By Chisomo Phiri
United Transformation Movement (UTM ) President Dr. Dalitso Kabambe, has emphasized the need for an economic revolution in the country, citing the stagnant development over the past 60 years.
The renowned development economist and former Governor of the Reserve Bank of Malawi(RBM ), made the remarks in Ndirande on Thursday.
Kabambe highlighted Malawi’s struggles with hunger, poverty, and unemployment, noting that over 68% of Malawians live in hunger, and 75% are trapped in abject poverty.
He also pointed out that inflation is at 33%, while wage increases are minimal, leaving Malawians suffering across the board.
The UTM President drew parallels between Malawi’s current economic struggles and the country’s past experiences with oppressive regimes.
He praised the efforts of Malawi’s founding father, Dr. Hastings Kamuzu Banda, who led the country’s first revolution, and Dr. Bakili Muluzi, who led the second revolution.
Kabambe emphasized that it is time for a third revolution, one that focuses on economic transformation.
He vowed that UTM, under his leadership, would fight for change and work towards a better future for Malawians.
With his economic expertise and leadership experience, Kabambe is positioning himself as a strong contender in Malawi’s 2025 presidential elections.
