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abujagirl
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Joyce Banda, Malawi's President, yesterday named Maxwell Mkwezalamba, a former World Bank economist as the new finance minister, five days after dissolving her cabinet amid a massive corruption scandal.
Prior to his appointment as finance minister, Mkwezalamba was a commissioner for economic affairs at the African Union in Addis Ababa. He replaces Ken Lipenga.
According to News24, political analyst Ernest Thindwa said the removal of Lipenga was "expected because he was at the center of fraud and cooked revenue figures" at the treasury.
Malawi is one of Africa's poorest nation and relies on foreign aid to bankroll around 40% of its national budget.
