General Electric Co, an American multinational conglomerate corporation,  is anticipating a double-digit revenue growth in its Africa operations over the next few years.

GE’s regional head made the statement on Friday; the expected increase is hinged upon rising demand for heavy equipment and power projects in Africa’s emerging market.

Jay Ireland, GE’s Africa chief executive, also told Reuters the company sees more opportunities in frontier African markets such as Ethiopia, Cameroon, Zambia and Mozambique.

Africa presently contributes about 1 per cent of GE’s overall revenue, or around $1.8 billion, Ireland said in an interview on the sidelines of the World Economic Forum on Africa taking place this week in Ethiopia.

“We’ve got a line of sight for continued good double-digit growth over the next three to five years in both revenue and orders,” he said.

As part of its strategy, the leading U.S. conglomerate is basing more senior executives in Africa.

Recently, the world’s largest maker of jet engines and electric turbines, GE signed a memorandum of understanding with the government of Nigeria, to help Africa’s second-largest economy build up its epileptic power grid.

Nigeria, a major source of GE’s African revenue, aims to develop 10 gigawatts of additional electricity-generating capacity over the next decade, after the privatisation of its power sector.

According to Ireland,  while South Africa and the oil-rich states of Nigeria and Angola currently account for the bulk of GE’s Africa business, the company is going more into smaller markets, where customers are increasingly looking for opportunities.