IIA NEWS IN Ghana

The Ashanti Regional Minister, Simon Osei Mensah has commissioned the Obuasi Enterprise and Skills Development Centre.

The Center, which was jointly established by Anglogold Ashanti Ghana, and the AGA Community Trust Fund, is expected to be a one-stop hub to provide solutions to local businesses and to support skills development and capacity building.

Speaking at a ceremony to commission the centre, Mr. Simon Osei Mensah commended Anglogold Ashanti for investing in skill development in Obuasi. He said Anglogold Ashanti has demonstrated enough commitment to provide alternatives to diversify the economy of Obuasi and provide alternatives to the Mine.

He said, “not long ago, I was here to commission the Training and Rehabilitation Centre for Persons with Disability constructed by Anglogold Ashanti. These and many other interventions by Anglogold Ashanti which are contained in their Social Management Plan need to be applauded”. He talked about the importance of Technical and Vocational Education and Training (TVET).

He emphasized that in order to reduce unemployment and improve the standards of education in the country, it was imperative to incorporate the needs of private sector players in the decision-making processes. He called for the support of all stakeholders to make TVET attractive to the youth.

The Managing Director of Anglogold Ashanti, Eric Asubonteng in his speech said the Obuasi Enterprise and Skills Development Centre has the potential to boost the local Obuasi economy by developing market-ready programmes that will improve the livelihoods of the youth and make them self-reliant.

“We are convinced that this centre will, to a large extent, improve both human and economic capital, and assist in the development and fast flow of business activities in Obuasi and our other host communities”.

Collaboration with invest Africa

Eric Asubonteng mentioned that through AGA’s collaboration with Invest in Africa (IIA); a not-for-profit organisation with the vision to create thriving African economies, 100 Small and Medium-sized Enterprises in Obuasi have been placed on the African Partner Pool platform.

This he said, is intended to promote their products and services and the standards they can deliver to make it easier for big companies to find them. He again revealed that through this collaboration, about 102 jobs have been created.

Obuasi Enterprise and Skills Development Centre

The centre forms part of the Enterprise Development Programme under the 3-year Social Management Plan of Anglogold Ashanti Ghana.

It is disability friendly and made up of a multi-purpose conference/ training centre, a business centre, 8 mini- meeting areas, a fully-equipped leather workshop, a fully-equipped industrial centre, a bead-making centre, and a hand sanitiser production centre.

The refurbished facility, which hitherto, served as a recreational centre, has so far supported over 600 businesses in Obuasi. Awards were presented to persons who have gone through training at the centre.

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The Ministry of Petroleum and Energy, Cos-Petrogaz and the Business Council of Renewable Energy of Senegal (Coperes) are organizing, in partnership with Energy, Capital and Power (EPC), MSGBC Oil, Gas & Power 2021, taking place on December 13 to 14, 2021 at the Centre International de Conference Abdou DIOUF (CICAD) in Diamniadio.

Under the theme #ANewWaveOfInvestment, MSGBC Oil, Gas & Power 2021 will showcase some of the major projects coming onstream over the course of 2023-2024 including SNE, Sangomar, GTA, and flagship projects in the renewable energy industry like the Taiba N´Diaye wind farm.

“This landmark conference will help stimulate investment in our country in this sector, with the forthcoming prospects for oil and gas exploitation, and also in the renewable energy sector in which our country has made significant progress with nearly 30% clean energy in the electricity grid. The imminent arrival of local gas will make Senegal energy independent and constitute a significant element of our energy transition, considering climate change, to produce clean and accessible energy at a lower cost, thanks to innovative programs in this area,” H.E. Aissatou Sophie Gladima, Minister of Petroleum and Energy states.

MSGBC Oil, Gas & Power International Conference Director, Sandra Jeque notes that: “ECP is excited and grateful to have the strong support from our local partners in Senegal and throughout the MSBC region. It is one of the most promising regions for oil exploration and production in West Africa. The conference will feature a number of crucial themes such as the role of natural gas in Senegal, gas-to-power projects, energy transition, local content development and capacity building, and creating new career opportunities for women in energy.”

