His Excellency the President of the Republic of Malawi, Dr. Lazarus McCarthy Chakwera has appointed an initial team of cabinet ministers in which Honourable Felix Mlusu is the Minister of Finance.
new finance minister is the immediate past managing director of local
conglomerate, Nico Holdings Plc, a financial services organisation
involved in the business of general insurance, life insurance, pensions
administration, banking, mortgage finance, lease finance, asset
management and information systems.
President Chakwera has made the appointments within 24 hours after taking oaths of office together with the Vice President Right Honourable Dr. Saulos Klaus Chilima.
The Malawi leader has exercised powers conferred upon him by Section 92 (1) as read with Section 94 (1) of the Constitution of the Republic of Malawi, which gives the President powers to constitute a cabinet by appointing ministers and their deputies.
Right Honourable Dr. Chilima has been appointed as Minister Responsible for Economic Planning and Development and Public Sector Reforms. Revered lawyer, Honourable Modecai Msiska SC is now Malawi’s Minister of Justice and Constitutional Affairs,
The new Minister of Homeland Security is Honourable Richard Chimwendo Banda, M.P while Dr Chikosa Silungwe has assumed the office of the Attorney General.
His Excellency, President Dr. Chakwera has also appointed Zangazanga Chikhosi as the Chief Secretary to Government, he will be deputised by Dr. Janet Banda SC.
The Chief of Staff of State Residences is Prince Kapondamgaga.
the many achievements under the previous leadership of Honourable
Mlusu, Nico Holdings Plc, extended its business tentacles to Zambia,
Tanzania, Uganda and Mozambique. At the same time, the group of
companies listed on the Malawi Stock Exchange, acquired interests in NBS
Bank, established more business in real estate and shopping malls
including the hospitality sector in Blantyre Hotels Limited which runs
the Ryalls Hotel.
BY HENRY MCHAZIME