IIA NEWS IN Senegal

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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FINANCE LEAD

Job title:  Finance Lead

Location: Dakar, Senegal

Reporting to: Country Manager,

 

The Finance Lead is responsible for overseeing general accounting operations by controlling and verifying our financial transactions as well as collaborating with other Project Managers on all aspects of SME finance and financial institution partnerships to enhance SME engagement and Access to Finance.

The Manager will focus on setting up accounting systems and developing the capacity of SMEs to source for finance from Financial Institutions (Banks & non-Banks ie. equity). The successful candidate should have a solid experience as an expert in SME Finance in Senegal. She/he works in close coordination with all IIA Managers, who support the unit with strategic and technical advice.

Job Purpose

The objective of this role is to

  1. 1. Oversee accounting/finance function by: 
    • maintaining general ledger and ensuring accuracy and effectiveness in all of our accounting tasks
    • reconciling account balances and bank statements
    • preparing month-end close procedures
    • analyzing financial reports and forecasts
  2. 2. Set up and manage a IIA Access to finance program which includes:
    • Design and development of Investment Readiness Programme and interventions to increase SMEs finance success rate
    • Analysis of SMEs constraints and opportunities for systemic change
    • Partnership relationship management with Financial Partners

Responsibilities

  • Produce error-free accounting reports and present their results
  • Analyze financial information and summarize financial status
  • Spot errors and suggest ways to improve efficiency and spending
  • Review and recommend modifications to accounting systems and procedures
  • Participate in financial standards setting and in forecast process
  • Prepare financial statements and produce budget according to schedule
  • Supervise monthly declarations and filings
  • Develop and document business and accounting policies to strengthen internal controls
  • Supervise the SME Investment Readiness Programme - providing input on how to support suitable SME for accessing finance from banks and investors.
  • Maintain understanding of the SME Finance landscape, with both private and public sectors
  • Support other IIA Managers in organising workshops and seminars for finance activities and sharing learning with the wider IIA team.
  • Acting as the focal point for SME Finance activities
  • Advise SME and IIA on market analysis and segmentation, SME financial products, SME credit risk evaluation processes
  • Manage consultants supporting with the achievement of the Access to finance component.

Qualifications & Experience:

  • Degree in Accounting, Finance or relevant
  • Proven experience as a senior accountant and/or auditor
  • In-depth understanding of Accounting Principles
  • Experience with general ledger functions and the month/quarter/year-end close process
  • Hands-on experience with accounting software packages, like Odoo, Saari etc…
  • Advanced MS Excel skills including Vlookups and pivot tables
  • experience facilitating finance for SME
  • experience in general credit delivery
  • Able to work independently and to provide recommendations to the Senior Leadership Team.
  • Experience working with financial institutions (banks)/investors
  • Excellent English writing and communication skills
  • Accuracy and attention to detail

PROJECT MANAGER

Job title:  Project Manager

Location: Dakar, Senegal

Reporting to: IIA Country Manager

Background

Invest in Africa plans to engage a Project Manager (PM) in anticipation of a Business Linkage Program in Senegal. The PM will focus on increasing the number of partnerships between Small and Medium Enterprises (SMEs) and large companies in Senegal by improving the quality of local business goods and services, raising corporate standards and removing barriers preventing SMEs from accessing new clients/export markets, finance and skills.

The Project Manager will be responsible for Managing the AfDB funded programme in line with the Key Performance Indicators and managing the Key Financing Partner.

Key responsibilities:

Programme Management and Operations

  • 1. Provide overall management and coordination of all work streams including Technical and Operations in the mobilisation and delivery of program results.
  • 2. Directly line-manage the project team including delivery partners, consultants, Business Advisory and quality assurance.
  • 3. Raise interest amongst IIA Partners’ supply chains to register on the programme,
  • 4. Recruit SMEs onto the programme and identify their training needs in line with the programme specifics.
  • 5. Write progress reports for internal and external use according to the standard or specifications required by donor and Fund Managers or as may be required by the IIA leadership.
  • 6. Participate and lead program related workshops, review meetings, training and community engagements.
  • 7. Anticipate risk and take steps to mitigate them.

Monitoring and Evaluation:

  • 1. Manage all areas of M&E, to ensure that internal monitoring is carried out effectively and that external impact evaluations are being conducted in the manner intended.
  • 2. Develop and track relevant Project documents and systems such as the Logframe, M&E Framework and monitoring tools.
  • 3. Apply the internal monitoring and evaluation system in collaboration with the project team to ensure accurate record keeping, adequate and relevant data collection and analysis.
  • 4. Ensure the documentation of lessons learned and best practices are shared through internal and external IIA knowledge sharing forums.
  • 5. Manage the relationship and deliverables of the external evaluation partner in line with donor requirements.

