‘Handouts hinder economic development’
Heavy reliance on handouts among most Malawians remains one of the hindrances to sustainable economic development in the country.
The spirit deters people from thinking about creating wealth at both macro and micro levels.
This was the general view of panelists on Friday at the wealth creation conference organised by Sycamore Consult and graced by Vice President Saulos Chilima.
In his keynote address, Chilima reiterated the need for mindset change among Malawians, rating it as one of the key ingredients for wealth creation and national development.
He urged Malawians to be involved in endeviours towards personal and national development.
“Doing nothing is not an option, seating idol is not an option, celebrating poverty is not an option. We are saying let us create wealth and, in order to achieve that, we need to change our mindset and the time to do that is now,” he said.
Sycamore Consult founder Audrey Mwala said handouts shape the mindsets of people towards getting money for survival alone and not for development.
She said there was a need for Malawians to devise sustainable income-generating activities than waiting to be on the receiving end.
“We want to encourage Malawians to think long term so that they create wealth in abundance so that we now start thinking of other developmental things that are being thought about in other countries,” Mwala said.
Key speakers at the conference included Malawi Stock Exchange Chief Executive Officer John Kamanga, Bishop Abraham Simama of Simama Group and Zambian entrepreneur Dumisani Ncube.
Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk.
He is however flexible as he also writes about current affairs and national issues.