(NEWZIMBABWE) Chikwanda links Africa's poverty, misery to intellectual bankruptcy

Sunday, November 25, 2012

(NEWZIMBABWE) Chikwanda links Africa's poverty, misery to intellectual bankruptcy

Chikwanda links Africa's poverty, misery to intellectual bankruptcy
By Henry Sinyangwe
Fri 23 Nov. 2012, 17:40 CAT

ALEXANDER Chikwanda says most Zambians serving in the public sector spend a lot of their time wandering about and showing pomposity instead of addressing real issues.

Launching a book titled Object-Oriented Development in Africa authored by Musaba Chailunga on Wednesday, Chikwanda who is the Minister of Finance said un-bankable development ideas end up not bearing any fruits.

The Institute for Finance and Economics headed by former Bank of Zambia governor Dr Caleb Fundanga as its president has sponsored the book which touches on various issues concerning Africa's development.
Chikwanda said Africa's misery and poverty has more of its origins in intellectual bankruptcy.

"The book is significant because Africa's misery, Africa's poverty has more of its origins in intellectual moral bankruptcy. Our ideas of development are very un-bankable. When you are given an opportunity to serve in the public sector, our ideas will be to roam the world endlessly and show pomposity instead of addressing the issues. So that's the moral bankruptcy part of it. We don't think deep enough. From what he has said, the book should be for a personal and national agenda," he said.

Chikwanda said there was no other resource which any country has apart from people who are trained and armed with work ethic, vision and commitment.

"We are as successful as our ideas are viable. When our ideas are not viable, then we don't proceed as individuals and as a nation…That's the resource that matters, the rest of the resources are incidental to this," said Chikwanda.

And Chailunga said the solutions to Africa's problems are within the continent, and called for hard work than seeking solutions from outside.

Dr Fundanga noted the need for more books that offer ideas for economic development.

Labels: ALEXANDER CHIKWANDA, BANKING, CALEB FUNDANGA