Chuka

Mr. Charles Chuka

Chairman

Mr. Charles Chuka is the current chairman of MAIIC. He holds a Bachelor of Social Science in Economics and Sociology from the University of Malawi, and a Master of Philosophy in Monetary Economics from the University of Glasgow. He served as Governor and Chairman of the Reserve Bank of Malawi from April 2012 to April 2017. From 2010 to 2012, he was Chief Executive Officer of Malawi Telecommunications Limited. He also previously worked for the World Bank Group from 2003 to 2009, as Senior Advisor to the Executive Director at the World Bank headquarters in Washington, DC. Between 1979 to 1997, he worked for the Reserve Bank of Malawi in different roles in the Economic Services Division, where he rose to the level of General Manager.

Harawa

Dr Rex Harawa

Director

Dr. Harawa has over 14 years of professional experience as an Audit and Advisory Partner at KPMG Malawi and AMG Global. He has extensive advisory experience in the areas of Risk and Financial Advisory Services; Corporate Finance; Forensic Services; and Commercial Arbitration Services. He is the Managing Partner at AMG Global. Prior to this, he was the Audit and Advisory Partner for KPMG Malawi. He holds a PhD in Finance and Economics from the State University of New York; an MA in Finance and Economics obtained from London School of Economics and Political Science; and a Bachelor of Social Science in Economics from the University of Malawi.

Simwaka

Mr. Chauncy Simwaka

Director

Chauncy Matthews Kaulungu Simwaka is the Secretary to the Treasury (ST) in Malawi since July 2020. As ST, he is the principal financial adviser to the Government of Malawi and administrative head of the Ministry of Finance. He holds a Masters’ degree in Economics from the University of Wales, Swansea, United Kingdom, a Postgraduate Diploma in Development Economics from the University of Bradford, England, and a Bachelor of Social Science (Economics) from Chancellor College, University of Malawi. Prior to his appointment as ST, Mr Simwaka has also served as a Principal Secretary in the Ministry of Youth, Sports and Culture and Ministry of Defence. He has also held senior positions in the Ministry of Finance, Economic Planning and Development as Budget Director, as well as Monitoring and Evaluation Director. Among several notable professional achievements, Mr Simwaka is one of the experts who drafted the Southern African Development Community (SADC) Regional Indicative Strategic Development Plan; the SADC Strategy and Matrix for Assessment of Poverty; the Malawi Poverty Reduction Strategy Paper (2003) and the Malawi Growth and Development Strategy 1 and 2.

Donbell M

Mr. Donbell Mandala

Director

Mr. Mandala is a Chartered Insurer with more than 20 years’ experience in the insurance industry. He is the Chief Executive Officer for NICO General Insurance Company Limited, a position he assumed from 1st April 2017. Before that he was the Chief Operating Officer for the same company. He joined NICO General Insurance Company Ltd in February 2013 after working for Marsh Malawi Limited which is a reputable insurance broking firm in Malawi as its Managing Director. He holds a Bachelor of Accountancy Degree from the University of Malawi, Advanced Diploma in Insurance (ACII-UK) and a Masters’ Degree in Business Administration (MBA) Degree from ESAMI.

Msefula

Mr. Symon Msefula

Director

Mr. Symon Msefula is an accomplished banker and financial specialist having worked in development, investment, and commercial banking roles for over 22 years. He has worked for financial services companies in Malawi, United States of America, Zimbabwe, and South Africa. He holds a Bachelors’ Degree from the University of Malawi; a Master of Science in Finance from the Strathclyde University in Scotland; and is also a CFA Charter holder. He served as the Chief Executive Officer (CEO) of Malawi Stock Exchange from July 2002 to March 2015 where he retired from employment. He currently provides investment Management Advisory Services in Australia, New Zealand, Singapore, and the European Union.

Taz

Mr. Taz Chaponda

Managing Director

Mr. Taz Chaponda is the Managing Director for the Malawi Agricultural and Industrial Investment Corporation (MAIIC). Mr. Chaponda is a Development Economist with extensive experience across Sub-Saharan Africa, Eastern Europe, Central Asia and the Caribbean. He holds Economics Degrees from Harvard University and the University of Oxford and an MBA from INSEAD. Previously, Mr. Chaponda was a public Financial Management Specialist at the International Monetary Fund in Washington, D.C. and a partner at Genesis Analytics – a South African economic advisory firm. Prior to Genesis, Mr. Chaponda was the Head of the South African Budget Office. He was also Head of infrastructure finance within the government’s central PPP Unit, where he led negotiations on several flagship projects in the transport and power sectors. This expertise took him to Kenya, Rwanda and Nigeria where he worked on public-private partnerships. In Malawi, Mr. Chaponda was previously the World Bank’s country office Economist working on private sector development, public expenditure management and poverty reduction strategies.