NIPDB hosts local supplier pitching session
Namibian businesses will have an opportunity to showcase their capabilities and connect with potential clients, investors and financiers at the Namibia Oil and Gas Conference (NOGC).
Namibian businesses will have an opportunity to showcase their capabilities and connect with potential clients, investors and financiers at the Namibia Oil and Gas Conference (NOGC).
The Namibia Investment Promotion and Development Board (NIPDB), in collaboration with strategic partners is hosting the second Local Supplier Pitching Session on the first day of the NOGC, bringing together 14 selected Namibian suppliers to present their products, services, experience and value propositions directly to key players in the oil and gas industry.
The NIPDB said the initiative forms part of its broader efforts to strengthen the participation and readiness of Namibian businesses as the country’s emerging oil and gas industry moves towards development and production.
The platform is created to demonstrate to the sector that Namibian businesses can indeed effectively participate in the industry.
Participating businesses are expected to represent a range of capabilities relevant to the energy value chain, including engineering, petroleum supply, training, technical services, catering, procurement, health and safety, recruitment and other professional services.
The session will connect local suppliers with financiers and service companies through presentations, Q&A and meaningful stakeholder engagement.
In addition, services companies will take local suppliers through their respective procurement and vendor onboarding processes.
Financiers will present their product offerings and share information on how local suppliers can access financial assistance. Other sessions will focus on standards and ISO certification processes.
The initiative comes at an important juncture for Namibia’s petroleum sector. The Cabinet has approved, in principle, the country’s Upstream Petroleum Local Content Policy, which seeks to ensure meaningful participation by Namibians through skills development, employment creation and enterprise growth.
The policy is intended to increase local participation and value addition across the petroleum value chain.
NIPDB said it is imperative that local content be translated into real opportunities for Namibian businesses, not simply participation in conversations.
“These pitching sessions are therefore geared towards putting capable Namibian enterprises directly in front of the stakeholders who make procurement, investment and partnership decisions.”
The engagements are intended to strengthen practical linkages between Namibian enterprises and key industry stakeholders, while helping businesses better understand
procurement requirements and the standards necessary to compete in the industry.
“Our role at NIPDB is to help bridge the gap between local enterprise capacity and industry demand, while working with operators, financiers and other partners to create an ecosystem in which competitive Namibian suppliers can secure sustainable opportunities.”
