Since time immemorial, mankind has innovated and engaged in various activities that have simplified and enriched life.

Centuries ago, activities such as agriculture, the invention of the wheel, the development of written language, the creation of basic tools, and the establishment of trade routes greatly improved mankind’s quality of life.

These simplified life by providing solutions to various challenges, automating tasks, streamlining processes, and enhancing efficiency. These advancements have continued to the present day.

In modern societies, advancements in technology, healthcare, and infrastructure have vastly improved the quality of life. For instance, inventions like electricity and vaccines, as well as the development of the internet and renewable energy sources, have revolutionized communication, healthcare access, and overall living standards, exponentially enhancing the human experience.

In Africa, individuals and organizations have worked tirelessly to develop the continent for generations.

Some of these entities work effectively due to donations in form of money and other resources from well-wishers to promote development.

For instance, philanthropic entities such as the Bill and Melinda Gates Foundation, Tony Elumelu Foundation, Mo Ibrahim Foundation, and Oprah Winfrey Foundation donate money and other resources to the continent for development.

Additionally, governmental and non-governmental organizations like USAID, the United Nations, and the World Bank allocate funds for development projects in Africa, carried out by governments and local non-governmental organizations.

These funds support initiatives ranging from healthcare and education to infrastructure and economic empowerment, aiming to uplift communities and foster sustainable development.

However, the support given by some of these organisations and institutions fail to be used for the intended purpose or may end up becoming insufficient due to factors such as economic and political instability, mismanagement of funds, lack of accountability,  conflict, inadequate infrastructure, and insufficient regulatory frameworks to govern resource use.

In Malawi, economic instability has been affecting the operations of Non-Governmental Organizations.

A report by the World Bank reveals that economic instability in Malawi has impacted the operations of NGOs by reducing funding availability due to currency depreciation and inflation.

This has led to budget constraints, hindering project implementation and sustainability. Additionally, fluctuating exchange rates affect procurement costs for essential goods and services, further straining operational capacities.

This is worrisome because these organizations implement developmental projects that improve the lives of poor Malawians, many of whom live on less than one US Dollar a day.

If economic situations such as depreciation, devaluation, and inflation continue, the country will fail to achieve some of its goals, such as the overarching Agenda 2063, which aims to spur inclusive growth and fight poverty.

There is a need for everyone to join hands in finding solutions that will help the country address the economic instability.

Currency depreciation, devaluation, and inflation typically require government intervention.

The government is implementing measures, including a flexible exchange rate system, which allows the Kwacha to float freely against other currencies.

Treasury has also implemented several fiscal policies aimed at reducing inflation and improving the country’s economic stability.

However, individuals and NGOs can also contribute by promoting financial literacy, advocating for transparent economic governance, and implementing sustainable development projects.

Collectively, stakeholders can support initiatives that bolster economic stability, such as investing in education, infrastructure, and small businesses.

By fostering partnerships between government, NGOs, and communities, sustainable development can be promoted, contributing to poverty reduction and overall economic growth.

Additionally, NGOs should diversify funding sources, engage in income-generating activities, optimizing resource allocation, and prioritizing projects with high social impact.

They can also collaborate with other interested parties, advocate policy reforms, and adopt programs to address emerging needs and mitigate the effects of economic instability.