MacDonald Mafuta Mwale

Last updated
Macdonald Mafuta Mwale
Born (1970-01-01) January 1, 1970 (age 56)
Malawi
Education
OccupationsEconomist, Central Banker
Years active1990s–present
Known forGovernor of the Reserve Bank of Malawi
TitleGovernor of the Reserve Bank of Malawi

Macdonald Mafuta Mwale (born January 1, 1970) is a Malawian economist who served as the Governor of the Reserve Bank of Malawi between 2025 and 2026. [1] [2] He has held various positions in Malawi's financial sector, including serving as the Secretary to the Treasury and Deputy Governor of the Reserve Bank of Malawi. [2]

Contents

Early life and education

Mwale was born in Malawi and pursued his higher education abroad. [3] He holds a PhD in Economics from the University of Aberdeen, a Master of Science degree in Economics and Econometrics from the University of Nottingham, and a Bachelor of Social Science degree in Economics from the University of Malawi. [2] [4] [1]

Career

Mwale began his professional career in the 1990s and has since held several key roles in Malawi's financial institutions. [5] He served as the Director of Research and Statistics at the Reserve Bank of Malawi and later as the Secretary to the Treasury. In December 2024, he returned to the Reserve Bank of Malawi as Deputy Governor, and in January 2025, he was appointed Governor, succeeding Wilson Banda. [2]

References

  1. 1 2 "Mafuta Mwale is new Reserve Bank of Malawi governor". The Times Group. 2025-01-07. Retrieved 2025-10-14.
  2. 1 2 3 4 247Malawi (2025-01-06). "Chakwera appoints Dr. MacDonald Mafuta Mwale Reserve Bank Governor". 247MALAWI NEWS. Retrieved 2025-10-14.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. ↑ NyasaAuthor1 (2025-01-07). "Should Malawians trust Mafuta Mwale, the new RBM boss to bring change? - Malawi Nyasa Times - News from Malawi about Malawi" . Retrieved 2025-10-14.{{cite web}}: CS1 maint: numeric names: authors list (link)
  4. ↑ "There is need for new leadership of Dr McDonald Mwale at RBM to be more independent and professional in approach in their decisions—Chief Economist Chifipa Mhango – Maravi Express – Your Kind of News. Clear and accurate" . Retrieved 2025-10-14.
  5. ↑ Phiri, Grace (2025-01-07). "Chakwera appoints Mafuta Mwale RBM Governor". Nation Online. Retrieved 2025-10-14.
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