The National Agency for Oil, Gas, and Biofuels (ANPG) and Standard Bank Angola (SBA) signed a memorandum of understanding on Thursday in Luanda to support and empower local companies in the oil sector.
The document, signed by ANPG Board Chairman Jerónimo Paulino and SBA Executive Board Chairman Luís Teles, provides for spending of approximately $80 million over two years to train companies in the oil sector.
The executive director of SBA’s Small and Medium-Sized Enterprises (SME) division, Fernando Chivinda, stated at the event that the goal is to train more than 1,000 companies over the next two years through training sessions for 30 business organizations per class.
According to him, the training program for service providers in the oil sector, aimed at gaining access to new markets, will begin in June of this year.
Meanwhile, the Chairman of Standard Bank’s Executive Board, Luís Telles, described the memorandum of understanding as a shared vision for Angola’s future, where economic growth is truly inclusive and sustainable.
“We want to see Angolan companies that are stronger, better structured, and more competitive. We want to see more young people and more women joining this sector,” he stated.
