Tanzania urges financial institutions to support Africa's drive to accelerate human capital development

DAR ES SALAAM, July 25 (Xinhua) -- Tanzanian Vice President Philip Mpango on Tuesday urged regional and multilateral financial institutions to do more to devise innovative financing solutions in support of Africa's drive to accelerate human capital development.

"Human capital investment is long-term in nature and thus requires low-cost financing with long-term maturity," said Mpango when he opened the technical session of the 2023 Heads of State Summit on Human Capital in Dar es Salaam, the economic hub of Tanzania.