DURBAN, South Africa May 4 German industrial
group Siemens aims to double its order intake in
Africa to more than 3 billion euros ($3.3 billion) by 2020, its
chief executive officer Joe Kaeser said on Thursday.
Siemens signed memoranda of understanding with Uganda and
Sudan on the sidelines of the World Economic Forum on Africa in
the South African city of Durban, as the company seeks to work
more closely with the African countries in the areas of power
supply, industry, transportation and healthcare.
"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," Kaeser said.
"Our goal is to double our order intake in Africa to more
than 3 billion euros by the year 2020."
Africa is seen as an investment destination, thanks to
abundant resources and a big population.
Siemens on Thursday beat market forecasts for orders,
revenue and profits in its fiscal second quarter as all of its
operations except the healthcare business it plans to spin off
exceeded profit expectations.
($1 = 0.9158 euros)
(Reporting by Olivia Kumwenda-Mtambo; Editing by Mark Potter)