Business

Tullow Oil Gives Hand In Establishment Of Hoima Enterprise Centre

visit this site http://darkon.org/wp-content/plugins/events-manager/classes/em-locations.php geneva;”>This initiative is the first of its kind and it aims to help local small enterprises to take advantage of opportunities that will emerge directly or indirectly from the growth of the oil and gas industry through providing information on emerging opportunities for small businesses as well as host forums to share information on oil and gas procurement procedures, what is ed http://cornerstone-edge.com/wp-content/plugins/jetpack/sync/class.jetpack-sync-queue.php standards and ongoing tenders.

visit this geneva;”>Traidlinks will help to connect businesses to new customers, support the establishment of joint ventures and links to international business as well as link the enterprises to local financial institutions to improve access to cost effective financial services.

The Centre will also act as a hub for business development in Hoima, offering a range of affordable services including business incubation space, training facilities and agricultural support services. Businesses will have access to shared facilities and services, internet, photocopying/scanning and a backup electricity source.

Speaking at the opening of the Centre, Mr Eoin Mekie, General Manager Tullow Oil, said that the centre supports Tullow’s Local Content and Supply Chain management strategy which is aimed at enabling local businesses to exploit opportunities in Uganda’s oil and gas sector.

“Tullow Oil is committed to creating shared prosperity in the areas we operate. Through this initiative, it will promote involvement of local individuals and businesses in developing their country’s oil and gas industry and wider economy through building local capacity and successful suppliers to deliver goods, services and skills to international standards.”

He said that as Uganda’s oil and gas industry moves from exploration phase to development and eventually production, there will be growing opportunities for local supply of goods and services such as food and beverages, accommodation, transport, construction, communication, IT services and medical, among others.

“It is our hope that the Hoima Enterprise Centre will go a long way in; shortening the supply chain process in this market; reducing supply costs, improving national skills; and improving local incomes and spending.”

The Hoima Enterprise Centre is one of the many capacity building initiatives Tullow has been involved in.

Other initiatives include education scholarships to Ugandans, under the Tullow Group Scholarship Scheme which is being implemented together with British Council.

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