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AngloGold Ashanti (Ghana) Limited (AGAG) has signed a contract with Invest in Africa (IIA), a non-profit organization committed to creating successful African economies, to build the capacity of 100 small and medium-sized enterprises (SMEs) of Obuasi, in particular, and Ghana in general.
As part of this program, the IAI would provide free advisory support to selected companies. The initiative is fully funded by AGAG as part of its Business Development and Capacity Building Program (EDCBP).
AGAG's Aguasi mine reopened earlier this year after a four-year period under care and maintenance.
The reopening of the mine was greeted with enthusiasm by members of the Obuasi community because of the prospects it offers for the local economy.
It is estimated that more than 2,000 new jobs will be created and an increase in commercial activities in the city is also expected to improve the livelihoods of community members.
The EDCBP is part of AGA's overall local content strategy, which ensures that, to the extent possible, suppliers and other production inputs come from local sources.
As part of this program, IIA should deploy strategies to create sustainable Ghanaian businesses that can significantly contribute to job creation, socio-economic growth and, in the long run , to be competitive in the wider market.
The IIA therefore needs to equip these Ghanaian SMEs with entrepreneurial, technical and managerial skills, improve their ability to compete at the local level, and build a strong foundation for competing at a higher level.prepare them to be ready to invest, to facilitate SME access to finance and business relationships that enable them to become financially independent.
AGAG Managing Director Eric Asubonteng said the impact of the communities where AGA operates positively is in line with the company's values.
Commenting on the contract, Clarence Nartey, National Director of IIA, said he was delighted at the opportunity to work with AngloGold Ashanti Obuasi mine to revive the local economy of the city.
"This is a real community program and we are excited about the impact it will have on the recipient companies, but also on the indirect employment opportunities that would be created." for residents. "
He noted that this was an opportunity to develop SMEs to integrate into AGAG's supply chain and for SMEs to be more competitive. "We intend to open our African Partner Pool (APP) platform to beneficiaries and to facilitate additional business. Those with the required capacity to do business with the 12 or so multinationals participating in the APP will have this opportunity, "Nartey said.
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