The African Export-Import Financial institution (Afreximbank) launched the Intra-Africa Engineering, Procurement and Development (EPC) Platform on November 13, 2023 in Cairo. The demonstration was performed at a workshop organized in the course of the third Intra-African Commerce Truthful (IATF2023),

It was established to allow African contractors to efficiently bid for contracts by transparently publishing key infrastructure initiatives within the African EPC sector for EPC corporations to tender.

The Intra-Africa Engineering, Procurement and Development (EPC) Platform Workshop was organized to share the findings of a survey on the challenges confronted by contractors in Africa and to share the important thing components for challenge success. It additionally consists of displays on the success tales of corporations which have beforehand obtained help from Afreximbank, together with Mota Engil, Elsewedy and Hassan Allam.

The platform consists of merchandise, packages and initiatives developed by Afreximbank to help native corporations collaborating in tenders for infrastructure contracts.

Subsequently, in the course of the assembly, firm representatives emphasised of their speeches that African international locations have to facilitate cross-border mobility of labor in order that EPC contractors can usher in employees from different African international locations with experience. In addition they stated that together with native content material necessities in EPC contracts would assist encourage using native contractors and building capabilities.

Ms. Kananyo Awani, Government Vice President of the African Export-Import Financial institution, stated that the aim of this seminar is to advertise African participation in large-scale infrastructure initiatives in Africa and promote the award of EPC contracts to African entities. “We’re assured that this devoted capacity-building program will allow African contractors to efficiently tender for building initiatives throughout the continent and past,” she declared.

The seminar additionally signed facility agreements price US$200 million with Hassan Allam; US$30 million with Grainer Angola; US$50 million for DOTT providers. One other facility settlement price $200 million was signed with an Arab contractor; on the finish of the assembly, FDI obtained $200 million and Elsewedy obtained $300 million.