ZOMBA-(MaraviPost)-The opposition Democratic Progressive Party (DPP) presidential aspirant Dr. Dalitso Kabambe emphasised the need for a candid discussion amongst the youths on practical ways to revive Malawi’s economy.
Kabambe however observed that “It is not inspiring that Malawians are yet to believe in youthful leadership in different sectors of the economy”.
“We are supposed to empower young people from college so that when they graduate they are able to take up challenging positions.
“75 percent of Malawi’s population is below 35. Look at Singapore, China and others, they are the youth developing their countries because they know that a larger population comprises them,” he said.
The former Reserve Bank of Malawi (RBM) governor Kabambe was speaking on a sidelines of ‘Tamanda Chauta’ album launch of the University of Malawi (UNIMA)’s Catholic Students Organisation (CSO’s) Choir in Zomba city.
Kabambe, a development economist told the youth that Malawi’s economy needs to start growing, which in the long-term will, among others, ensure many youths are absorbed into the labour market.
“Our economy is failing to create and generate jobs for the youth and, as they finish school, there is no one to employ them. This is something that we need to quickly address in the labour market
“There is need to start changing the structure of the government from a top-down to a bottom-up approach, meaning that resources should be channeled to the district level instead of mainly being controlled at the central government level,” says the former RBM governor.
This, according to Kabambe, is one of the key points in his seven-point plan that aims at turning around the country’s economic fortunes.
He added, “It is important that the economy grows in numerous areas of mining, agriculture, manufacturing and tourism, among others, stressing that this can be achieved if there is an honest discussion pertaining the current state of the economy with a strong fight put up against corruption.
Kabambe however observed that “There is too much corruption in Malawi which among others, is affecting the youth to rise in politics”.
He therefore thanked UNIMA students for inviting him as guest of honour during their album launch.
Dr. Kabambe left RBM when Malawi kwacha was thriving against major currencies including America dollar at MK850 in 2020 but currently is traded at MK2,500.
Malawi inflation is now rated at 33% from 14% in 2020.