{"id":66769,"date":"2025-01-08T22:03:02","date_gmt":"2025-01-08T22:03:02","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor"},"modified":"2025-01-08T22:09:46","modified_gmt":"2025-01-08T22:09:46","slug":"ecama-bam-welcome-new-reserve-bank-of-malawi-governor","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor","title":{"rendered":"Ecama, Bam welcome new Reserve Bank of Malawi governor"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>The Economics Association of Malawi (Ecama) and the Bankers Association of Malawi (Bam) on Tuesday welcomed the appointment of MacDonald Mafuta Mwale as the new Governor of the Reserve Bank of Malawi (RBM).<\/p>\n<p>President Lazarus Chakwera appointed Mafuta Mwale as the Central Bank governor on Monday, replacing Wilson Banda, who has led the RBM since 2020.<\/p>\n<p>Chakwera also appointed Kisu Simwaka as the RBM Deputy Governor.<\/p>\n<p>In an interview on Tuesday, Ecama president Bertha Bangara-Chikadza said the professional body of economists congratulates Mafuta Mwale on his appointment as RBM Governor.<\/p>\n<p>\u201cAs an economist with a wealth of knowledge gained over the years, including his extensive time in the bank holding various positions, such as Secretary to the Treasury and, more recently, as the Deputy Governor of the Reserve Bank of Malawi, he is uniquely positioned to navigate complex policy decisions and foster continuity within the Central Bank.<\/p>\n<p>\u201cEcama believes that Mafuta Mwale will continue to steer the bank in the right direction, implementing policies that will lead Malawi to economic stability and growth,\u201d she said.<\/p>\n<p>On his part, Bam president Philip Madinga said the bankers\u2019 body is looking forward to working with the new RBM leadership.<\/p>\n<p>\u201cWe look forward to working with the new leadership of the Central Bank and exploring how we can collaborate beyond the mandate of price and financial stability but also how we can support socio-economic national development and economic growth,\u201d Madinga said.<\/p>\n<p>Mafuta Mwale holds a PhD in Economics from Aberdeen University, Scotland, a Master of Science degree in Economics and Econometrics from Nottingham University, England and a Bachelor\u2019s Degree in Social Science (Economics) from Chancellor College, University of Malawi.<\/p>\n<p>He is a seasoned economist with vast experience gained from RBM and the civil service.<\/p>\n<p>According to the RBM Act, the governor is responsible for the day-to-day management of the bank and is answerable to the board for his actions and decisions.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Malawi<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. The Economics Association of Malawi (Ecama) and the Bankers Association of Malawi (Bam) on Tuesday welcomed the appointment of MacDonald Mafuta Mwale as the new Governor of the Reserve Bank of Malawi (RBM). President Lazarus Chakwera appointed Mafuta Mwale as the Central Bank governor on Monday, replacing Wilson Banda, who has led [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":66768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234],"class_list":["post-66769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-malawi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ecama, Bam welcome new Reserve Bank of Malawi governor - Malawi<\/title>\n<meta name=\"description\" content=\"The Economics Association of Malawi (Ecama) and the Bankers Association of Malawi (Bam) on Tuesday welcomed the appointm ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecama, Bam welcome new Reserve Bank of Malawi governor\" \/>\n<meta property=\"og:description\" content=\"The Economics Association of Malawi (Ecama) and the Bankers Association of Malawi (Bam) on Tuesday welcomed the appointm ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-08T22:03:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-08T22:09:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2025\/01\/sm_1736361506.717288.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"798\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ecama, Bam welcome new Reserve Bank of Malawi governor\",\"datePublished\":\"2025-01-08T22:03:02+00:00\",\"dateModified\":\"2025-01-08T22:09:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2025\/01\/sm_1736361506.717288.jpg\",\"keywords\":[\"Malawi\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/ecama-bam-welcome-new-reserve-bank-of-malawi-governor\",\"name\":\"Ecama, Bam welcome new Reserve Bank of Malawi governor - 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