‘Diversifying income base key to growth’

Post was last updated: April 5, 2018

An expert has advised the government to diversify ways of earning a living among rural communities as a solution to improve the country’s Gross Domestic Product (GDP) per capita.

Currently, Malawi is ranked among the poorest countries in the world with recent statistics showing that in 2017, the country’s GDP per capita was at $327.

Sarah Lindeire, Co-founder and Executive Director of Tingathe, a non-governmental organisation that is working to empower youths with technical skills in Lilongwe, said this over the weekend, when she delivered a public lecture at Unicaf University.

Lindeire said that Malawi is in a period of opportunity, which, if handled well, can lead to transformation of people’s lives.

“The gap is evident as seen in the ways people are earning money. We have very few options that are presenting themselves and this may be because of the environment not being conducive to allow people to think outside the box and support people to be innovative.

“It may also be because individuals have not been empowered to enable them to innovate and think differently on how to earn money, sustain income and invest,” Lindeire said.

She went on to emphasise the need to have open and honest conversations in communication by bringing all people on board unlike where decisions are made by a few people who do not have the required experience.

Unicaf Chancellor, Joseph Kuthemba-Mwale, said that the niversity will continue to engage experts and scholars in various fields to unlock solutions for the growth of the Malawi economy.

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