Siemens is all set to continue its growth in this fi scal year, especially in the emerging markets like Africa. On the occasion of the company’s global board members meeting in South Africa, Peter Löscher, President and CEO of Siemens AG reportedly announced that Siemens will be creating 500 new green jobs in Africa in the coming years. “Siemens will increasingly look to rapidly growing economies like Africa to meet our growth targets. Creating local green jobs will enable us to meet the growing demand for eco-friendly products and services throughout Africa,” he was quoted as saying. Th e company, by 2012 plans to triple new orders in Africa from their 2009 levels to €3 billion. With an average GDP growth in sub-Saharan Africa of about 5 percent in 2011, the region is one of the fastest growing markets in the world. In order to expand its business in Africa, Siemens is investing €200 million into building partnerships with African companies in the next two years. .