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Malawi president Appoints New RBM Governor

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Exist Chuka, Enter Kabambe as APM appoints new RBM Governor.

The President of the Republic of Malawi Author Peter Mutharika (APM) has appointed Reverse Bank of Malawi’s (RBM) new governor in name of Dr Dalitso Kabambe replacing Charles Chuka following the latter’s expiry of term.

The appointment is in accordance with powers vested in the Malawi leader in section 6 of the Reserve Bank of Malawi (Amendment) Act of 2010.

Statement from the office of the Chief Secretary to the Government Lloyd Muhara dated 21st April 2017 indicates that the appointment is with immediate effect.

Kabambe is an accomplished economist who once held position of Budget Director in Ministry of Finance. He also served as the Principal Secretary in the Ministry of Foreign Affairs and International Cooperation.

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