Mlusu commits to work with former finance ministers

Newly appointed Finance Minister Felix Mlusu has disclosed that he will accommodate advices from former Treasury chiefs in a bid to improve the welfare of Malawians.

Felix Mlusu, 69 becomes Finance Minister

Mlusu, a former insurance company director, was named Malawi’s new finance minister on Monday, a day after President Lazarus Chakwera was sworn in following last week’s re-run election in which he unseated Peter Mutharika.

“I am going to work with everyone both from government and my predecessors,” said Mlusu.

Mlusu, 69, was managing director of Nico Holdings Plc – a listed financial firm with interests in insurance, banking and property management across Malawi, Tanzania, Uganda, Zambia and Mozambique – from 1996 until his retirement in 2015.

Speaking after his swearing in ceremony alongside Homeland and Security Minister Richard Chimwendo Banda on Monday, Mlusu said he feel humbled with his appointment and obviously the trust and confidence in him from President Chakwera.

He said it is a thing he never expected.

Mlusu therefore promised to serve the nation in his capacity as finance minister to the best of his abilities.

“Malawians should expect that I will continue to serve them. I already served Malawians while serving in the private sector,” said Mlusu, a former Chief Executive Officer for NICO Holdings Limited.

The country’s purse keeper who revealed he is not a politician said as a new government, they intend to come up with a three months budget before working on a year long budget.

“We are going to have an interim budget  [ for three months] as we work on the budget for the whole year,” he said.

He emphasized on the need to scrutinise the current budget which was presented by the out-going Democratic Progressive Party (DPP) led by Peter Mutharika since the Manifesto’s of the two sides were different.

The repeat vote was seen by analysts as a test of the ability of African courts to tackle ballot fraud and restrain presidential power.

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Sarah sarah
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Sarah sarah

Because regardless of what is perceived, if there is one thing DPP did well is the economy. The macroeconomics stability is the proof in the pudding.

Nandolo
Guest
Nandolo

The DPP did well with the economy?! Are you still living in the past in Bingu’s first term?

The economy is abysmal and almost certain in a recession. DPP has been a disaster since Bingu’s 2nd term. Only a handful of people have increased their net wealth through unprecedented corruption that even makes Bakili Muluzi blush with envy.

Sarah sarah
Guest
Sarah sarah

Don’t confuse country’s economy with corruption. Check every economic measure and forecast for Malawi, from AfDB, World Bank, IMF, UNECA, then come back and urgue. How can a country be in recession when it’s growth is at 4.5%. And per capita also increased after crashing during cashgate, saying only a handful benefited is just bias misinformation

Edith
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Edith

Mwawa chewa pala mwatiluwa ise wanthu wa ku mpoto muzamuona

Asterisk
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Asterisk

A chewa mwagwila m’phika nanu muyambe kuba ndi kutimana zitukuko.

mchisala
Guest
mchisala

Free advice, please grow the economy before giving any consideration to the various hand-outs programmes governments in the post-single party era have been hooked-on because these programmes have no accountability and no lasting economic value to beneficiaries!!! And do not introduce the much-touted universal farm-input subsidy programme without first putting in place fool-proof checks against unscrupulous dealings by international traders!!!!!

Sarah sarah
Guest
Sarah sarah

The economy is already growing, is a matter of maintaining, sustaining and improving on those policies that were working.

Wikleaks
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Wikleaks

all people say similar words and it appears people are praising whatever decision that Chakwera is doing. He is chewalising all the senior positions in government.

Kwaito
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Kwaito

yes We have had enough Lhomwes in all departments and its now time to mix by adding more Chewas and more tumbukas/Ngonis. This is a fact. Should we continue adding Lomwes to already highly manifested Lomwes in Every department of the govt. nanunso a lomwe andi ayawo muwonerereko

ERUTU
Guest
ERUTU

Mlusu let’s do the MAGUFULI STYLE 🇲🇼🇹🇿

Malawi citizen
Guest

Maturity. Si mbava yachoka ija. Kuba kuba kubera anthu osauka

Sarah sarah
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Sarah sarah

DPP wouldn’t want to get advice from the admin the bought us cashgate and donor aid freeze. DPP made a right choice then and they regain donor aid back, economy growing up to 5%, stable macroeconomics indicators. Now that’s where to get advice from

Mathanga
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Mathanga

Ulila mokweza siwunati.
Just watch the professions dismantle the DPP to oblivion never to be heard of again.

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