Image

Rolls-Royce expands into East Africa

Rolls-Royce Holdings Plc, the renowned UK engineering firm, is making its mark in East Africa as it opens its first office in the region.

The move comes as the demand for engines to power renewable energy sources, locomotives, and ships continues to grow. With a population of over 174 million people and an impressive economic growth rate of 6.5%, countries like Kenya, Uganda, and Tanzania present a compelling case for Rolls-Royce’s expansion.

The company’s success in Nigeria, Africa’s largest economy, where its market share has doubled in the past three years, serves as a positive precedent for business prospects in East Africa.

Rolls-Royce aims to optimize its solutions and offerings for the African market while focusing on powering locomotives for Kenya Railways Corp. and providing electricity solutions for data centers.

Sustainable fuel prospects in East Africa

East Africa emerges as a promising hub for sustainable fuel generation due to its abundant access to raw materials, such as water for green hydrogen production.

Rolls-Royce recognizes the potential of this region and highlights the compatibility of its engines with sustainable fuels, including hydrotreated vegetable oils.

Kenya is already a leading producer of renewable energy, generating 80% of its power from sources like geothermal and wind. Furthermore, the country is considering nuclear generation as a crucial component of its energy mix, a concept that Rolls-Royce fully supports.

The company aims to take a prominent role in providing power solutions for land-based energy requirements as well as aviation needs.

Rolls-Royce currently has offices in Johannesburg and Cape Town in South Africa, a presence in Zambia’s mining industry, and representation in Nigeria, and it seeks to expand its reach further in the African market.

Related Posts

FNB Foundation,PEP to enhance education readiness

First National Bank Botswana, through its FNB Foundation, has signed a Memorandum of Understanding (MoU) with retail giant…

Standard Chartered tops Ghana banking customer experience rankings

Standard Chartered Bank Ghana has once again secured its position as the leading provider of customer service in…

PAC Holdings appoints Nentok Gomwalk Group Executive Director

PanAfrican Capital Holdings Limited (PAC Holdings) has appointed Nentok Gomwalk as Group Executive Director (GED). Gomwalk’s was formerly…

ARM launches N200bn Financing for SMEs

ARM Investment Managers has launched a N200 billion Private Debt Fund targeted at providing long term financial aid for Nigeria’s small…