Managing partners, suppliers and stakeholders

  • 1. Work with the Consultants and key stakeholders to ensure Project sustainability.
  • 2. Sustain positive partnerships and networking relationships with key stakeholders on projects to achieve overall objectives.
  • 3. Integrate Partners’ commitment (in kind or cash)  of training support to the programme and ensure they deliver.
  • 4. Update stakeholders including IIA steering committee boards and donors,
  • 5. Actively communicate and maintain good working relationships with external suppliers and consultants who collaborate with Invest in Africa in various ways in the delivery of our Skills Development Programmes
  • 6. Highlight best practices emerging from project at sector platforms and other relevant public events.
  • 7. Manage key stakeholders including donors to guarantee continued interest in funding IIA Skills programmes
  • 8. Convey the Business Linkage Programme advisory board to get their commitment and support in the delivery of programmes and achieve overall objectives.

Procurement and Contract Management

  • 1. Lead in all procurement activities in line with AfDB procurement guidelines
  • 2. Manage programme contract to achieve the desired outcomes
  • 3. Lead in the selection of implementing firms for the project

 

Qualifications & Experience

 

  • 1. Relevant degree in, Project Management, Development studies or similar related or relevant fields, although other degrees will be considered in light of candidate’s experience.
  • 2. Minimum of 5 years field experience in Private Sector Development with NGOs in developing countries
  • 3. Previous experience of budget and procurement management within donor funded project

Key skills & Competencies

  • 1. Strong project management skills and experience managing donor funded projects
  • 2. Highly functional knowledge of Microsoft Word, Excel, and PowerPoint required
  • 3. Strong people management skills and experience in line managing teams
  • 4. Skills and experience in external stakeholder engagement including donors, government and private sector and experiences with coordination of multi-stakeholder forums
  • 5. Knowledge and experience of supply chain management is essential
  • 6. Experience managing AfDB funded projects and good understanding of AfDB procurement rules.
  • 7. Experience running a capacity building programme from design through to successful completion
  •  8. 6-8 years’ industry experience
  • 9. Skills in report writing and monitoring and evaluation
  • 10. Bilingual French-English

Personal Attributes

  • 1. Self-starter and team player with high standards
  • 2. Ability to multitask and work under some level of pressure
  • 3. Ability to work in a cross-cultural environment and with multi- and interdisciplinary teams

APPLICATION DEADLINE: 1st September 2021.

Applicants should send their applications (Resume and Cover letter) to appsenegal@investinafrica.com


 

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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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Nouakchott, 17 June 2021 | Banque Mauritanienne pour le Commerce International (BMCI), a leading local lender committed to the development of small and medium-sized enterprises (SMEs), and the Mauritania division of Invest in Africa (IIA), a non-profit initiative focused on growing local businesses in Africa, have signed a partnership agreement to extend access to finance to SMEs in Mauritania working closely with the extractives industry.

The partnership, which marks the first agreement between IIA Mauritania and a domestic lender, aims to accelerate participation of local SMEs in the oil and gas supply chain. IIA can leverage existing experience from work with British Petroleum (BP) in Grand Tortue Ahmehim (GTA), spanning Senegal and Mauritania. The agreement makes BMCI IIA’s fourth banking partner in the GTA project, with three other partners in Senegal.

Improved access to finance will address a range of commercial constraints they currently face. This involves limited availability of cheap capital and difficulties in accessing domestic and international lending markets. The partnership will also ensure SMEs receive funding advice and training.

Commenting on the partnership agreement, BMCI CEO, Moulay Abbas, expressed his delight at working with IIA, “BMCI’s team is looking forward to a successful partnership with IIA and are happy to provide our services to promote the development of African businesses.”

IIA Mauritania country Director Bocar-Alpha Ba noted, “This is a crucial period of economic development for Mauritania and SMEs need to be afforded opportunities to grow. In partnering with BMCI, whose commitment to SME development aligns with ours, we are optimistic about the future for local businesses to sustain and thrive.”

This comes as the Mauritanian government has pledged its commitment to the sustainable development of the country’s extractives industry, notably through supporting Mauritanian enterprises to become active suppliers to international oil companies. IIA is preparing local SMEs to maximise upcoming opportunities, pledging a series of webinars and workshops on improving access to skills, markets and finance, complementing strong local commitment of public and private bodies.

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Picking apart Africa’s energy transition, the progress needed to be made, numerous decisions to consider and the need for supportive policy to accelerate efforts – here is Episode 3 of Gaia Says No – Africa, hosted by future Net Zero.

