BUSINESS DAY TV: Siemens aims to power up some of Africa’s economies
Joe Kaeser, CEO of Siemens, speaks to Business Day TV about the business opportunity in Africa’s electrification the intro
BUSINESS DAY TV: Siemens has announced that it has signed an agreement with Uganda and Sudan to support development in the areas of power supply, industry, transport and healthcare. Joining me to discuss the details is Joe Kaeser, the CEO of Siemens. Joe … so walk us through the rationale between selecting Uganda and Sudan specifically. JOE KAESER: It could have been any other African country, honestly. We are really taking another immense step to actually help the other countries who want to rebuild their economy and also society. And what we typically do in the beginning is we need to make sure they have reliable affordable and sustainable energy. It gets pretty dark at night if there is no electrical power, which is the baseline of any economic development. And then you’ve got to look into the infrastructure. How you can most efficiently move people and goods especially in the agricultural environments such as in Africa for the most part where you need to bring the groceries very...
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