U.S. engine maker Cummins mulls investing some USD 75mn in Africa - report.

By bne IntelliNews January 19, 2011
U.S. engine maker Cummins Inc is looking at opportunities to invest around USD 75mn in Africa over five years Reuters news agency reported. The funds would be invested in building engines used in sectors such as mining, power generation and oil and gas, the agency quoted the company's chief executive Tim Solso as saying. The possible countries where we might invest further are Egypt, Angola, Nigeria, Morocco and South Africa, the executive noted. Cummins already has operations in Nigeria and South Africa. In 2007, the U.S. corporation set up a joint-venture company, Cummins West Africa, in partnership with Nigerian company A.G. Leventis.

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