Africazine:
The University of Lusaka’s Vice Chancellor has called for a transformative approach among new accountants in Zambia.
During the 20th Graduation Ceremony of the Zambia Institute of Chartered Accountants, Professor Pinalo Chifwanakeni urged the 884 graduates to expand their roles beyond traditional accounting. He emphasized the need for strategic thinking and entrepreneurship to drive national development.
Accountants Challenged to Drive Wealth Creation
Professor Chifwanakeni highlighted the importance of accountants becoming strategic thinkers and entrepreneurs. He stated that they should not limit themselves to bookkeeping but should actively seek out business opportunities. This shift is crucial for Zambia’s economic growth.
He pointed out the complexities of the current economic environment, which is influenced by rapid technological changes and digital transformation. Continuous skill upgrades are essential for professionals to remain relevant and effective.
ZICA’s Role in Enhancing Accountability
Professor Chifwanakeni also called on the Zambia Institute of Chartered Accountants to leverage its expertise. He suggested developing short courses for newly elected officials to improve accountability and financial management of public resources, including the Constituency Development Fund.
Upholding ethical standards is vital, as accountants play a critical role in safeguarding both corporate and national resources. The Vice Chancellor’s message was clear: the future of Zambia’s economy relies on professionals who can translate their knowledge into practical solutions.
Next Steps for Graduates and ZICA
- Develop short courses for newly elected councilors, Members of Parliament, and mayors.
- Encourage graduates to embrace entrepreneurship and create businesses.
- Promote continuous skill upgrades in response to technological advancements.
Accountants in Zambia are urged to become strategic thinkers and entrepreneurs to foster national development.
