Local Content

Africa needs to effectively exploit its vast natural resources and with the support of the international finance community’s active participation.

 

Certain countries like Nigeria are trying hard to develop local skills through the transfer of technologies

  • Local content bill (45% of local content in the oil sector by 2008)
  • Creation of the Nigerian Content Support fund (local oil groups working as subcontractors)

 

A new market opportunity for banks, willing to provide innovative structured financing based for example on:

  • Assignment of oil services contracts
  • Pledge on assets
  • Pledge on receivables / fares / revenues