Siemens to invest additional 500 million euros in Africa

Staff Writer | December 18, 2018

Siemens will invest additional 500 million euro ($569 million) in Africa to support crucial projects such as the expansion of infrastructure and the education of young people, its chief executive said.

Africa Chief executive Joe Kaeser

"We have decided that Siemens will invest additional 500 million euro in the African continent," Joe Kaeser said at the Africa-Europe Forum in Vienna without elaborating further.

Africa needs reliable infrastructure and energy as well as affordable electricity to benefit from the digital age, he said. ■