LILONGWE-(MaraviPost)-The reinstatement of Henry Mathanga as Deputy Governor of the Reserve Bank of Malawi (RBM) has been welcomed by civil society groups as a corrective measure to years of political interference that eroded the central bank’s independence and contributed to economic instability.
The Black Economic Empowerment Movement and the Forum for National Development (FND) argue that Mathanga’s removal in 2020 was unlawful and exemplified how political transitions have been used to purge professional leadership from constitutionally protected institutions.
Mathanga, a career central banker with over 36 years of service, was targeted on perceived political grounds rather than misconduct, violating safeguards in the RBM Act designed to preserve continuity and institutional memory.
The groups also expressed concern over the abuse of criminal justice processes, noting that five years after charges were brought against Mathanga, the State has failed to secure a single conviction, effectively sidelining him without due process.
“This practice undermines public confidence in both the justice system and state institutions and turns arrests into administrative weapons during political transitions,” said Chodzi.
Mathanga’s reinstatement is seen as a turning point away from politicizing public service, with the CSOs warning that sidelining experienced professionals for partisan reasons ultimately harms the economy and the credibility of key national institutions.
The move is expected to restore stability and professionalism to the RBM, crucial for Malawi’s economic growth and development.
The appointment has sparked mixed reactions, with some critics questioning the timing and motivations behind Mathanga’s reinstatement, given the ongoing economic challenges facing Malawi.
However, supporters argue that Mathanga’s experience and expertise make him an ideal candidate to steer the RBM towards greater stability and effectiveness.
