APA-Lilongwe (Malawi) President Lazarus Chakwera has moved Malawi’s Finance Minister Sosten Gwengwe to the Ministry of Industry and Trade in a mini cabinet reshuffle that saw former industry minister Simplex Chithyola Banda taking charge of the finance portfolio.
In a statement on Saturday evening, Secretary to the President and Cabinet Colleen Zamba said Chakwera has decided to do a direct swop of portfolios for the two ministers.
“The appointments are with immediate effect,” Zamba said.
Gwengwe has been Malawi’s finance minister since January 2022 and is accused by some of presiding over the deterioration of the country’s economy amid rising food prices and fuel shortages.
JN/APA