Government has fired Malawi Investment and Trade Corporation (Mitc) chief executive officer Clement Kumbemba, Nyasa Times understands.
Kumbemba was told that he was being deployed to Ministry of Trade as Director, apparently a demotion.
“He is out of Mitc, he was told on Monday and his Blood Pressure shot upon receiving the news,” said a close ally of Kumbemba.
The Mitc job was one of the flashy and soft jobs which required Kumbemba globe trot.
Insiders at Capital Hill hinted that Kumbemba brought nothing to Mitc despite his numerous trips around the world scouting for investors.