Africa Needs Collaboration, Not Foreign Aid --- Investment expert

An investment expert, Shirley Nkechinyere, has emphasised the need for African countries to collaborate with one another to thrive.

Nkechinyere, who is the Chief Executive Officer of Crusto Prestige Group, made the assertion yesterday while fielding questions from newsmen in Abuja on their expectations at the forthcoming Africa Business Leadership and Investment Summit in Kigali, Rwanda.

The expert said what African countries needed more to succeed was collaborative efforts rather than depending on foreign aid.

Nkechinyere further warned that the continent should desist from its continued reliance on financial aid from European countries for survival.

She said, “When we talk about foreign aid, Africa doesn’t need it. What we need is collaboration with each other to thrive. We need to get our act together so that we can make this happen in Africa.”

According to her, many investment experts have identified leadership gaps and challenges that make businesses susceptible to failures.

Nkechinyere noted that knowledge gap, lack of exposure, and more importantly, lack of funding are sometimes contributory factors to such failures.

She added: “We need resources to push our nations. I am talking about African nations. This is not just a Nigerian forum. We plan to bring together African nations to share ideas.

“We are fostering Pan-African partnerships. We need to understand that this platform is set to promote collaboration across Africa.”