[kictanet] much ado about migration but small steps on the ground...

[Dennis Kioko]

Again, while advocating for tenders to go to local firms, we are forgetting
to look at the source of funding for such projects.

Government's rarely fund their projects.

A good way to solve this would be coming with a framework in which
government can locally source for funds by floating long term bonds for
such projects, then having the same projects locally tendered. Downside is
that bonds can be expensive compared to current terms which see interest
rates at less than 3 per cent eg when funded by China EXIM.

The private sector could also form a body which finances such govt projects
and mandates local contracting, but again they will have to do with low
interest rates over a long term.

But in Africa, most capital is siphoned off by politicians to Islands and
Swiss bank accounts where it sits idle and inaccessible to home countries.
Corruption is bleeding us dry, hence why it should be punishable by death.
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