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The Minister of Finance and Economic Affairs is a minister in the Cabinet of Malawi [1] [2] who is responsible for the financial management of government affairs, including attending national budget, and developing economic policy. [3] The current minister is Simplex Chithyola Banda. [4] [5] [6] [7] [8]
Functions of the Minister of Finance and Economic Affairs
The Democratic Progressive Party (DPP) is a political party in Malawi. The party was formed in February 2005 by Malawian President Bingu wa Mutharika after a dispute with the United Democratic Front (UDF), which was led by his predecessor, Bakili Muluzi.
Maxwell Mkwezalamba is a Malawian politician and economist. He is currently First Alternate Executive Director for Africa Group 1 Constituency, comprising 23 African countries, at the International Monetary Fund in Washington, DC, USA. Before this appointment, he briefly served as Minister of Finance for Malawi under former President Dr. Joyce Banda, before Cabinet was dissolved prior to the May 20, 2014 Tripartite Elections. Between May 2004 and April 2013, he served as Commissioner for Economic Affairs for the African Union in Addis Ababa, Ethiopia. When President Peter Mutharika ascended to power in June 2014, the Finance portfolio was given to Goodall Gondwe.
The Reserve Bank of Malawi is the central bank of Malawi established in the year 1964 located in Lilongwe. The current governor is Wilson Banda.
The Ministry of Economy and Finance accounts for the administration of financial and economic policy and affair in the Kingdom of Cambodia. In accordance to the official website, the ministry was commissioned by the Royal Government of Cambodia to perform missions of guidances and administrations in economic and financial affairs. The current Minister responsible for the Ministry of Economic and Finance is Aun Porn Moniroth, as of 2013. The main ministerial office is located in Phnom Penh, while the provincial branches are located across the main capitals of each province.
Goodall Edward Gondwe was a Malawian economist who served in his country's cabinet as Minister of Finance on two occasions: from 2004 to 2009, and from 2014 to 2019. He also served as Minister of Local Government from 2009 to 2010 and Minister of Natural Resources, Energy and Environment Affairs from 2011 to 2012.
Arthur Peter Mutharika is a Malawian politician and lawyer who was President of Malawi from May 2014 to June 2020. Mutharika has worked in the field of international justice, specialising in international economic law, international law and comparative constitutional law. He informally served as an adviser to his older brother, President Bingu wa Mutharika, on issues of foreign and domestic policy from the onset of his election campaign until the President's death on 5 April 2012.
The Nation is a newspaper based in Blantyre, Malawi, owned by Nations Publications Limited. It began distribution on 26 July 1993, and became a daily newspaper on 11 July 1994, coming out on Mondays through Fridays. Its sister newspaper Saturday Nation, now called Weekend Nation, was launched in 1995.
Ken Diston Lipenga is a Malawian politician, journalist, and writer. He was the Member of Parliament for Phalombe East from 1997 to 2014. He has served in various ministerial positions.
Aleke Kadonaphani Banda was a Malawian politician who served as a Member of Parliament, as Minister of Finance, and as Minister of Agriculture in Malawi. He was also co-founder of 'the Nation Publications Limited'. Banda's life in politics (1953–2008) was devoted intensely to his country as it gained independence from the United Kingdom in 1964, as it established the political and economic structures of an independent state under Hastings Kamuzu Banda and as it created the framework of a multiparty democracy under Bakili Muluzi. Banda died from leukemia on 9 April 2010.
Ken Kandodo is a Financial Manager, MP and politician who was appointed Malawi's Minister of Labour in July 2020, following the 2020 presidential elections. Ken Kandodo was relieved from his ministerial position in April 2021 following the fraudulent use of COVID-19 funds. Ken Kandodo also served as Malawi's Minister of Finance from 15 June 2009 to 8 September 2011, due to the reshuffle in the Cabinet of Malawi. Kandodo is a grand nephew of former president Hastings Banda.On 18 April 2021, Ken Kandodo was fired from his ministerial post due to mismanagement of COVID-19 funds. He is a Chewa from the midlands of Malawi.
Henry Chimunthu Banda is a Malawian politician who was the Speaker of the National Assembly of Malawi from May 2009 to May 2014. He was elected in 2009 as the Chair of the 19 member Commonwealth Parliamentary Association, Africa region.
The 2012 Malawian constitutional crisis occurred from April 5, 2012 - April 7, 2012 after senior members of the Democratic Progressive Party-led cabinet failed to notify the public of the death of the sitting president, Bingu wa Mutharika on April 5. Instead, cabinet ministers held a series of meetings in Lilongwe, Malawi without vice-president Joyce Banda with the aim of undermining the constitution and Banda's succession to Presidency. News confirming his death had, however, quickly spread across the country through word of mouth, cellphone text messages, Malawian bloggers, Twitter, Facebook, and on listservs by the end of the day on April 5, 2012. Therefore, the failure to announce his death resulted in speculation over the real health of the president and over whether the succession procedures would be followed as outlined in the constitution. According to the constitution, the vice-president takes over but there had been no official word on a successor or communication with the vice-president. Amidst growing speculation, the Cabinet announced that the president's brother, Peter Mutharika, the foreign minister, was the new President of the party on April 6. The Cabinet only announced his death two days after his death, after which Banda became Malawi's first female President.
Capital Hill Cashgate Scandal or "Cashgate" is a financial scandal involving looting, theft and corruption that happened at Capital Hill, the seat of Government of Malawi. The scandal was uncovered during the administration of President Joyce Banda, though it is believed to have begun prior to her taking office.
Sosten Gwengwe is a Malawian politician who served as the Minister of Finance and Economic Affairs of the Republic of Malawi from January 30, 2022 until his replacement in October 2023. He previously served as Minister of Trade from June 2020 until his appointment as Finance and Economic Affairs Minister.
The Ministry of Finance & National Economy (MOFNE) is responsible for formulating and implementing the financial policies of the Kingdom of Bahrain within the overall vision of the Bahrain Government. The Ministry prepares the state general budget in coordination with other ministries and public entities in a way that reflects the financial and economic objectives of the Kingdom, particularly regarding improving living standards and increasing levels of economic growth.
Simplex Chithyola Banda is a Malawian politician and educator who is the current Minister of Trade and Industry in Malawi from February 2023. He is a Member of Parliament for Kasungu South Constituency from Malawi Congress Party.
Richard Chimwendo Banda is a Malawian politician and educator who is the current Minister of Local Government,Unity and Culture, Leader of Government Business in Parliament, National Youth Director for the ruling MCP. He went to Mwanza Secondary School Unity, and Culture in Malawi from January 2022. He is a Member of Parliament for Dowa East Constituency. In July 2020, he was Minister of Homeland Security before being replaced by Jean Muonaowauza Sendeza in 2022.
Balaka Prison, also known as Balaka Maximum Security Prison, is a prison located in Balaka, Malawi. Balaka Prison has a capacity of approximately 1,500 inmates, but it often holds more than 2,000 prisoners due to overcrowding. The main objective of Balaka Prison is to provide a safe and secure environment for the rehabilitation and reintegration of offenders into society.
The Minister of Agriculture of Malawi is a cabinet position in the Malawi government responsible for the country's agricultural sector. The Minister of Agriculture is further responsible for formulating and implementing policies aimed at promoting agricultural productivity, improving food security, and enhancing the livelihoods of farmers. The minister also oversees the development of irrigation systems, agricultural research, and extension services.