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FOCUS 8


Strong cash management is the basis of any successful business, but requires particular attention if an organisation is exploring new territories and markets.


IN ORDER by BEN TATHAM, Director


Africa, like other new markets, is a challenging and potentially volatile market with elongated


supply chains and varying domestic capabilities. Investment is high-risk with little prospect of a short-term return. In such a situation, managing cash outfl ow is critical, and for oil and gas companies that means instilling rigid cash


discipline in the business. Weak cash and working capital management can result in hemorrhaging of profi ts, hardly the best foundation on which to build a new enterprise and often a sign of wider systematic failings.


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CASH MANAGEMENT


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