Reserve Bank of Malawi (RBM) former governor Dalitso Kabambe has attributed challenges besetting Malawi to leadership failure.
Kabambe said this in the Times Exclusive Programme which aired last Saturday.
According to the RBM former chief, poor fiscal policy, misaligned exchange rate and a mismatch between inflation and interest rate were aggravating living conditions in the country.
He claimed that some people were failing to pay school fees for their children and run businesses.
Kabambe added that those in formal employment continued to take home measly salaries.
The Democratic Progressive Party former member, who also affirmed that he would be contesting for the UTM presidency at the elective convention scheduled for November 17, underlined the need to reform the country’s agriculture sector.
He said the agriculture sector had the potential to turnaround the country’s fortunes.
“There is a need for reformation of the agriculture sector, especially by cutting down on the cost of production for farmers.
“We have failed to satisfy international markets, in terms of exports of agricultural products, because we don’t produce enough in our farms and the little we produce is exported raw at very low prices,” Kabambe said.
The economist-cum politician also touched on the significance of leveraging the country’s minerals for the benefit of Malawians.
“We haven’t seen much movement on this front. There was talk of a mining authority being established to preside over business in the mining space. We also need to open up mines as a means of job creation,” Kabambe said.
He has since asked Malawians to put the right people in positions of power if they want their lives to change for the better.