Emphasizing the international dimension of the MSGBC 2021 conference, she added that “we look forward to welcoming a large number of IOC’s, regional NOC’s and the Ministries of Petroleum and Energy from throughout the sub-region, as well as world-class speakers, both local and international. ECP sees the MSGBC Basin as strategic region that will shape sub-Saharan Africa’s oil and gas sector for years to come, and as such, ECP is strongly committed to the MSGBC region, not just for this high-level event in 2021, but for the long term as a strategic partner for all of the key stakeholders in the region.”

MSGBC Oil, Gas & Power 2021 will see the strong participation of official delegations from many sub-Saharan African countries, in particular those from the MSGBC sedimentary basin (Mauritania, Senegal, The Gambia, Guinea Bissau and Guinea Conakry), as well as other oil- producing countries from West Africa and North Africa, alongside investment partners from Europe, the Middle East, North America and Asia.

To find out more information regarding speaker or sponsorship opportunities at the MSGBC Oil, Gas & Power 2021, please visit www.msgbc2021.com or contact sales@energycapitalpower.com, manuelle@energycapitalpower.com serigne@energycapitalpower.com

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Africa Oil Week has a proven track record of gathering the most prominent names across the oil, gas and energy value chain. This year�s in-person event in Dubai is no different. Hundreds have confirmed their place, see the list of companies registered so far.

 
 

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It includes the most established names in the upstream, from major, independent, and national oil companies, to ministries, Geos and oilfield services.

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Accra, 15 September 2021 – Invest in Africa (IIA), a not-for-profit organisation focused on growing local small and medium enterprises (SMEs) across sub-Saharan Africa, has been selected by Tullow Ghana Limited to implement its recently launched Financial Readiness programme.

The Financial Readiness programme is an eight-month programme, launched in August 2021, with the goal of assisting suppliers in the oil and gas industry to build financially resilient and sustainable businesses for the future.

IIA will provide selected suppliers with financial tool kits that will enhance their interactions with lending institutions and offer 150 SMEs access to various funding options, as well as insights into financial restructuring opportunities.

Alongside hosting workshops, IIA will offer more tailored, one-to-one business advisory support to Tullow Ghana’s larger suppliers. These will be delivered on the back of a successful track record of similar interventions led by IIA.

Speaking on the potential impact of the programme, IIA Ghana’s Country Director Carol Annang said: “In many ways, the pandemic has reshaped how we conduct business. Its ramifications on financing for Ghanaian SMEs may be felt many years down the line, so even though this programme has a short-term outlook, its overall contribution to these SMEs will be much longer lasting. This is something both IIA and Tullow Ghana can appreciate, given our shared commitment to strengthening local supply chains.”

Wissam Al Monthiry, Managing Director of Tullow Ghana, on his part, said “As a company, the development of local capacity for participation in the oil and gas industry remains our priority. Central to developing local participation, is the ability of our local supply chain to remain financially resilient to continue participating in delivering oil and gas services to our operations. This Financial Readiness programme will add to our goal of ensuring a financially stable supplier base that is globally competitive”.

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With one of the sub-region’s highest rates of access to energy, increasing demand and rapid urbanisation, Senegal’s energy sector is regionally advanced. This is apparent in a domestic setting as well as industrially, as manufacturing expands and the economy diversifies.

To prop up this progress, requires tip top utility infrastructure. Fast-growing electrical installation company, Meltec, is keenly aware of the opportunity. Created in 2014, they had no choice but to outpace development of their more established competitors and have done so methodically since launching, with annual turnover growing 15%, on average.

Meltec’s commitment to customer satisfaction ensures design and installation of electrical systems is of the highest standard. All areas of involvement are thoroughly considered to enhance efficiency and competitiveness for their clients, offering an excellent end-to-end service across a range of project requirements from industry to tertiary. Meltec’s areas of operations are also aligned to service growing sectors like renewable energy and IT networks.

