Call for Local Technical Expertise to Reduce Foreign Reliance

TLDR

• Prof Kindiki made the call during the Africa50 Shareholders Meeting in Dar es Salaam today, which also marked the institution’s 10th anniversary.
• Additionally, he stressed the need for African countries to develop local technical expertise to reduce reliance on foreign specialists, lower project implementation costs and increase national ownership of development.
• Furthermore, he called for innovative ways of mobilising domestic and regional resources to reduce the cost of capital, strengthen investor confidence and accelerate implementation of major infrastructure and.