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Accra, June 11, GNA – Invest in Africa
(IIA), a non-profit organization committed to creating successful African societies.
AngloGold Ashanti (Ghana) Limited (AGAG) has a contract with
strengthen the capacity of 100 small and medium-sized enterprises (SMEs) in Obuasi.
A statement from the IAA stated under the
IIA program would provide free advisory support to selected companies
companies.
The initiative is fully funded by AGAG under the
its Business Development and Capacity Building Program (EDCBP).
The AngloGold Obuasi mine was reopened early
this year after four years of maintenance and upkeep.
The reopening of the mine was welcomed
by members of the Obuasi community with enthusiasm because of the prospect that he
is valid for the local economy.
It is estimated that more than 2,000 new jobs
will be created and will stimulate commercial activities within the city, as well as
improve the livelihoods of the community.
EDCBP is part of the full AGA program
local content strategy ensuring, to the extent possible, suppliers and other
production inputs come from local sources.
As part of the program, the IIA should
deploy strategies to build sustainable Ghanaian businesses that
make a significant contribution to job creation, socio-economic growth and
in the long term, able to compete in the wider market.
The IIA is therefore necessary to equip these
Ghanaian SMEs with entrepreneurial, technical and management skills,
improve their ability to compete locally, to build a strong foundation for
enable them to compete at a higher level, prepare them to be ready to invest,
facilitate SMEs' access to finance and business networks to enable them to
that they become financially independent.
AGAG's Executive Director, Mr. Eric
Asubonteng, said the impact of communities where AGA works positively is online
with the values of the company.
Commenting on the contract, Mr. Clarence
Nartey, IIA country director, said he is delighted with the opportunity to work
Obuasi of AngloGold Ashanti to revive the local economy of the country.
city. "It's a real community level
program and we are excited about the impact this will have, not only
beneficiaries, but the indirect employment opportunities that would be generated
created for residents too. "
He noted that this was an opportunity to
developing SMEs to integrate into AGAG's supply chain and to make SMEs more self-reliant.
competitive. "We intend to open our APP platform (African Partner Pool) to
beneficiaries and help them to facilitate additional business for them. Those with
the capacity required to deal with approximately 12 multinationals
on the PPA will have this opportunity, "Nartey said.
The contract, which begins in August of this year
year, will be for a first year but with a possibility of extension.
Selection of beneficiary SMEs, which will be drawn from the AGA suppliers list,
is currently underway.
GNA
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