MZUZU-(MaraviPost)-The former Reserve Bank of Malawi (RBM) Governor Dr. Dalitso Kabambe proposes monthly audits in all government agencies, departments and ministries to end corruption.
Dr. Kabambe says, “Malawi needs a no nonsense approach towards “ending” corruption, with forensic audits playing centre role in combating graft”.
The former RBM governor was speaking in a public lecture at Mzuzu University on Friday, July 19, 2024.
Kabambe also suggested that the Anti-Corruption Bureau (ACB) must be proactive by working to prevent corruption.
On why he joined politics while now giving the public lectures, Kabambe said, “During the 24 years that I worked in the civil service, politicians ignored his advice repeatedly and that was his motivation to join politics.
“Sometimes you get angry, you get frustrated. You advise them to do one thing, only to see them do another… and that is the reason I joined this”.
He therefore said, “It is high time specialists in various fields rose to take up leadership positions instead of forgoing their responsibility”.
On current Malawi’s ailing economy, Kabambe observes that the country has not done well because of borrowing.
He added, “There is need to change mindset and develop based on what is in the country rather than relying on donors and debtors to bail the country out”.
He however alleged that most big projects in the country fail because of debts that the country has been taking which he says are a hindrance towards economic liberation.
Kabambe therefore recommended the need for changes in the country’s monetary and fiscal areas.
He argues failure to do so will make the kwacha prone to devaluations and inflations.
“Those of you that have money in the bank, that money is being eroded by 36 percent and being rewarded by 26 percent and yet savings are important in growing the economy,” says Kabambe.
On his part, Nyika Institute executive director, Moses Mkandawire lauded Dr. Kabambe’s ideas for the country’ development
Mkandawire adds, “There is also need to reflect on the sustainable development goals and other development policies so that no one should be left behind”
The public lecture titled “An inclusive and sustainable transformation agenda for the North”, attracted participants from Civil Society Organisations (CSOs), the academia and Mzuzu city residents.