The African Export-Import Bank (Afreximbank) has presented an intra-African Engineering, Procurement and Construction (EPC) platform designed to empower African contractors to successfully bid for contracts by allowing for the seamless posting of key infrastructure projects within the EPC space in Africa for bidding by EPC companies.
The presentation, which took place during a workshop organised on the sidelines of the third Intra-African Trade Fair (IATF2023), also covered various products, programmes and initiatives developed by Afreximbank to support local companies engaged in infrastructure contract bidding.
Addressing the workshop, Kanayo Awani, Executive Vice President, Intra-African Trade Bank at Afreximbank, said that the objective of the workshop was to promote African participation in large scale African infrastructure projects and to promote the award of EPC contracts to African entities.
“It is our belief that this specialized capacity building programme will enable African contractors to successfully bid for construction projects on the continent and beyond,” she said.
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The workshop was held to share the results of a survey conducted on challenges faced by African contractors and to also share the critical success factors in winning projects. It also featured presentation of success stories from companies that previously received support from Afreximbank, including Mota Engil, Elsewedy and Hassan Allam.
The company representatives, in their presentations, highlighted the need for African countries to allow for the movement of labour across borders so that EPC contractors could bring in workers from other African counties where expertise existed. They also said that including local content requirement in EPC contracts would help to encourage the use of local contractors and enhance capacity building.
The workshop was capped off with the signing of facility agreements valued at US$200 million with Hassan Allam; US$30 million with Grainer Angola; US$50 million with DOTT Services; US$200 million with Arab Contractors; US$200 million with FDI; and US$300 million with Elsewedy.
IATF2023, Africa’s largest trade and investment fair, opened on November 9 and will run till November 15.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry