General Electric to take over Nigeria Railway Corporation next year
The Federal Government said yesterday that American company, General Electric (GE) would take over the management of the Nigeria Railway Corporation (NRC) under a concession plan between January and March 2017.
General Electric returns $25 billion to shareholders
Of the $319 billion backlog, $234 billion was from industrial services, marking the single largest services backlog quarter ever for GE Power, GE Renewable Energy, and GE Aviation.
African CEOs harp on power generation for business growth in continent
The Africa’s power sector was one of the key issues discussed at last month’s World Economic Forum on Africa, held in Kigali, Rwanda.
General Electric slashing finance arm, sells $26.5 bn in real estate
General Electric announced Friday it was getting out of most of its finance business, slashing back GE Capital and selling $26.5 billion worth of real estate. The US industrial giant said the move could generate as much as $90 billion to be returned to investors over the next three years via dividends, share buybacks and…