Supporting Local Businesses
Ambatovy is committed to supporting local business both now and in the future. It has fast become one
of the largest consumers of products and services in Madagascar. The Ambatovy Local Business Initiative
(ALBI) was created to fulfill Ambatovy’s “buy locally, hire locally” policy. To this end, ALBI works closely with
Purchasing, Supply and Contracts Services to identify local companies capable of responding to company
and market needs. By maximizing local procurement, Ambatovy provides a much-needed impetus to the
Malagasy economy and entrepreneurs. Ambatovy had signed more than $1.2 billion in local contracts by the
end of 2010.
ALBI provides support to local businesses and entrepreneurs through training, mentoring, and capacity
building programs. Ambatovy expects that, thanks to the work of ALBI, these businesses and individuals
will be better able to improve the quality and competitiveness of their products, giving them a leg up in local
markets. Another of ALBI’s key mandates is creating employment opportunities for the local population.
Key highlights include:
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More than 500 SMMEs across 54 sectors have been given purchase orders by Ambatovy.
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ALBI has more than 2,000 local businesses registered in a database used by Ambatovy and its
sub-contractors.
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Since 2008, Ambatovy has provided local SMMEs with more than 4,000 hours of mentoring and
5,700 hours of technical training in accounting, project management, leadership, quality control,
contract administration, procurement, environment, health and safety, industrial relations, change
and growth management.
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In 2010, Ambatovy gave more than 11,500 hours of training at its Agricultural Training Center to
former employees and people living in areas affected by Ambatovy activities.
Future Plans
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Continue to update the database of local businesses.
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Work alongside new and growing local businesses to develop
their competencies across the board.
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Offer ongoing mentoring, training, and support services to
local SMMEs.
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Continue to maximize local procurement.
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AMBATOVY – SUPPORTING GROWTH AND DEVELOPMENT
