Exit Kabambe: President Laz appoints Wilson Banda as new Reserve Bank of Malawi Governor

President Lazarus Chakwera Chakwera, sworn in in June as new Head of State, has appointed Dr Wilson T. Banda as the new Reserve Bank of Malawi (RBM) Governor.

Dr Wilson Banda: New RBM governor

Banda, who was Senior Advisor to the Executive Director for Africa Group at the World Bank, where he started, as an Advisor, in 2010, replaces Daliso Kabambe appointed in April 2017.

A statement from the Office of President and Cabinet released Wednesday announced the appointment.

Wilson Banda was General Manager of the central bank from 2003 to 2010.

He also served as the director of the Malawi Stock Exchange, a member of the Economics Association of Malawi, and a chairman for both the Malawi Knowledge Network (MAKNET) and Malawi Payments Systems.

The new Governor earned his PhD in Economics from the University of Manchester.

He also holds an MPA from Harvard University and an M.Phil in Monetary Economics from the University of Glasgow.

While the outgoing governor Kabambe  worked as an economist for the Malawi Government for 19 years beginning as an economist and principal economist in the Ministry of Agriculture where he served for seven years, and then as chief economist and deputy director of economic planning in the Ministry of Economic Planning and Development for four years and thereafter as budget director in the Ministry of Finance, Economic Planning and Development for another four years.

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Joni
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Joni

WHAT A MAN…..he is actually OVERQUALIFIED……….kupha udzudzu ndi bazuka kkkkkkkk Munthu anali Advisor wa Economy ya Dziko la Pansi going to manage one of the smallest economies in the world…………

SHOW US THAT YOU CAN ADVISE AND ASSIST THE PRESIDENT IN BOTH MICRO & MACRO ECONOMICS MGT….

Muna
Guest
Muna

We are very proud …many congratulations ..may you make great changes, as you are a great person … prayers and love Leeds 🙂 xx

Kholaniwa
Guest
Kholaniwa

This young boy has gone and a fool indeed. He must go to his uncle at Chikoko-Bay and say good-bye he has stolen too much with Namathanga and Kabango. Sacking of this boy has been overdue.He can now have several visits to Blantyre and leave our Lilongwe without any problem. Onse nyumba imozi kunyenga, akaziwo zisilu eti.

Isaac Mbewe
Guest
Isaac Mbewe

Congratulations, you deserve this, its long overdue if it were not for DPP nepotism

Peloma Pepe
Guest
Peloma Pepe

Excellent appointment! Osati za cabinet zi

bararabarara
Guest
bararabarara

Congratulations Dr Wilson Banda on your appointment. Chakwera loves retires. Your work is cut out for you. The Kwacha is overvalued. IMF and World Bank are not happy with the overvalued Kwacha. Devalue it now. You also need to rethink interest rates. IMF is unhappy with the prevailing rates. They are too low. Please raise interest rates

WTF
Guest
WTF

WB and IMF don’t run this country. Useless comment.

Mbalanguzi
Guest
Mbalanguzi

Well said WTF. Awa abusa zikuwakanika wa kodi ndimayesa anali a president a mpingo wa Assemblies dziko lonse la Malawi? Nanga upresident uli ndi ubwino pa u president wa dziko wu ndi m’mene zililimu? Awa ndiye atisocheretsa mu chipululu muno palibenso kukafika ku Canan

Tizowele
Guest
Tizowele

Government of the old people, by the old people and for the old people. Felix mlusu, Robin Lowe, Titus mvalo, Nancy tembo, sidik Mia and life chief justice Nyirenda are now happy and in charge of 2063 agenda when they won’t be there. This is equal to or worse than apm cronyism

Sarah sarah
Guest
Sarah sarah

If they give us or topple Muthalika 5% economic growth, then we can say equal to. But currently we say worst until proven otherwise.
Boma alanda angongole kuno

GETU
Guest
GETU

KAZILIRANI MA CADET KUZOLOWERA KUBERA ELECTIONS. WAIT FOR ANOTHER 5 YEARS BASI

wilma kaju
Guest

full of old marcus garvey s

Malawi belong to the citizens
Guest

When you change government, new people comes in, it is the performance of these people that can make malawi great.These people will work so hard that what is in manifesto comes true.Three months will show if we are in the right direction.All the best.Make malawi great.

SEASON_BOY
Guest
SEASON_BOY

Well said…

Gertude
Guest
Gertude

Why is this government obsessed with retired people? This guy was happily enjoying his time in NkhataBay

Tea Grower Thyolo
Guest
Tea Grower Thyolo

It’s part of the grand plan

wilma kaju
Guest

i dont think so

Mabvuto
Guest
Mabvuto

Chitsilu Getu who told you that he was in Nkhata bay, We need very experience d people well principled , not thieves

GETU
Guest
GETU

YES

wilma kaju
Guest

the guy was at usisya in nkhata bay ta mbwana

wilma kaju
Guest

i wonder why ?

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