Leading the forward-thinking company into this decade and beyond is the dynamic Khadime Thioune. Leveraging his experience in project management, he plans to scale operations, and rapidly. By 2022, Khadime wants to double Meltec’s profits. With a fourfold increase in the workforce and turnover of USD2m, the company is following the right growth trajectory.

Meltec’s partnership with IIA is crucial in realising this growth. During the pandemic, tailored business coaching support encouraged Meltec to target the country’s lucrative oil & gas sector – in which Khadime wants to play in influential role. Through IIA, Meltec has plugged into a network of well-established multinationals with a Senegalese footprint. Meltec is involved in the construction of the Halliburton LMP platform in the country’s capital, Dakar, contracted by Sepco.

Despite the range of business challenges, an undeterred ambition and IIA support ensures Meltec protects its dream of national development. It continues to make huge strides in its quest to provide good-paying, sustainable jobs for the nation’s youth, and eventually the wider region – with the help of the African Continental Free Trade Agreement.  

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Accra, 25 August 2021Invest in Africa (IIA), a not-for-profit organisation focused on growing local Small and Medium Enterprises (SMEs) in Ghana and across Sub-Saharan Africa to deliver positive economic impact and create jobs, have signed a Memorandum of Understanding (MoU) with the Ghana Enterprises Agency (GEA). Based on synergies identified through their respective Recovery and Resilience Programs funded by the Mastercard Foundation, both organisations are collaborating to strengthen the resilience of local businesses and young entrepreneurs.

The MoU, signed 7th July 2021, will be valid for 12 months and will support between 500 to 1,000 Micro, Small and Medium Enterprises (MSMEs). Business Development Services (BDS) and training aimed at improving compliance and regulatory standards in the food and beverage manufacturing industry, will be one of the interventions of focus. As the industry expands across Ghana, there is wide acknowledgement that lack of knowledge and training in safety standards poses a potential barrier to its continued growth.

The GEA is an Agency under the Ministry of Trade and Industry (MoTI) mandated to promote and develop the MSME Sector in Ghana. Since the COVID 19 pandemic, the GEA has focused on supporting local businesses as they navigate challenges resulting from the Pandemic and begin preparing for opportunities created by the African Continental Free Trade Agreement (AfCFTA).

Commenting on the signing of the MoU, IIA Ghana Country Director, Carol Annang said, “We are privileged to join forces with GEA, as we look to build back better following the effects of the Pandemic. The synergies between us will ensure we deliver considered interventions to help the food and beverage industry back onto its feet. However, this is only the beginning, we recognise the potential of this Sector has and will help MSMEs target opportunities that arise as a result of the AfCFTA”.

The Chief Executive Officer of GEA, Mrs. Kosi Yankey-Ayeh stated that “The growth in the Sector over the last few decades has been astounding, proving to be a bedrock for sustainable employment opportunities across the country. We want to continue increasing that contribution to the economy as we strive to endlessly improve standards, hold ourselves to better knowledge sharing and capacity building which will help further strengthen our MSMEs”.

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More than most things, avocados symbolise middle-class millennials in the global north. Their journey from seedling to fruit, and a trip thousands of kilometres away represents opportunities further afield, in the developing world.

Great Global Traders, a Kenya-based start-up is an emerging member of this multi-billion dollar industry, established to empower marginalised members of the community. Focused on uplifting women and youth, Rosemary Muita’s business employs 800 professionally trained smallholder farmers across four counties, with expansion in her sights.

Entirely locally owned and operated, armed with an export licence for high-quality domestic produce, and with agri-processing opportunities, Rosemary’s business and vision show us what an AfCFTA-enabled future could look like.

Even when she first started with a handful of female farmers in a co-operative, she dreamed big, “If you think small, you stay small,” she explained. By training them in agricultural best practices and advocating organic growing methods, her network expanded.

This helped her envisage a future plans, prioritising export of avocados, developing a nuclear farm and having her own processing plant. By appointing a commercial coach, Invest in Africa helped her distil this into a decade-long plan, introduce digital marketing tools and formalise her business, developing a structure and hierarchy, allowing her to expand methodically.

