BLANTYRE-(MaraviPost)-The Former Reserve Bank of Malawi (RBM) governor Dr. Dalitso Kabambe has emphasized the need for exports diversification for Malawi to generate enough forex amid ailing economy.
Dr. Kabambe observes Malawi will continue to face economic challenges if it does not diversify its exports.
He however argues that relying solely on tobacco, maize, sugar and tea is no longer viable, given that the significance of these products has diminished over the past century.
He was speaking in Blantyre at a dinner for final-year students of Malawi College of Accountancy (MCA), where he was the guest of honour.
Kabambe added that Malawi needs to adapt to the times and seek other products that can boost its economy, including forex reserves.
“This generation must change the destiny of our nation. Perhaps we, the older generation, have failed the country and it is time for the younger generation to rectify this,” he said.
The former RBM governor then challenged the students to engage in entrepreneurship, saying job opportunities remain limited in the Malawian market.
MCA Head of Programmes for Blantyre Campus, Esnart Lengani, said the institution remains committed to producing graduates who are well-prepared for the corporate world.
“Our programmes equip students with knowledge that they can also use to engage in entrepreneurship, as we recognise that jobs are not sufficient for everyone,” Lengani said.
Dr. Kabambe recently joined UTM party ahead of 2025 presidential polls.