Joining IIA's Director, William Pollen are Dr Amy Jadesimi, Managing Director of LADOL Free Zone in Lagos, Stanley Nyoni, Sustainability and Leadership Advisor, with future Net Zero’s founder, Sumit Bose directing the conversation.

Listen here and please feel free to share among your networks to keep the conversation going!

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AfCFTA gives glimpse of new African destiny

An increasingly insular post-Covid world economy has created the opportunity for Africa to lead the global trade agenda. Economies on the continent must seize it with both hands, writes director of Invest In Africa, William Pollen.

Africa’s debt-laden economies bore the brunt of the global economic fallout from the pandemic, while the continent grappled with its first recession in twenty-five years. Sub-Saharan Africa’s pleas for debt relief were met with scepticism by richer nations, as 30m people on the continent slid into extreme poverty last year.

Yet as richer economies retreat into isolationism, they have failed to coordinate a collective response to the pandemic that considers the needs of poorer nations with less advanced healthcare systems.

Public debt in sub-Saharan Africa has ballooned to 66% of gross domestic product, while debt service payments average 32% of annual revenue, IMF data from 2020 indicates.

But there are reasons to be more optimistic in 2021 and beyond.

Firstly, the birth of the African Continental Free Trade Area (AfCFTA) was a timely reminder of where the continent’s priorities lie. Secondly, the drive for greater sustainability – turbocharged by the pandemic – gives Africa a chance to redefine sustainability in an African context and turn it into a competitive advantage.

The AfCFTA- A New Dawn?

Against a backdrop of a record GDP per capita contraction, the continent is feeling the pinch of dwindling export revenues and declining foreign direct investment (FDI). Uncertainty and economic tremors are heightening investor anxiety, who faced with the fight or flight option, have fled with $700bn from developing countries.

Multinationals have reduced, delayed or in some cases cancelled investment into Africa altogether, instead preferring to invest into safer ‘home’ markets.

Africa’s risk profile is in part shaped by the terms dictated by the global north. Though the AfCFTA may not achieve complete emancipation, it gives Africa more influence over its economic ambitions.

Only Africa can realise the substantial opportunities the AfCFTA offers, such as creating homegrown investment, domestic economic expansion, and jobs for its young, ambitious and entrepreneurial populations.

As other countries turn inward, trade over the next decade and a half will boost Africa’s income by $450bn and contribute $76bn to the world economy, underlining its importance to the global trade agenda.

At a bare minimum, better cohesion among Africa’s 55 countries is imperative to driving sustained growth, while leveraging the full potential of a region with a combined GDP of $3.4trn can be a powerful accelerator.

At present, only around 16.6% of goods traded by African countries remain on the continent’s shores.

The AfCFTA will stimulate progress towards a continental customs union, eliminating 90% of trade barriers, facilitating free movement, easing access to markets and trimming red tape, to boost intra-African trade by 50%.  

Effective execution of the agreement will lift an estimated 30 million on the continent out of extreme poverty, as well as develop more supportive, sustainable social systems.

As Covid-19 exposes the fragilities of women’s economic positions across the continent, the AfCFTA will bolster their financial independence. Beyond that, the continent’s burgeoning aspirational youth, increasingly disenfranchised by earning a livelihood in the rural, primary sector will be afforded more opportunities as production and trade benefit from a more efficient value chain.

One of the largest impacts the AfCFTA can imprint on the continent is realising greater value from its wealth of natural resources. Despite having 60% of the world’s uncultivated arable land, Africa is a net food importer, just as the world’s tenth largest oil producer, Nigeria, relies on other countries for its fuel.

Raw materials account for the majority of exports with around 70% of value addition happening off African shores. Technological development, demographic shifts and changing lifestyle trends all support this movement.

As the continent works towards successful implementation of the AfCFTA, it should build an inclusive continental economy on existing foundations, that lifts up small and medium-sized enterprises (SMEs).

SMEs account for an estimated 80% of all businesses and even more job opportunities across the continent, making them vital to empowering marginalised members of the community.

The importance of SME success has been highlighted by initiatives led by the likes of the AfDB and Afrexim Bank, to strengthen the implementation framework in their favour. Their efforts will be supported by the first woman and African at the helm of the World Trade Organisation, Dr Ngozi Okonjo-Iweala.

Sustainability – an opportunity within AfCFTA?

Sustainability brings with it commercial advantage, allowing SMEs to be more competitive at home and abroad. However, sustainability in the African business context is largely misunderstood, both domestically and overseas, and often imposed ‘top down‘ as a cost of doing business with big corporates or multinationals.

However, Covid has accelerated the relevance of sustainability to all businesses, big and small, foreign, and domestic.

The importance of governance, environmental impact and relationships with consumers, staff and local communities have all been highlighted by the pandemic.

