Tag Archives: New Malawi Finance Minister Felix Mlusu

Malawi’s consumers body lambastes 2020/2021 National Budget; It’s too ambitious, empty

New Malawi Finance Minister Felix Mlusu

BLANTYRE-(MaraviPost)-The Consumer Association of Malawi (CAMA) has expressed dissatisfaction with the National Budget presented by the Minister of Finance Felix Lafiel Mlusu on Friday 11 September, 2020.

This was disclosed in a statement issued on Saturday September 12 signed by John Kapito, CAMA executive director.

In the statement, CAMA said the current budget statement has neglected the promises made by the new Administration during campaign period such as the Universal Fertilizer Subsidy, which has been given a complete name, free connection of electricity and water, reduced prices of passport and driving licenses, creation of a million jobs and removal of taxes on some basic goods and services.

CAMA also said the current budget statement is unable to articulate key issues that Government need to pursue in order to rescue the dying economy and is unpropitious to Consumers instead it is crowded with assumptions that are unrealistic.

According to CAMA, the introduction of a new tax on some products such as cooking oil and taxes on winning bets which has been the source of income to many unemployed Malawians reveal how selective the budget is aiming at benefit few Malawians which defeats the whole purpose of a Nation Commitment Statement.

The consumer body has therefore urged the current Administration to make deliberations in the budget presented in order to instill confidence amongst the people of Malawi by responding to their needs through the national budget.

Meet New Malawi Finance Minister Felix Mlusu

New Malawi Finance Minister Felix Mlusu

LILONGWE-(MaraviPost)-The newly elected Malawi President Lazarus Chakwera on Monday, June 29, 2020 announced a maiden cabinet including new Finance Minister Felix Mlusu.

Maravi Post sourced Mlusu’ credentials for this important ministry as it the hub of government fiscal machinery.

Who is Felix Mlusu?

He is a Malawian financial executive. He is a former Managing Director and Chief Executive Officer of NICO Holdings Limited, a Malawian Multinational Holding Company.

Born on 23 March 1951 in Lilongwe, Nyasaland (now Malawi). He went to Likuni Boys Secondary School and was selected to go on to the University of Malawi.

He is a Chartered Insurer (UK), a Member of Society of Fellows of the Chartered Insurance Institute of London and a Member of the Institute of Directors in Southern Africa.

Mlusu has also attended management and technical training at various institutions including The Malawi Polytechnic, Witts Business School (Johannesburg, South Africa), Guardian Royal Exchange (London, UK), Munich Reinsurance Company (Munich, Germany), General Insurance Organisation (Sydney, Australia), College Of Insurance (Bombay, India) and Harvard Business School (Boston, USA).

Mlusu has served in the following organizations in various capacities:

Chairman of the Insurance Association of Malawi

Chairman of the Insurance institute of Malawi

Chairman of PTA (COMESA) Yellow Card Scheme Council of Bureaux

Executive Committee Member of the African Insurance Organization

Chairman of Public-Private Dialogue Forum.

As compiled by Kelvin Sulugwe Akometsi. Sources: Wikipedia, Nico, Nation Publications and Times Media Group.