Bako Ambianda, is a Cameroonian, Founder, Chairman and CEO, Labacorp Group of Firms. He’s additionally the CEO of Labacorp Vitality Restricted.
Right this moment, the Labacorp Group has grown from simply housing an occasions organizing staff to proudly owning companies throughout manufacturing,
energy, development, agribusiness, and exhibition sectors with operations in six international locations with 79 staff, and a footprint in Africa, Center East and North America.
Bako Ambianda has been listed on Forbes Africa 30 below 30, Class of 2020, and has been named one of many Most Influential Individuals of African Descent (Beneath 40) by MIPAD, 50 Most Admired World Africans by PASSION VISTA, and obtained the 2018 World Enterprise Disruptor Award by PAYA.
He’s a global growth professional, creator, speaker, philanthropist and entrepreneur. By means of his actions within the private growth business, he created Bako Ambianda Worldwide (BAI), also called The Bako College to encourage younger professionals by books, movies, and private progress trainings.
On this interview with NDUBUISI MICHEAL OBINEME of Oil and Gasoline Republic, Bako speaks about his firm, Labacorp Vitality, and marketing strategy to unlocking Cameroon’s potential within the Vitality business. Excepts:
OGR: Please inform us extra about Labacorp Vitality?
Bako: I’m a World African Entrepreneur, in search of to construct nice corporations that may foster growth, particularly in Africa, as a result of Africa is but to attain its progress potential when it comes to financial growth. I function the President and CEO of Labacorp Vitality, a subsidiary of Labacorp Group.
Labacorp Vitality Restricted is an indigenous oil and fuel service firm with operations primarily in West and Central Africa, and pursuits in different worldwide markets. Our major providers are distribution of Olympus Non-Damaging Testing (NDT) merchandise, promotion of Oil and Gasoline exploration and manufacturing alternatives, provision of technical and engineering providers, advertising and marketing of progressive Oil and Gasoline merchandise, marine logistics assist providers, procurement, sale and distribution of petroleum.
OGR: What are your plans to getting concerned in Cameroon’s main industries, extra notably the power sector?
Bako: A lot of the main industries in Cameroon are but to be developed or aren’t working to their full potentials for one cause or the opposite, starting from lack of funds to lack of kit and operational experience. It is a main alternative for traders to faucet into.
They’ll benefit from these challenges and put their cash into these industries and remember to make much more.
Due to our top-notch companions and intensive community out and in of Cameroon, Labacorp Vitality Restricted has the flexibility to
carry the enterprise and the assets wanted to unlock the potentials in Cameroon’s main industries, particularly within the power sector.
OGR: You’ll be organising an Oil & Gasoline Enterprise Mission to Cameroon, what are your enterprise methods to draw overseas traders?
Bako: Cameroon is the sixth-largest producer of crude oil within the Sub-Saharan Africa area, presently producing over 100000 barrels per day. The Nationwide Hydrocarbons Company (SNH) below the supervision of the federal government of Cameroon has put out 9 blocks within the hydrocarbons wealthy Rio Del Rey Basin and within the extremely potential Douala/Kribi-Campo Basin on promotion.
These are alternatives that if tapped into and exploited; by bringing in the fitting individuals and companies with experience within the sector, Cameroon can see itself shifting increased within the power manufacturing ranks thereby resulting in an total growth of the power sector and why not different sectors associated power.
It is vitally frequent to listen to Cameroon being known as Africa in miniature most likely as a result of it’s attainable to seek out virtually every little thing on the African continent in Cameroon.
Other than Oil, Cameroon has an entire lot of alternatives, starting from agriculture and horticulture to move, training and coaching, well being, and mining. It’s value noting that Cameroon just lately found 300 new mineral deposit websites in 5 areas of the nation, and these websites cowl solely 40% of the nation’s nationwide territory, leaving an enormous 60% nonetheless to be explored. That is simply one of many many enticing alternatives that may be exploited in Cameroon.
The Oil and Gasoline Enterprise Mission to Cameroon is scheduled to happen from June 7 – 10, 2021. The primary technique we’re setting up to draw overseas traders is discovering what these traders are on the lookout for and utilizing the Oil and Gasoline Enterprise Mission to Cameroon as a gateway for them to get this stuff.
Buyers are on the lookout for concrete alternatives and the Oil Gasoline Enterprise Mission to Cameroon will give attention to oil and fuel exploitation alternatives and doing enterprise within the oil and fuel sector in Cameroon.
We’re additionally placing ahead the benefits the oil and fuel business has to supply, and the chance to construct networks with current oil and fuel corporations within the nation