PAC confirm Wilson Banda as governor of Reserve Bank of Malawi

Public Appointments Committee (PAC) has approved appointment of Dr Wilson Banda as Governor of Reserve Bank of Malawi (RBM).

Dr Wilson Banda: New RBM governor

President Lazarus Chakwera appointed Banda as RBM Governor replacing Dr Dalitso Kabambe.

In a letter addressed to the Chief Secretary to government Zangazanga Chikhosi from the Clerk of Parliament which Nyasa Times has seen, Banda has met all conditions set for his appointment.

“I have the honor to convey the confirmation from the chairperson of Public Appointment Committee that after reviewing evidence brought before the committee , the committee is satisfied that the condition to the confirmation of Dr Wilson Banda as Governor of the Reserve Bank of Malawi has been met,” reads the letter in part.

Recently PAC also confirmed appointment of Dr George Kainja as Inspector General of Police pending full sitting of Parliament for final confirmation.

PAC Chairperson, Joyce Chitsulo said the confirmation have been indeed been made.

On central bank governor, Chitsulo said there were some issues which have also been dealt with and this include the fact that  Banda was operating some forex bureaus.

“We have dealt with that according to the laws,” she said.

Banda is not new at the central bank having served as general manager from 2003 to 2010.

He then served as a Senior Advisor to the Executive Director for Africa Group I at the World Bank, where he started, as an Advisor, in 2010 until his recent retirement.

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

Banda holds a PhD in Economics from the University of Manchester, in the United Kingdom, a Master of Public Administration from Harvard University in the US, a Master of Philosophy in Monetary Economics from the University of Glasgow in the United Kingdom.

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Gunner
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Gunner

Welcome back to your roots, Dr Banda. I remember you as a charming, young graduate straight from Chanco in the early 1980s, and working at the RBM when it was headquartered in BT. You were one of the chaps, together with the likes of Moza Zeleza, who started Silver Strikers FC. Silver were then just a social football club for RBM employees. Feels like a century ago.

Ndingophocholapo, do you still love football? Arsenal have just beaten Chelsea 2 -1 to lift the 2020 English FA Cup final 📢🏐

Zio ine
Guest
Zio ine

Why don’t let the grannie enjoy his retirement.. Now he will employ the whole village. I have noted Chakwera likes hiring these old people no wonder young people are able to play games under their watch.
At MRA officers are stealing big time because the grannie is sleeping.

Kwacha
Guest
Kwacha

I can’t stop smiling!, malawi is on a real trajectory for prosperity, Congratulations Mr Banda, I know you will deliver and make us proud!

Tonse
Guest
Tonse

Congratulation Ada Banda! well done PAC! The best man for the job, so proud of you, feels really good to be a Malawian

Mlomwe
Guest

Sukulu. Kumwa ink mwana wa amayi. Congrats

Lota
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Lota

How have you dealt with someone who was working at RBM and owning a forex bureau at the same time. NO CHANGE at all.

STICKY FINGERS
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STICKY FINGERS

The answer is a no-brainer, Lota. Wilson Banda is a financial expert. He retired as a banker and was using his immense knowledge to earn a living by operating forex bureaux. Nothing wrong in that. He didn’t want his knowledge to go to waste. If the powers-that-be have decided to bring him back on to help the country, why not? Commonsense tells me he has wound up his forex bureau business to avoid conflict of interest. Simple! Having worked at the World Bank, I’m certain that he has a network of high-level contacts that should come in handy when Malawi… Read more »

Malawi belong to the citizens
Guest

These educated malawians have failed to develop malawi with their education why?They know how to use their papers to steal government Money.We need people with wisdom from God to differentiate between good and bad things and lead malawians out of poverty.Wosamatiwopyeza ndimaphunziro awo.We count their actions.

Lozani
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Lozani

Thank you. You sound like a DPP Spokesperson. You have raised good points on their behalf. Now move on.

STICKY FINGERS
Guest
STICKY FINGERS

All the RBM Governors thus far have been well-qualified for the job except JZU and Chakakala Chaziya. These two gentlemen were just figure heads. In fact, JZU “stole ” Goodall Gondwe’s job. He convinced the Ngwazi not to appoint Goodall, who had been strongly recommended by donors, but to give the job to JZU himself.

Apm
Guest
Apm

Please dont talk about Goodall Gondwe anymore.
The man has lost his relevance and corruptly compromised

Lets talk about Ada Banda

Nachingoni
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Nachingoni

Join the discussion
JZU had an affair with a friend of mine called Towera. He used to fly her from LL to Mz during school holdays and gave her loads of money. She used to come to school in a Black Mercedes Benz. She was young enough to be his daughter! Her parents accepted that situation because of obvious reasons.

t..

Ndafera Nkhande
Guest
Ndafera Nkhande

MMMM ma conections Wilson is Laz”s classmate at Mtendere Sec and year mates at Chanco. They are all prayer worriers.

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