Client: Multinational Corporation
Duration: 2016-2016
Region: Sub-Saharan Africa
Country: Regional
Solutions: Sustainable Business
The Sustainable Business Group (SBG) conducted a Local Content Regime Analysis (LCRA) in seven countries and provided a comparative analysis of the impacts of local content regimes. The countries examined included Ghana, Nigeria, Brazil, Trinidad and Tobago, Tanzania and Papua New Guinea, Uganda.
Local content, also known as “national content,” “indigenous content,” or “local participation,” refers to the goods and services sourced from domestic vendors and their broader economic impact in terms of value add and employment. Local content can include the procurement of goods and services from local vendors, employment and training of national workers, development of local business institutions, improvement of local technological capabilities, and joint ventures and partnerships.
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The Western Region Coastal Foundation promotes inclusive economic growth for communities affected by Ghana’s burgeoning oil and gas industry by helping to build up local supply chains, in addition to providing a multi-stakeholder dialogue platform for government agencies, oil companies, and coastal communities to better share challenges and solutions.
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