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Board of directors
Dr Rex Harawa
DIRECTORDr. 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.
Mr. Donbell Mandala
DIRECTORMr. 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.
Mrs. Etness Chanza
INDEPENDENT NON-EXECUTIVE DIRECTORMrs. Chanza is a Legal consultant and part-time lecturer at the University of Malawi and the Malawi Institute of Legal Education. Amongst other positions, she was Head of Legal, Compliance & Company Secretary for Standard Bank Plc from 2006 to 2019. Holds a Master of Science in Finance and Financial Law from the University of London and a Bachelor of Laws (Honours) from the University of Malawi. She is also an Associate of the Chartered Governance Institute.Her areas of expertise include Corporate Governance advisory services, Transactional Legal Advisory Services; Conveyancing; Drafting of Procurement and Construction Contracts, Operation and Maintenance Agreements, Off-take Agreements, Supply Agreements, Bilateral and Syndicated loan Agreements including Inter Creditor Agreements – Domestic and Cross-border (including working with London Market Association documentation); Concession Deeds, Bond/ Note Programmes, Commercial Paper; Risk Sharing Agreements, Shareholders Agreements and Company Formation documentation, Loan Security Documentation – including Security Agency Agreements, Collective Investments Schemes documentation, Trust Deeds, Franchise Agreements amongst others.
Mrs. Rachael Kawawa
INDEPENDENT NON-EXECUTIVE DIRECTORMrs. Kawawa has 28 years’ experience in Banking industry having started her Career with Standard Bank in 1992. She held the positions of Chief Risk Officer, Head of Credit and Acting Managing Director at Nedbank Malawi between 2008 to April 2020 when she retired. She holds an Executive MBA from ESAMI Business School, a Bachelor of Commerce (Business Administration) and a Diploma in Business Studies from the University of Malawi, the Polytechnic. Her areas of expertise include Risk and Compliance, Credit Management, and provision of company strategic direction.
Mr. Efford Goneka
INDEPENDENT NON-EXECUTIVE DIRECTORMr. Goneka worked as Chief Executive Officer of the Export Development Fund from 2013 to 2017. He held the positions of Director of Research and Statistics and Director of International Operations at the Reserve Bank of Malawi between 2004 to 2013 and was formerly the Central Bank’s Principal Economist. He holds a Master of Philosophy in Monetary Economics from University of Glasgow and a Bachelor of Social Science and Economics from the University of Malawi.
Gibson Ngalamila
DIRECTORMr Ngalamila joined Press Trust on 1st September 2003 and he has worked diligently in various capacities over the last 14 years. Mr. Ngalamila has served as director on the boards of a number of companies and organizations. Currently, he is a non-executive director representing the interests of Press Trust on the boards of Press Agriculture Limited (PAL) and Continental Holdings Limited (CHL). At CHL, he also serves as Chairman of Continental Asset Management Ltd. Mr Ngalamila is a non-executive director on the board of Press Corporation Plc. He has previously served as a Technical Committee Member (Director) of the joint UNDP/ Press Trust GSB Pro-Poor Revolving Fund. Mr Ngalamila is a chartered company secretary (ACIS) with the Institute of Chartered Secretaries and Administrators (ICSA)as well as a Fellow of the Association of Chartered Certified Accountants (FCCA). He has a Bachelor of Accountancy (B.Acc.) degree with a distinction from the University of Malawi. He is a duly registered chartered accountant (CA) with the Malawi Accountants Board and a member of the Institute of Chartered Accountants in Malawi (ICAM).
Dr. Macdonald Mwale
DIRECTORMacDonald Mwale is currently working as Secretary to the Treasury in the Ministry of Finance, Economic Planning and Development since July 2021. His major responsibilities include formulation of the fiscal policy, fiscal frameworks, economic policy formulation and analysis. Before assuming that position, he was Director for Economic Affairs in the same ministry from 2018 to 2021. He also worked as Director for Economic Policy Research in the Reserve Bank of Malawi (2015 – 2017) responsible for monetary policy formulation and analysis. MacDonald Mwale was Project Manager of a World Bank funded Financial Sector Technical Assistance Project (2011 – 2015) which was housed in the RBM and with its main focus on increasing access to finance. He holds a Master of Science (MSc) degree in Economics and Econometrics from Nottingham University in England (1997 – 1998) with special focus on time series and cross section econometrics. He is also a holder of a PhD in Economics from Aberdeen University in Scotland (1999 – 2001) with special focus on stochastic frontier models for measuring efficiency
Paul Kwengwele
DIRECTORPaul Kwengwere is the current Chief Executive Officer of Malawi Investment and Trade Centre (MITC), a government institution that is mandated to promote and facilitate trade and investment in Malawi. As a CEO for MITC Paul is responsible for identifying and developing strategies that promote Malawi as an ideal investment and trade destination in Africa. Paul is driving the government of Malawi’s agenda on improving the inflow of Foreign Direct Investment into the country and also identifying international markets for Malawian products. Before assuming his role at MITC, Paul has worked in various institutions including the Reserve Bank of Malawi, Malawi Common Service, Action Aid International, Investec Asset Management in London (UK) and World Education Inc. in Massachusetts (USA) holding different technical, managerial and leadership positions. He has vast experience in public finance, strategic management and leadership, and development economics. Paul also founded PMK Associates, a consulting firm, and has been involved in formulating and assisting implementing economic and financial strategies for the Government of Malawi, inter-agencies, non-profit and donor organisations including the UN Agencies, OXFAM, and FCDO. He once served as President of Economics Association of Malawi between 2003 and 2005. He holds a Masters in Public Administration from Harvard Kennedy School – Harvard University (USA) and is Yale University (USA) World Fellow. He also holds a Master of Arts in Economics and a Bachelor of Social Science from University of Malawi.
An enabler of development
MAIIC has a specific development focus. It is mandated to support commercially viable investments in the public and private sectors of the economy to consolidate and promote growth.
