Invest In Africa (IIA GH) has signed a Memorandum of Understanding (MOU) with Chartered Institute of Procurement and Supply (CIPS) to step up procurement capabilities of Home Grown Buyers
As part of the agreement, CIPS will be responsible for building the long-term procurement capabilities of our Home Grown Buyers (HGB’s) through targeted training and some on-the job support.
As a reminder, HGB’s are key suppliers in the IIA pool with the potential to scale-up and become “buyers”.
Their annual local procurement spend ranges between $250,000 and $1 million and they have committed to providing procurement opportunities to smaller suppliers on the APP.
The HGB Project is at the core of our #Vision 2022 Strategy and is intended to help drive inclusive growth (for our buyers and suppliers), facilitate Home Grown economic solutions by encouraging local suppliers to work together to stimulate business opportunities among themselves and also better position our suppliers to take advantage of regional market opportunities ( for e.g AFCTA).
The ultimate goal is to develop 50 key suppliers to become HGB’s and in the process get them to sub-contract (combined) opportunities valued at $50m ( and in the process create 5000 direct jobs) over the next 3 years.
Chantel Bekoe will work as lead on the project together with the APP Team.