Since mid 2015, the topic of Local Content has fast moved center stage across the globe, and with it the need for adaptive professionals to implement fast-developing local content compliance regimes and deliver tangible local benefits as a balance to rapid globalization.
Local Content is the participation and development of national capital, labor, goods, services and technology in the planning and execution of project exploration, development and production.
Local Content has the potential to provide a significant political and monetary contribution to the host economy from capital, social, and technical investments.
The Ministry of Economy and Finance (MEF), the Ministry of Industry and Commerce (MIC), the National Petroleum Institute (INP) and the Confederation of Business Associations (CTA), with the support of the USAID funded SPEED+ Project, hosted Local Content Masterclass, in Maputo, at Radisson Blu Hotel, on May 27th through May 29th. This Masterclass was conducted by the DAI Sustainable Business Group, with the aim to train both the public and private sector in the design and management of Local Content in order to maximize benefits and minimize risks.