Breaking cultural barriers preventing women from attaining financial independence remains central to her plans.

Rosemary has experienced this first-hand herself. Not having assets to collateralise loans, banks turn her away. “In Kenya women are not granted land rights, and the like, making it almost impossible to get funding. I have enquired with local banks but also some abroad and always the same story,” she lamented.

Such impediments lower the threshold of professional accomplishment and deter ambition 

for many women. Invest In Africa’s commitment to building inclusive economies is to break precisely these kinds of barriers. Rosemary is determined not to fall victim to this despite opportunities for growth being affected as a result.

Just as Great Global Traders were preparing to export into America, Europe and the Middle East, the pandemic struck, interrupting an important growth phase and crucial revenue streams. Unable to pay the farmers, and searching for revenue, Rosemary is powering on.

Learn more about Great Global Traders here: https://www.greatglobal.co.ke/ 

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Kenya’s economy is largely driven by Micro Small and Medium Enterprises (MSMEs) and an informal sector that accounts for over 80% per cent of the total workforce. SMEs employ about 85% of Kenyan labour force which is close to 7.5 million aggregate employment (Gure & Karugu, 2018).  MSMEs utilize locally accessible resources, foster innovation, employ technology, assemble small-dispersed private savings, and foster entrepreneurship development. They are key to not only driving industrialization as envisaged in Vision 2030 but are also crucial in achievement of the Sustainable Development Goals (SDGs) geared towards improved, equitable and sustained human development.

The impact of the COVID-19 pandemic on MSMEs has been immediately very detrimental and will continue to reverberate over a long recovery phase.   Multiple factors ranging from direct and indirect human health outcomes, disruption on supply chains, massive lay offs, decreased air freight services and limited outbound air freights continue to be felt as the country braces for the fourth wave of the predominant Delta variant. In the service industry, the drop in customers means no cash coming in to offset expenses and therefore a looming shut down and lay off of thousands of businesses and their employees will have ripple effects on clients, vendors, tertiary businesses, and the overall national economy. Service providers such as restaurants have been closed or switched to only take-away services, which has had direct and notable loss of income to the agricultural and transportation sector as well. In some parts of the country, gyms, daycare centers, hair salons and spas, retailers etc. have also shut down or operated on quarantine sensitive timeframes and social distancing in compliance to Ministry of Health recommendations.  The COVID-19 pandemic while often referred to as an unprecedented crisis has been a low probability high impact predicted event among scientists including infectious disease investigators. The pandemic has tested national level response capacity and will demand a robust recovery strategy that is cognizant and responsive to capacity to build back better in the face of disasters.  

As the cost in estimate the loss of lives and livelihoods continues to mount, it is very clear that the pandemic will affect the MSME ecosystem in an unprecedented way. At a macro level, The World Bank, cut Kenya’s 2021 economic growth projections to 4.5% compared to the previous projection of 6.8% growth which was to be the fastest in Africa, due to the impacts of COVID-19. This points to the need for MSME ecosystem stakeholders to act with a sense of urgency in protecting MSMEs from further impact, as well as buffer them from ongoing and future disasters which will have compounding shocks on the system. Historically, consideration of disaster impacts on MSMEs has not been prioritized as a business survival and continuity imperative. The approach to risk and disaster management has been reactive, short term and extrinsic to MSME sustainability and growth.  A systematic approach that is comprehensive in considering and investing in risk and disaster management as a strategic, proactive imperative has been underscored during COVID—19.

The role of government as we contend with the complex issues and uncertainty in an already fragile business environment, supporting MSMEs to build back better will be key not only due to the COVID-19 pandemic but in how they address emerging and existing risks and disasters including cyber security and climate change generated disasters.  It is incumbent on the government and all its partners to lay focus and take action through sustainable risk resilience measures to minimize the impacts on lives and livelihoods.

An opportunity to integrate a risk and disaster management approach as an integral component of MSME development and sustainability model exists and should be leveraged.  This approach through a development lens requires the collective engagement of public and private sector, development actors, academia, and the public in general as a collective taking into consideration risk and disaster management.