Paralysed global supply chains further highlighted the value of onshoring, or having local suppliers. When combined with the opportunities the AfCFTA brings, now is a unique moment for African SMEs to redefine what sustainability means to them and then go after it, increasing their competitiveness and market share.

This is not about protectionism or barriers, but the opposite. At a time when global institutions are looking increasingly insular and regional trading blocs are failing to function, the AfCFTA is an opportunity for Africa to lead the global trade agenda.

African countries must not allow it to be dictated by multinationals whose shareholders usually reside outside the continent. It must be their own success story: an African solution to the global challenge of sustainability.

William Pollen is the director of Invest in Africa, a non-profit with the vision to create prospering African economies.

Originally published on African Business, 12 March 2021

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Project Development of Sangomar Field workshop was co-organised with Woodside and SIA on march, 5, 2020 at Onomo Hotel with 170 local SMEs in attendance.

 

The objective of the workshop was to share with the participants the followings:

  • The project development of Sangomar field with its different phases
  • Woodside’s upcoming tenders
  • SIA Timeline of local content opportunities they seek to source locally depending on existing capabilities.
  • SIA tendering process requirements and supplier qualification
  • SIA Legal and compliance aspect of the scope of their work
  • IIA’s three flagship programmes ( Access to Market, training & Finance)

 

The workshop shed the light on the values that IIA can bring to the IOC’s and its tier1s and local companies from Senemeca’s testimonial which illustrated the work behind the scene IIA is currently doing to support local SMEs and the importance our supplier development programmes to reinforce local capabilities to meet the international standards through our training & certification partners whom we have signed up with and have agreed to apply a discounted rate for all our SMEs registered onto the platform and to prepare local companies to be competitive.

 

That being said, Woodside mentioned that a series of similar project briefing with its tier1s will take place and to expect another one in April with Halliburton and Baker Hughes ( dates TBC).

Pierre Emmanuel Boulanger from SIA urged the local companies (attendees) to have a chat with its Procurement Manager, Fabrication Manager and Engineering Manager to have a better grasp of their requirements and needs for their upcoming opportunities.

 

By and large, the event was a true success with a great number of attendance, precisely 170 companies attended and have left the conference with valuable information and have congratulated IIA for pulling this together and as a result of that my phone is ringing off the hook for meeting requests next week.

 

To conclude, we would like to thank our dear Founding Members for such visibility they are giving to IIA, the trust and seamless support bestowed on us and relentless commitment to making IIA a one stop shop for the Oil and Gas industry.

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Job title: Invest in Africa -IIA- (UK)- Account Executive  
 
The ideal candidate will be passionate about breaking into the African business and / or international
development space.

This entry level role is for someone who is looking to build their knowledge and understanding of
working in African investment and /or development sector. Although defined by primarily important but
routine, supporting tasks the role also has great scope for someone with initiative, proactivity and a
desire to over deliver to develop it into a larger role. For example, with direct project accountability and
oversight of the marketing function.

Job purpose  
To provide important operational support to the team of project managers and senior management in
the London office of Invest in Africa. This includes being on top of all the detail of day to day reporting
and back office functions as well as coordinating with colleagues in regional (Africa) offices to ensure
efficient ways of working across all programmes and systems. The role will also require oversight for the
day to day relationship with IIAs marketing agency, including the production of presentations, case
studies and some social media / website activity.
 
 
 Duties and responsibilities  
  

1. Liaise with IIAs African offices/colleagues to ensure coordinated approach across IIAs key programmes
2. Produce regular reports, case studies, impact summaries for use in IIAs presentations and marketing
3. Liaise with all IIAs third party providers and suppliers to ensure all contracts competitive and up to date
4. Manage all ‘back office’ functions (Salesforce, Project Place, travel, insurance, some aspects of finance)
5. Manage relationships with marketing agency to see work is produced on brief, on time and on budget
6. Support the UK team with materials and research
7. Run and manage all IIA UK related events (approx. 3 p.a) 
8. Including the planning yearly calendar of events, guest lists, venue, media etc. 
9. Oversee content management, master contacts database and in time upkeep of the official IIA website 
10. Create and edit some marketing materials including brochures and videos
11. Create and send out the company's quarterly newsletter 
12. Manage IIA’s social media accounts through frequent posts, online promotion  

Qualifications / Experience
•    Degree level graduate, or equivalent 
•    3+ years of business experience preferable 
•    Strong written and verbal communication skills 
•    Strong organisational skills 
•    Able to work to tight deadlines on more than one task at a time (ie multitask under pressure) 
• Must have a natural tendency to take the initiative on work with a proactive mindset 

All applicants must have eligibility to work in the UK and be available to work in London as of April / May
2020.

Please send CV and short covering letter to michael.amaning@investinafrica.com 

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