Senegal: Contracts worth nearly 450 billion CFA francs signed for local content

Local content measures taken in anticipation of the start-up of oil and gas production in Senegal have enabled local companies to sign contracts worth almost 450 billion CFA francs, said Mor Ndiaye Mbaye, Technical Secretary of the National Local Content Monitoring Committee.

In 2019, Senegal adopted a law on local content, which defines "the objectives, methods and mechanisms for implementing local content in the hydrocarbons sector".

The prerequisites we have put in place have already resulted in the creation of over 1,000 jobs, hours of training and capacity-building for our human resources, and contracts signed by local companies in 2022 and 2023, worth nearly 450 billion CFA francs," announced Mr. Mbaye.

He was taking part in the opening of the second edition of the Local Content Days, on the theme: "Implementation of the local content policy in the hydrocarbons sector: assessment, constraints and prospects".

The technical secretary of the Comité national de suivi du contenu local (national local content monitoring committee) cited as one of these prerequisites "the establishment of the technical secretariat and its tools, including the electronic intermediation platform, the Observatoire du contenu local (local content observatory) and the Fonds d'appui pour le développement du contenu local (support fund for local content development)".

Other prerequisites are "the sharing and appropriation of the legal framework by the main players, and the setting up of a one-stop shop for business support, in the interests of coherence and optimization of budgetary resources, but also of efficiency".