info@maiic.mw
+265 (0) 111 776 172
Management team
Lloyd Banda
ACTING CHIEF EXECUTIVE OFFICERLloyd Banda currently serves as the Acting Chief Executive Officer of the Malawi Agricultural and Industrial Investment Corporation plc (MAIIC), a pivotal institution driving economic transformation through strategic investment in agriculture, and other key sectors of the economy. In addition to his responsibilities as Acting CEO, he concurrently holds the position of Chief Risk & Compliance Officer.
A seasoned Banking and Finance Professional, he brings to MAIIC a wealth of expertise accumulated over 20 years of progressive experience in the commercial banking and development finance sectors. His professional journey is distinguished by a strong focus on Credit Management, Risk Governance, and Strategic Financial Planning.
He holds an Executive Master of Business Administration (MBA) from the Eastern and Southern African Management Institute (ESAMI), a prestigious regional business school. He also earned a Bachelor of Science with Honours (BSc Hons.) in Financial Markets and Management from the University of Manchester in the United Kingdom. He is an Associate of the Chartered Institute of Bankers (ACIB), UK.
Throughout his career, Lloyd Banda has been at the forefront of initiatives aimed at strengthening institutional risk frameworks, enhancing financial inclusion, and facilitating sustainable economic growth. As Acting CEO of MAIIC, he continues to play a critical role in shaping the corporation’s investment strategy, fostering innovation, and supporting Malawi’s vision for inclusive and industrial-led development.
He serves as a Non-Executive Director on the Boards of MMC Laboratories Limited, a company involved in production of medicinal cannabis, and Good Hope Private Hospital.
Pius Mulekano
CHIEF PROJECTS DEVELOPMENT OFFICERPius Mulekano is a highly accomplished Investment and Finance Executive with over 15 years of experience in development finance, transaction advisory, and audit. He currently serves as the Chief Projects Development Officer at the Malawi Agricultural and Industrial Investment Corporation (MAIIC), where he leads executive-level investment strategies that drive organizational growth and deliver meaningful socio-economic impact. Prior to joining MAIIC, he built a strong professional foundation at Deloitte and EY Malawi, rising to the position of Senior Manager.
His expertise spans investment and deal structuring, where he originates high-impact transactions using a range of instruments including debt, equity, and partial credit guarantees. He has a proven track record in transaction advisory, particularly in capital raising, mergers and acquisitions (M&A), and financial due diligence on both the buy and sell sides. Pius also possesses advanced financial modeling capabilities, having developed complex models for business planning, valuations, M&A, budgeting, and scenario analysis, supported by global training at EY London and the Financial Modelling Institute. In addition, he brings strong strategic leadership, with experience in designing and executing market penetration strategies within the financial services sector, particularly in development finance.
At MAIIC, Pius oversees the growth of the institution’s investment portfolio through strategic capital mobilization and leverage, de-risking high-impact investments via early-stage funding coupled with clear exit strategies. He plays a key role in fostering syndication and partnerships, successfully collaborating with local and regional Development Finance Institutions (DFIs) as well as international partners. He also manages technical assistance grants that strengthen MAIIC’s project preparation capabilities. Driven by a commitment to inclusivity, his investment portfolio consistently maintains at least 30% participation from women- and youth-owned businesses.
Beyond his executive role, Pius serves as an Independent Director at Swift Capital Growth Partners Limited, contributing to governance and strategic oversight.
He holds an MBA in Finance and a Bachelor of Commerce in Accountancy, and is a Fellow of the Association of Chartered Certified Accountants (FCCA), a Chartered Development Finance Analyst (CDFA), and an Advanced Financial Modeler (AFM). He is an active member of the Institute of Chartered Accountants in Malawi (ICAM), the Malawi Accountants Board (MAB), the Association of Chartered Certified Accountants (ACCA), and the Chartered Institute of Development Finance (CIDEF).
Dr. Thomson Kumwenda
CHIEF FINANCIAL OFFICERDr. Kumwenda is a growth-oriented economist, finance specialist, and chartered accountant (CA) (Mw) with 17 years of practical experience in Development Banking, Commercial Banking, Retail Lending Solutions, Audit, Accounting, Teaching and Corporate Finance Transactions, ranging from mergers and acquisitions (M&As), initial public offerings (IPOs), the listing of bonds on the stock exchange, raising all types of debt instruments (both Tier 1 and II capital), the acquisition of selected balance sheet assets, and complex M&A due diligence.
Currently Dr. Kumwenda is working as a Chief Finance Officer for the Malawi Agricultural Industrial Investment Corporation (MAIIC), a Development Finance Institution (DFI), having also worked as a Chief Finance Officer for a Commercial Bank and various Retail Lending Institutions in Malawi at an executive level. He has also worked in external audit with KPMG and Peterholdsworth & Co.
Dr. Kumwenda also serves as a non-executive director on various boards in Malawi and sits on the Technical Committee of the Institute of Chartered Accountants in Malawi (ICAM).
He holds a Doctorate (Ph.D.) in Economics from the University of Malawi with focus on the Economics of Banking; he also holds a Masters Degree in Economics and a Bachelors Degree in Accountancy from the University of Malawi. He is a Chartered Certified Accountant with ACCA (UK) and a Chartered Accountant (CA) in Malawi.
Preston Matanda
Head of Legal Services and Company SecretaryPreston Matanda is the Head of Legal Services and Company Secretary at MAIIC. He is a skilled Legal Practitioner and a member of the Malawi Law Society, committed to maintaining high standards in legal and corporate governance.
He holds a Bachelor of Laws (Hons) from the University of Malawi, Chancellor College, and is currently pursuing a Master’s Degree in International Commercial Law from the University of Salford, Manchester, UK.
With over nine years of experience in private legal practice, Preston has worked as a Partner at Reginald Attorneys At Law and Whyte and Cross Lawyers. He also served as Senior Legal, Regulatory and Compliance Manager, and later as Director of Legal Services and Company Secretary at Power Market Limited.
Preston’s expertise covers Company Secretarial duties, Corporate Governance, Legal, Regulatory, and Compliance matters. He specializes in Civil and Criminal Litigation, particularly Commercial Litigation, and is proficient in Arbitration, Legal Drafting, Legal Review, and Conveyancing.
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.
