Whilst buyer-supplier portals have been around for decades, there is a current trend of stakeholders setting up new portals in around the extractive industries in particular. They are seen as key tools to drive local procurement and improve supplier competitiveness in the countries that host mining and oil and gas production. Some portals are extractives specific, but others are multi-sectoral where extractive industry companies are just a small proportion of many buyers. They provide a range of functions, from RFQs, to centralized supplier databases, as well as access to feedback and support.
However, not all initiatives have been successful, and many struggle with financial sustainability. This session aims to bring together practitioners who have direct experience in designing and operating initiatives, along with stakeholders who want to set up and use such portals.
This Extractives-led Local Economic Diversification Community of Practice (ELLED CoP) webinar will assist decision-makers (extractive industry companies, governments, aid donors, etc) considering creating or enhancing existing portals to understand options, decisions, success factors and pitfalls. It will share good practice between implementers to enable increased sustainability and impact on local content, and feature examples of two different types of buyer-supplier portals presenting their approach.
The webinar will answer two main questions:
- What is the optimum scope and functionality to suit a context, and how should this be developed?
- What are the most effective ways to make portals sustainable?
- Nicole Verkindt President and Founder of OMX and Jon Elkin, Vice President of Client Service at OMX
- Rupert Barnard, Founder and Group Managing Director at Kaiser EDP and Somine Dolo, Consultant in extractives and development and Managing Partner of Kanaga Consulting
- William Pollen, Program Director at Invest in Africa