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Daily Nation > Blog > Advanced ICT skills will help capture financialflows – expert

Advanced ICT skills will help capture financialflows – expert

Daily Nation
Last updated: March 7, 2021 12:35 pm
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Sat, 19 Nov 2016 10:34:56 +0000

A DELIBERATE policy aimed at enhancing skills in the Information Communication Technology (ICT) will help capture financial flows as most of such activities take place through advanced technology, says an expert in the sector, Hebert Ngobola.

Mr Ngobola explained in an interview that most financial flows worldwide were as a result of sophisticated technology which was why countries such as Kenya and India invested in the ICT sector.He said any country needed enhanced ICT skills for its locals while trusting them with a task of capturing all the money diverted to other countries by crooked people.“Governments in Kenya and India have deliberate policies for ICT as a major thing for development.

Therefore, enhancing training skill in ICT will help sharpen the skills while capturing money.“We lack a policy that supports that and the market is not ripe because we do not trust Zambian ICT sector which can help us save a lot of jobs and money,” he said.Mr Ngobola said most corporate companies, including the telecommunication sector in Zambia hired foreigners in the ICT departments to assist in diverting money elsewhere.“Almost all banks and corporate companies have foreign companies in their ICT department who come with their own people to work.

The amount of funds being awarded to foreign ICT companies which come to operate into Zambia is very huge,” he said.He said most of these ICT companies operating in Zambia had sophisticated systems which once taught to locals would create an impact in the sector.

Systems used to borrow money for telecommunication companies are sophisticated and you borrow from their company origins and the money goes back to their company.“In Kenya, ICT is a major contributor to the country’s budget, just like India and the USA. This can be the same with Zambia if more was invested in the sector. It can contribute to the national Budget,” he said.

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