MacDonald Mafuta Mwale

Macdonald Mafuta Mwale is a Malawian economist who served as the Governor of the Reserve Bank of Malawi between 2025 and 2026. He has held various positions in Malawi's financial sector, including serving as the Secretary to the Treasury and Deputy Governor of the Reserve Bank of Malawi.

Early life and education

Mwale was born in Malawi and pursued his higher education abroad. He holds a PhD in Economics from the University of Aberdeen, a Master of Science degree in Economics and Econometrics from the University of Nottingham, and a Bachelor of Social Science degree in Economics from the University of Malawi.

Career

Mwale began his professional career in the 1990s and has since held several key roles in Malawi's financial institutions. He served as the Director of Research and Statistics at the Reserve Bank of Malawi and later as the Secretary to the Treasury. In December 2024, he returned to the Reserve Bank of Malawi as Deputy Governor, and in January 2025, he was appointed Governor, succeeding Wilson Banda.