After earning his bachelor of laws degree, followed by a master of laws with a focus in commercial law from the University of Cape Town, Peter Stokes established Concord Equity to assist companies operating in southern Africa to raise capital in Europe. Peter Stokes uses his first hand experience of working in southern Africa combined with Concord Equity's presence in London to act as the bridge to connect investment opportunities in Africa with European capital. Peter Stokes regularly attends Africa-related investment conferences and has been active in financing projects in South Africa, Namibia, and Mozambique.
Peter Stokes is a founder of Concord Training which provides classroom-based and on-site safety training for mining, oil & gas and construction companies operating in southern Africa, and provides services to companies from its bases in Cape Town in South Africa, Pemba in Mozambique and Luanda in Angola. Concord is an accredited training provider offering courses which include fire fighting, first aid, safety at heights, hazmat and work readiness.
Concord Training helps multi-nationals meet their requirements for hiring local staff, referred to as "local content" requirements, by providing the work readiness training necessary to create a new local work force in often remote and under-served areas where oil & gas production is being developed. A good example is the off-shore oil fields under development off the coast of Mozambique in the Rovuma Basin. Concord Training serves this demand through its training facility in Pemba, Mozambique.
According to the National Work Readiness Council, the term “work readiness” refers to the ability of frontline staff to deliver value to their organization in entry-level positions. Concord believes that the provision of work readiness training is the key to enabling local communities to participate and benefit at a practical level from the foreign inward investment in large projects, such as oil & gas industry.
Westwood Global Energy Group just released its World FLNG Market Forecast 2019-2024
From their latest analysis of sanctioned and upcoming projects, global FLNG capital expenditure (Capex) is projected to total $52.8 billion (bn) over the 2019-2024 period. FLNG stands for floating liquefied natural gas, and refers to the process whereby gas is processed on floating facilities. Forecast liquefaction construction spend in Africa will total $15.4bn over 2019-2024, with 34% of this spend already committed.
The report also confirms the strong trend towards the use of floating gas liquefication units (FLNG) with the driver to this being the short lead-time from receiving sanction to operation.
Concord Training’s facility in Mozambique, Concord Offshore Plus, is the first specialist and accredited training provider of both maritime and offshore safety training in Pemba Mozambique providing work readiness training to enable local communities to benefit from the multi-billion dollar foreign investment that is about to flow.
