LILONGWE-(MaraviPost)-Former Reserve Bank of Malawi Governor, Dr. Dalitso Kabambe says Malawi has enough resources to achieve its development agenda.

Dr. Kabambe however hinted that the nation lacks thinking that can turn the resources into wealth.

Speaking to the audience at the Business Talk event in Lilongwe, Kabambe observes that the country still depends on the wisdom of the British who came to set up tea and tobacco estates in Malawi.

He therefore called upon the youth to rise up and change the course with new ideas as there is so much more that can be turned into meaningful wealth enough to uplift the economic status of the country.

Dr. Kabambe further said there is too much concentration of resources at Capital Hill, proposing that district councils should be given, at least MK100 billion, for development if the districts are to transform.

He said government’s obsession on borrowing is what is killing the country, taking up much of the resources that the private sector needs to borrow at low cost for industrial investments.

Kabambe called for a serious soul searching in the country to turn the potential of the country into meaningful change the country needs.

The event, which offered lectures on doing business, also attracted firms that showcased their products and services for the entrepreneurs’ appreciation.

Businessman Napoleon Dzombe was expected to make his presentation but did not show up.

To ascertain immediate economic benefits for the people of Malawi arising from this strategic shift, the MGDS will in the next five years place emphasis on six key priority areas of agriculture and food security; irrigation and water development; transport infrastructure development; energy generation and supply.