BUSINESS NEWS

Toshiba invest heavily in Africa

Happy face. Toshiba Africa: MD Iwasuke Shimada says the African Continent has the potential to grow energy.

This was revealed by the company’s headhonchos at the media brief in Sandton on Thursday.

Toshiba, a Japanese company forms part of worldwide organizations that are based in South Africa solidifying and seeking investment opportunities.

Currently, Toshiba has 12 offices on the African Continent having operated over 50 years’ and according to Managing Director: Toshiba Africa, Iwasuke Shimada that could expand “depending on the demand and contracts”.

“Due to the demand for energy competition is on the rise from other European countries but we hope to provide the best technology solutions the company is best renowned for,” he said.

The company has also confirmed its Private, Public Partnership with Africa having signed MOUs with the likes of Malawi, Kenya, Ethiopia and others, as part of its ‘Africa and Toshiba Partnerships -a better future’ marketing tagline.

In SA the company has a huge contract with the troubled utility supplier Eskom, and also provides electric locomotives to Transnet, amongst others.

Toshiba as part of its educational programs in Africa, has through some universities in Japan, invited trainees to study the Geothermal Power model.

In the Alexandra Township, a stone throw away from Sandton, they’ve invited their staff to aid with LEAP 3 Maths and Science studies.

Toyoaki Fujita- Business Executiveat Toshiba says they also have a presence in the Middle East and that the MOUs will go a long way in fostering relations with other Continents, without divulging figures.

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