Chaponda hired as CEO of Malawi Agricultural and Industrial Investment Corporation

Malawi Agricultural and Industrial Investment Corporation (Maiic), a development finance institution under a public private partnership (PPP) arrangement, has hired hired Taziona Chaponda, a development economist, to be its chief executive officer (CEO).

Taz Chaponda, a development economist, to be chief executive officer of Malawi Agricultural and Industrial Investment Corporation

Taziona or Taz is son to for minister of agriculture Geogre Chaponda , a ruling Democratic Progressive Party ( DPP) executive member.

However, Taz Chaponda is qualified in his own right as a development economist to head Maiic, a government initiative but private sector-led development finance institution, which President Peter Mutharika launched in November last year to empower agro- businesses and industrial firms acquire financial assistance, management and skills training as well as loans.

Maiic will not be a bank, but a vehicle for spearheading private sector development in line with the Malawi Growth and Development Strategy (MGDS III).

Taz Chaponda will be heading Maiic with extensive experience across Sub-Saharan Africa, having worked in the major economic centers of Lagos, Nairobi and Johannesburg.

He also worked as an economic adviser in the Fiscal Affairs Division of the International Monetary Fund (IMF), in Washington DC.

Taz, who was admitted to the very prestigious  Yale University world fellows programme, was the Head of the South African Budget Office, responsible for the national and provincial budget framework.

He was also Head of Infrastructure Finance within the Government’s central PPP Unit where he led negotiations on a number of flagship projects in the transport and power sectors.

This expertise took him to Nigeria where he served in the Lagos State Governor’s Office.

In Malawi, Taz was the World Bank’s Country Office Economist working on private sector development, public expenditure management and poverty reduction strategies.

Taz is regularly called upon to lead capacity building programs in various African countries to strengthen planning and project appraisal systems and so enable better quality public services.

Meanwhile,  Minister of Finance, Economic Planning and Development Joseph Mwanamvekha, has said  Maiic is set to roll out.

The establishment of Maiic follows findings of a feasibility study conducted by independent consultants in 2013 and 2018 that government-led development finance institutions were plagued by government hitches.

The Malawi Government has 20 percent stake with others taking up 80 percent under PPP arrangement. In Maiic, Malawi Government’s start-up capital comprises K22 billion and another K13 billion from the proceeds of the sale of Malawi Savings Bank (MSB).

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ndunji
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ndunji

kkkkkkk mmmm ma credentials wo achuluka. The writer appears to be defending a case that isnt there.

Nazy
Guest
Nazy

I don’t know what isn’t there in your argument?

Mphwache
Guest
Mphwache

I have a problem. Despite his qualifications, I am questioning his Merit considering his inner circle of influence, which may come back to haunt Malawians.

Mwetankhondo
Guest
Mwetankhondo

If he is qualified let t be and envy be put aside however let him not syphon our little resources

Dennis Kampanikiza
Guest
Dennis Kampanikiza

There was nothing like maizegate in this country. That was a failed move to force DPP out of government.

Gome
Guest
Gome

why leave such lucrative jobs for a job in Malawi.

Limbani Kapindu
Guest
Limbani Kapindu

Congratulations Taz for your appointment. Malawi Needs More educated and hardworking lads like you. WELCOME BACK HOME!

Alole Alole Akane Akane
Guest
Alole Alole Akane Akane

Ambiri amene akunyoza ndi kutukwana Chapondawa ali biiii ndi litsilo! Nanu pitani kusukulu, nsanje sipindula.

Chester Dzinkambani
Guest
Chester Dzinkambani

This is a wonderful development for Malawi Agricultural and Industrial Investment.Congratulations MAIIC, Congratulation Chaponda.

Docus
Guest
Docus

Indeed a very clever move to chapondadise our nation further! A new financial agency in green to siphon more money out of the system?!
Poor agricultural sector, even poorer farmer, after greenbelt initiative, tractor gate, you name it, another billion Kwacha graveyard.
But alone the fact that it takes one whole year from the launch to the hiring of the first CEO speaks volumes!

Uncle T
Guest
Uncle T

Congratulations Taziona Chaponda.Koma uzionadi.Kuno ndi kumalawi ase.Ambiri ndi alesi ndipo chomwe amatha ndikutukwana pa internet.Dont mind them, do your job.

Ayudze
Guest
Ayudze

Za MAIZE GATE ZIDATHA GET A LIFE

Goodwin KU Cz
Guest
Goodwin KU Cz

A good move by malawi government.This is timely and will help MALAWI.Taziona Chaponda waiphula ase

mpilu
Guest
mpilu

now who is in the positions in the offices????
mma bank etc

Mundia Kabwe
Guest
Mundia Kabwe

Wow! I personally remember Taziona from Zambia sometime back.He is so smart.Congratulations are inorder.

mpilu
Guest
mpilu

kamuzu ,aleke banda, mcp ,capondas, confers amatum8za azibale ana ao kunja kophuzila on tax payers money and the litany is continues and has continued.

Amos Chiwengo
Guest
Amos Chiwengo

Moyo oipa ndikutukwana anthu will not take you anywhere.Pray for forgiveness and work hard brother Mpilu

mpilu
Guest
mpilu

kuphuzila,kusaphuzila pa mw is the same. take it on his dad.
wat example can we get? pls shiiit

Mwana wa Anabanda Ku Joni
Guest
Mwana wa Anabanda Ku Joni

That being said, this continues to make people have no faith in this government. He could be his own man but to hire him when his father has such a tainted reputation lacks rationality.

Gerald 'Sobermind' Tembo
Guest
Gerald 'Sobermind' Tembo

MAIIC has done well to hire a well-educated and capable Malawian development economist, to be its chief executive officer. This should be an example to other institutions especially in the private sector who always hire from west Africa as if we don’t have our own people to be CEO’S. Congratulations Chaponda.

President Mkango Lion Manthakanjenjemereza
Guest
President Mkango Lion Manthakanjenjemereza

That is one of the factors why DPP is not wanted. Nepotism. Can you learn please.

Mwana Mchawa
Guest
Mwana Mchawa

Komatu zomangoti Nepotism nfwe nfwe nfwe zi muchedwa nazo.Anzanu ku atumbuka kwanu konko akudzilimbikira nkumatukuka.Zidikirani wanu adzakhale president.kkkkkkkkkkk