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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.
Mr. Patrice Nkhono，SC
DIRECTORPatrice Nkhono, SC is an accomplished legal practitioner of more than 30 years’ experience at the Malawi Bar, and serving as Senior Partner at the Blantyre-based law firm of Mbendera and Nkhono Associates. He brings a wealth of experience and expertise to the board. Holding an LLB (Hons) in Law from the University of Malawi, Chancellor College, and an LLM in International Development Law from the University of Warwick, UK, senior counsel Nkhono’s academic background sets a strong foundation for his professional career.
Patrice Nkhono’s expertise spans a wide range of legal specialties, including capital markets, international development, labour law, commercial and corporate law, environmental law, commercial arbitration, mergers and acquisitions, intellectual property, corporate finance and corporate governance. Further, Patrice has received training in risk management, performance management, financial strategy and interpretation of financial statements. His extensive legal and business knowledge base makes him an invaluable member of the board, providing unique perspectives in a range of legal and business fields and contributing to well-informed decision-making processes.
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).
Ms. Naomi Nyirenda
DIRECTORNaomi Watimara Nyirenda, an accomplished leader in human resources, holds an Executive MBA from the University of Malawi, The Polytechnic, complemented by a Bachelor of Arts in Human Resources from Chancellor College and a Diploma in Human Resources Management from the Institute of Commerce and Administration, South Africa.
With over two decades of expertise, Naomi currently serves as the Human Resources Director at Coca-Cola Beverages Malawi Limited, where she drives strategic leadership aligned with business plans, fostering performance culture transformation, employee engagement, talent management, leadership development, and organizational efficiency.
Prior to this, Naomi excelled as the Human Resources Director at Castel Malawi Limited from February 2015 to August 2022, contributing significantly to the company’s success. Her journey includes pivotal roles at Carlsberg Malawi Limited, Real Insurance Company of Malawi Limited (now Britam Insurance Company) and Old Mutual, where she played key roles in recruitment, career development, succession planning, and change management.
Dr. Betchani Tchereni
DirectorAssociate Professor Betchani Tchereni is an Economist with 17 years of work experience overly interested in Financial Economics, Resource Economics, Economic Planning, Development, Industrial and International Economics within the broader spectrum of Growth and Wealth creation. He is more interested in Green Economics as a researcher. Currently, he is Associate Professor of Economics after serving as the Acting Deputy Vice Chancellor for the MUBAS and Acting Vice Principal for Polytechnic. He also served as Dean of the Faculty of Commerce. He was the Director of Research and Associate Professor of Economics at the North-West University in South Africa after being the Senior Economist (Senior Researcher: Political Economy) at Mapungubwe Institute for Strategic Reflections (MISTRA) also in South Africa. He started off as a Business Promotion and Trade Officer within the Ministry of Trade and Industry in Malawi. His research interests are in Poverty Alleviation, Economics of Renewable Energy, Energy Policy, Energy Finance, Industrialization, Productivity, Trade, public sector governance and environmental and health economics. Betchani served as a member of the University of Malawi Senate, a Senate Representative on the University of Malawi’s Budget and Finance Committee and sits on the Customer Consumer Forum of the Malawi Energy Regulatory Authority (MERA). He is a public and motivational speaker, a Minister of the word of God at the Little Bethlehem Tabernacle in Blantyre, a community leader and author. He is the author of several manuscripts and has presented to many high-level conferences. He holds a PhD in Economics from the North-West University in South Africa, a Master of Arts (Economics) from the University of Malawi, an Advanced Certificate in Econometrics from the University of Pretoria, and a Bachelor of Social Science majoring in Economics from the 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.
