The challenge

 

An international oil and gas company, pursuing new opportunities in North Africa, needed to develop a social investment strategy to support country entry, one that would please as many stakeholders as possible while supporting the company’s long-term business interests. To do so, the company sought to understand the needs and development priorities of the government.

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The KRL approach

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KRL conducted baseline desktop research, followed by several assessment missions to the country in question. KRL arranged meetings with government officials, business leaders, NGOs, and academic institutions, with a final database of over 150 industry stakeholders.

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Analysis revealed that youth unemployment and education were some of the most pressing priorities. Based upon KRL’s assessment, the company developed a concept paper for its social investment strategy with an emphasis on building capacity within the state oil company and supporting feeder schools specializing in petroleum engineering.

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KRL continued working with the company to facilitate partnerships with other investors in the sector, state-owned companies, the U.S. Fulbright Commission, USAID, and prominent nongovernmental organizations, ultimately securing widespread buy-in and over $1.2 million in contributions for the high-impact social investment project.