Simplex Chithyola Banda | |
---|---|
Minister of Finance & Economic Affairs | |
Assumed office October 2023 | |
President | Lazarus Chakwera |
Preceded by | Sosten Gwengwe |
Personal details | |
Born | Simplex Chithyola Banda 1969 (age 54–55) Kasungu,Malawi |
Political party | Malawi Congress Party |
Alma mater | University of Bedfordshire |
Occupation | |
Simplex Chithyola Banda is a Malawian politician and educator who is the current Minister of Finance and Economic Affairs (Malawi) [1] [2] in Malawi from February 2023. [3] [4] [5] [6] [7] He is a Member of Parliament for Kasungu South Constituency from Malawi Congress Party. [8] [9]
Banda was born in 1969 in Kasungu, Malawi. He attended Kasungu Secondary School. He has a Master's Degree in Public Policy and Administration. [3] He was appointed by President Lazarus Chakwera as the new Minister of Finance replacing Sosten Gwengwe. [10] [11]
The kwacha is the currency of Malawi as of 1971, replacing the Malawian pound. It is divided into 100 tambala. The kwacha replaced other types of currency, namely the British pound sterling, the South African rand, and the Rhodesian dollar, that had previously circulated through the Malawian economy. The exchange rate of the kwacha undergoes fixed periodical adjustments, but since 1994 the exchange rate has floated. In 2005, administrative measures were put in place by Bingu wa Mutharika to peg the exchange rate with other currencies. Banknotes are issued by the Reserve Bank of Malawi. In May 2012, the Reserve Bank of Malawi devalued the kwacha by 34% and unpegged it from the United States dollar. The currency was further devalued by 25% by the central bank in May 2022 followed by another 44% devaluation in November 2023 raising inflation rate in Malawi.
Kasungu is a town in the Kasungu District of the Central Region of Malawi. The population of Kasungu was 58,653 according to the 2018 census. Kasungu is approximately 130 kilometres (81 mi) north-west of the capital of Malawi, Lilongwe, and is 35 kilometres (22 mi) east of Kasungu National Park. The main industry in Kasungu is tobacco-growing.
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The Minister of Finance and Economic Affairs is a minister in the Cabinet of Malawi who is responsible for the financial management of government affairs, including attending national budget, and developing economic policy. The current minister is Simplex Chithyola Banda.
The Christian Health Association of Malawi(CHAM) is a non-governmental healthcare organisation in Malawi that seeks to ensure that all people have access to high-quality and affordable health services. According to its official website, the organisation claims to provide 30% of Malawi's healthcare services and trains up to 80% of Malawi's healthcare providers. It serves in typical rural and urban areas, to less fortunate and most underserved populations. The organisation is a network of church-owned health facilities, hospitals and training colleges with an intention to provide lower-cost health services, as well as promotion of diverse and special healthcare services. It is made of 195 health facilities and 11 training colleges located all over the country.
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