siemens and its partners will develop solutions in the areas of power supply, transportation, industry and healthcare, as well as continuing training programs for various technical fields in order to create a pool of well-trained local workers.
This initiative is part of the “Make IT Alliance”, an initiative by the German Federal Ministry of Economic Cooperation and Development to promote start-ups, and technology companies across the African continent. The agreement was signed in the presence of Guenter Nooke, the German Chancellor's Personal Representative for Africa in the ministry.
“Africa’s economies are gaining ground and can develop their full potential with the right partner. Siemens wants to support their sustainable development – with solutions and projects in Africa, for Africa. The agreements with our African partners are important steps along this path,” said Joe Kaeser, President and CEO of Siemens AG. “Our goal is to double our order intake in Africa to more than €3 billion by the year 2020.”
“Africa is a continent with economic opportunities", Brigitte Zypries, German Federal Minister for Economics and Energy, said, "and the German industry is an outstanding partner for the countries of Africa to realize these opportunities. I am very pleased that with the agreements signed today, good progress is being made towards the goal of better infrastructure and thus more growth and employment.”
Siemens has already developed financing solutions for its mega-project in Egypt and power plant projects in Nigeria and is supporting its African partners’ efforts to implement these major infrastructure projects. Siemens promotes economic growth in Africa through far-reaching partnerships in the competence fields of power generation, transportation and healthcare, as well as the digitalization of industry.
“Siemens is a company that invests for the long term, and we are interested in the long-term fundamentals of these markets and the diversification of their economies,” said Sabine Dall’Omo, CEO of Siemens Southern and Eastern Africa. “The opportunity for industrialization in Africa is now. It is estimated that Africa imports one-third of the food, beverages and other similar processed goods it consumers. The potential exists for Africa-based companies to meet this domestic demand and in so doing create sustainable revenue streams and opportunities for job creation.”
Cover Image: Signing of Uganda MOU: (L-R) Joe Kaeser, Siemens Global President and CEO; Hon. Minister of Finance Matia Kasaija, Uganda; Mesut Sahin, CEO MMEC Mannesman, GermanyShare this article via: