MSGBC oil summit will encourage SMEs – AOP

Africa Oil and Power has sealed a deal with Invest in Africa, a business and investment promotion association, to drive the participation of local suppliers in the energy sector at the coming MSGBC Oil, Gas and Power 2021 Conference and Exhibition.

The partnership aims at expanding the presence of African Small and Medium-sized Enterprises, AOP stated on Tuesday.

It will also connect multinationals and International Oil Companies to credible local suppliers; facilitating collaboration with partners, vendors, clients and governments; and ensuring that large-scale energy developments translate into tangible opportunities for indigenous businesses, it added.

“Invest in Africa has a particular interest in this summit because it allows key stakeholders of the extractive industries and energies around the MSGBC Basin to meet and access the same level of information on ongoing operations, as well as development prospects,” African Partner Pool Manager at IIA, Ibrahima Talla, was quoted to have said. “This constitutes the foundation of the local content promoted and advocated by IIA. We are convinced that this forum will promote the establishment of partnerships that will foster the creation and sharing of value.”

According to IIA, the investment promotion platform has created 80,000 jobs, trained over 260 SMEs and retained $116m within local economies to date.

Hosted in Dakar, Senegal, on October 26- to 27, the ‘MSGBC Oil, Gas & Power 2021’ seeks to begin a new era of regional cooperation and integration across the energy sector, from hydrocarbons to renewables to power access and reliability, the statement added.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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