As Kenya grapples with the ongoing pandemic demands, specific sectors can be leveraged during the response and recovery phase to establish a foundation for MSME resilience.  Kenya should leverage on its ICT capacity to make use of early warning systems and fully integrate risk modelling in its economic planning. Factoring risk and disaster impacts into decision making processes and cost benefit analysis stands to offer the MSME ecosystem a tangible motivation for investing in preparedness and mitigation processes and infrastructure.  The use of science and technology to guide development discussions and strategies will bring on board the much-needed real time data, allowing for detailed and realistic implementation plans. Further, engaging with the science and technology community will foster a culture of solid vulnerability assessments, as well as evaluation and monitoring mechanisms which are an imperative for sustainable MSME development initiatives.

The role of government and disaster governance cannot be underestimated.  A quintessential role of government is in protecting its citizens and institutions especially when their resource is depleted or overwhelmed.  In May 2020, the government of Kenya unveiled Ksh 53.7 billion economic stimulus package that included a Ksh 3 billion initial seed capital for the credit guarantee scheme to boost MSMEs. This commendable investment effort by the government of Kenya appeals for strengthened implementation plans and accountability frameworks. Accountability frameworks will also increase risk literacy, improve risk visibility, and educate MSMEs to shift the disaster management focus from response to a more comprehensive approach inclusive of recovery mitigation, risk reduction and prevention, to minimize the impacts of disasters for those that cannot be eliminated entirely.  

Addressing MSME resilience calls for an all-of-society engagement. Invest In Africa (IIA) – Kenya is an organization established in 2016 in Kenya with the objective to grow African MSMEs by improving their access to skills, markets, and finance with the goal of transforming their competitiveness, creating opportunities and jobs which in turn enhance human development.  Based on IIAs engagement in Kenya, participant expectations and data gathered in the ongoing pandemic, the opportunities and challenges of establishing and accelerating SME resilience were operationalized in October 2020.  Through a multi-stakeholder approach, (termed the Dialogue Series), IIA brought together 7 partners from the government, private sector, SME eco-system, academia, development actors and multilateral organizations, with a vision of building and enhancing capacity to risk and disaster management frameworks. Specifically, the three-part dialogue series and an ask the expert virtual session addressed pertinent topics and queries on advocating for investment in disaster risk and disaster cycle management and build back better strategies. 229 participants attended this series which was developed and anchored on needs as determined by IIA and its partners. Participants were notably interested in testimonials by local SMEs who through innovation have re-structured their approaches as a business continuity and survival imperative. The dialogue series initiative has paved way to the formulation of an MSME Risk Resilience Framework, geared towards operationalizing recommendations from the dialogue series with a roll-out envisaged in 2022.

As the MSMEs pursue resilience building strategies, IIA commits to applying and holding the process as a priority.  IIA is engaging with partners in developing policy, practices and training that will facilitate a multi-pronged approach, offer accountability and sustainability to ensuring that MSMEs have access to requisite tools towards minimizing disaster impacts. Indeed, a strategic and coordinated approach to MSME resilience building will prevent the duplication of the already scarce financial and human resources. Further, this approach will contribute to a focused implementation plan.

Finally, the important role of MSMEs in Kenya cannot be overstated. This is a clarion call to all MSMEs and partners to shift the mind-set of a siloed approach and seek for a more cohesive and integrated approach to resilience building.

 


By:

Wangechi Muriuki – Impact Area Lead, Africa Networks at Creative Metier; Former Country Manager, Invest in Africa (IIA) - Kenya.

Ms. Muthoni Njogu – Social Entrepreneur and Lead, Mweiga Youth Empowerment Group.

Dr. Njoki Mwarumba - Faculty – Disaster Cycle Management, Strathmore University Business School; Assistant Professor of Emergency Management and Disaster Preparedness, University of Nebraska, Omaha.

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London and Accra, 5 July 2021: Invest In Africa (IIA), an enterprise focused on growing local small and medium-sized enterprises (SMEs) in Sub-Saharan Africa to deliver positive economic impacts and create jobs, has partnered with Vodafone Ghana to support local businesses by enhancing their digital capabilities. The partnership will provide local SMEs with tailor-made digital solutions to enable them to adapt to the disruptions caused by the COVID-19 pandemic, continue interacting with customers online and grow their businesses.

 

Some of the customised ICT solutions to be provided by IIA and Vodafone to SMEs in Ghana include: Red Trader – a simple web and mobile application designed for traders to manage their inventory, track and receive payments; and Your-Business-Online – a proposition designed for SMEs to increase their market reach via tailored digital marketing offerings such as website design, e-commerce integration and social media marketing, among others. These and other specialised solutions will fuel local innovation, support digital financial inclusion and stimulate business and economic growth.  

 

Established in 2012, IIA operates locally in five countries across the continent (Ghana, Kenya, Senegal, Zambia, and Mauritania), supporting SMEs through providing training and enhancing access to finance, as well as supporting job creation and local economies. The initiative will be rolled out in Ghana from 1st April for an initial period of two years and will be available to interested local SMEs regardless of size or sector.

 

Carol Annang, IIA’s Ghana Country Director commented on the news, “This partnership represents the coming together of two leading organisations both committed to Africa’s long term sustainable growth. Our purpose at IIA is to act as catalysts for SME growth and competitiveness, and a key part of this is uniting large corporations who want to use their local buying power as a force for good with local African businesses, with a view to attracting investment, creating jobs, building capacity and diversifying the economies in which we operate.”

IIA’s CEO, William Pollen also asserted, “As Africa faces its first recession in more than 25 years and the pandemic accelerating job disruption, it is more important than ever to support SMEs, which account for an estimated 80% of economic activity and act as the primary employer in sub-Saharan Africa. The digital acceleration we are seeing due to Covid-19 is an opportunity for businesses to adapt, learn new skills and thrive in the new digital economy. This is the key objective of our partnership with Vodafone in Ghana, and we hope to be able to extend this initiative to support SMEs across sub-Saharan Africa in the near future.”

Also remarking on the IIA-Vodafone partnership, Tawa Bolarin, Director of Vodafone Business said, “The partnership between Vodafone Business and IIA is a big win for local businesses because both institutions share a joint commitment to transforming businesses via innovative digital solutions. We have a deep-seated passion to see local businesses succeed and now more than ever; in a business landscape impacted by the COVID-19 pandemic, it is imperative for home-grown businesses, and particularly SMEs to be able to operate seamlessly and efficiently using cutting-edge digital solutions to propel market reach, profitability and business growth. These are indeed exciting times for us and the entrepreneurial community in Ghana.”

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The turmoil in northern Mozambique has thrown a spotlight on the sustainability and ESG efforts of international oil companies (IOCs) in Africa. Historically they have not had the most constructive relationships with governments and native communities.

Often the emphasis on developing or integrating local companies and people into the supply chains or operations of these large extractive projects can be wrapped up in temporary CSR missions and not built into the longer-term frameworks of national development agendas or company vision statements.

In doing so, this improves the understanding of their operating environments, lowering their costs of procurement and building capacity and capabilities of enterprises and individuals. And crucially, this improves the economic prospects of the host country, reinvesting in human capital and improving the social economy.

Increasingly this is being implemented as the industry takes on more responsibility and some of these concerns are addressed by local content regulation – which aims to increase opportunities of local businesses in these value chains. However, this is only the starting point.

Before projects are established, it is essential that IOCs and the public sector establish clear metrics, promoting participation of locals, to monitor and evaluate against over the project duration.

This is where the guidance of experienced partners like Invest in Africa, who have cut their teeth in these industries, have a clear vision of what local sustainability means and how best to implement considered ESG strategies.

Read more of Invest in Africa Director William Pollen’s thoughts in his thought leadership piece for Environmental Finance here: https://www.environmental-finance.com/content/analysis/big-oil-needs-big-change-to-its-sustainability-approach-in-africa.html   

 

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