Goodall Edward Gondwe
Encyclopedia
Goodall Edward Gondwe is a Malawian economist. He is in the current cabinet of Malawi
as the Minister of Natural Resources. He is a former Minister of Finance and Minister of local Government for the nation of Malawi
. He is also a former IMF official and was also head of the former director of the Africa division for the International Monetary Fund
before returning to Malawi to work as a politician.
in the Northern Region
of Malawi. He lived and worked in Ivory Coast and in Virginia, US.
; Senior Vice President and Acting President of the African Development Bank
; Senior Advisor, Director for Africa and Special advisor to the Managing Director of the International Monetary Fund
; and Chief Economic Advisor to the former Head of State, Bakili Muluzi
.
.
. He has been credited for Malawis success during Mutharika's first term.. He served as Minister of Finance for the nation of Malawi during which time, his economic development policies, together with Bingu wa Mutharika
, helped drastically improve the economic situation in the country.
which was Malawi's first Uranium Mining company. Gondwe noted that the exploration of uranium would boost the country’s export base.. The revenue for the uranium is projected to exceed proceeds from tobacco, Malawis main foreign exchange earner. During this time, the Minister of Energy and Mining was Henry Chimunthu Banda
..The uranium project also promised to transform the under-developed Kayelekera which is in the underdeveloped northern region by turning it into a prosperous town. It was expected to create jobs for 800 people during the construction and 280 people during the operation. The project and Paladin Energy
however, has received some criticism for labor , health and environmental risks by the public.
, Mutharika reshuffled his cabinet and Gondwe's portfolio, moving him from Minister of Finance to a Minister of local government. He was replaced by Minister of Finance with Ken Kandodo
, nephew of former President Hastings Banda
who was later replaced after nation wide strikes against economic mismanagement and the unveiling of his Zero Deficit Budget
.
(DPP) by the party's National Governing Council. Shortly after this he was appointed as Minister of Natural Resources.
Cabinet of Malawi
The Cabinet of Malawi is the executive branch of the government, made up of the President, Vice-President and Ministers and Deputy Ministers responsible for the different departments.The current ruling party is the Democratic Progressive Party...
as the Minister of Natural Resources. He is a former Minister of Finance and Minister of local Government for the nation of Malawi
Malawi
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...
. He is also a former IMF official and was also head of the former director of the Africa division for the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
before returning to Malawi to work as a politician.
Personal life
He is from Kayiwonanga Village, MzimbaMzimba
Mzimba is a town in the Mzimba District of Malawi. The district comprises descendants of Tumbuka and Ngoni peoples.The district of Mzimba comprises a number of Traditional Authorities from the Ngoni people. The head of these Traditional Authorities, or Paramount Chief , is M'Mbelwa IV.-Demographics:...
in the Northern Region
Northern Region, Malawi
The Northern Region of Malawi, population 1,698,502, covers an area of 26,931 km². Its capital city is Mzuzu. The Northern Region borders Zambia to the west, Tanzania to the north, Lake Malawi to the east, and Malawi's Central Region to its south....
of Malawi. He lived and worked in Ivory Coast and in Virginia, US.
Career
Gondwe has held a number of appointments to national and international financial institutions, including: General Manager of the Reserve Bank of MalawiReserve Bank of Malawi
The Reserve Bank of Malawi is the central bank of Malawi.-See also:*Central banks and currencies of Africa*Economy of Malawi*List of central banks-External links:* at www.rbm.mw...
; Senior Vice President and Acting President of the African Development Bank
African Development Bank
The African Development Bank Group is a development bank established in 1964 with the intention of promoting economic and social development in Africa...
; Senior Advisor, Director for Africa and Special advisor to the Managing Director of the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
; and Chief Economic Advisor to the former Head of State, Bakili Muluzi
Bakili Muluzi
Elson Bakili Muluzi is a Malawian politician. He was the President of Malawi from 1994 to 2004 and was Chairman of the United Democratic Front until 2009.-Presidency:...
.
Political career
Gondwe began his political career serving as an economic adviser to Bingu wa MutharikaBingu wa Mutharika
Bingu wa Mutharika is a Malawi economist who is President of Malawi. He took office on 24 May 2004 after winning a disputed presidential election...
.
Finance Minister of Malawi
Gondwe was appointed to the position of Minister of Finance in June 2004 by President Bingu wa MutharikaBingu wa Mutharika
Bingu wa Mutharika is a Malawi economist who is President of Malawi. He took office on 24 May 2004 after winning a disputed presidential election...
. He has been credited for Malawis success during Mutharika's first term.. He served as Minister of Finance for the nation of Malawi during which time, his economic development policies, together with Bingu wa Mutharika
Bingu wa Mutharika
Bingu wa Mutharika is a Malawi economist who is President of Malawi. He took office on 24 May 2004 after winning a disputed presidential election...
, helped drastically improve the economic situation in the country.
Paladin Energy
Gondwe played a primary role in negotiating the contract and agreement with the Australian Uranium Mining company, Paladin EnergyPaladin Energy
Paladin Energy Ltd., formerly Paladin Resources Limited is Australia's second biggest sole uranium mining company behind Energy Resources of Australia, which is majority owned by mining giant Rio Tinto. It is headquartered in Perth, Australia....
which was Malawi's first Uranium Mining company. Gondwe noted that the exploration of uranium would boost the country’s export base.. The revenue for the uranium is projected to exceed proceeds from tobacco, Malawis main foreign exchange earner. During this time, the Minister of Energy and Mining was Henry Chimunthu Banda
Chimunthu Banda
Henry Chimunthu Banda is a Malawian politician from Chipembere Village, in Nkhotakota. He is the current speaker of house for the Malawi parliament and National Assembly of Malawi...
..The uranium project also promised to transform the under-developed Kayelekera which is in the underdeveloped northern region by turning it into a prosperous town. It was expected to create jobs for 800 people during the construction and 280 people during the operation. The project and Paladin Energy
Paladin Energy
Paladin Energy Ltd., formerly Paladin Resources Limited is Australia's second biggest sole uranium mining company behind Energy Resources of Australia, which is majority owned by mining giant Rio Tinto. It is headquartered in Perth, Australia....
however, has received some criticism for labor , health and environmental risks by the public.
Minister of Local Government
Following the 2009 general electionMalawian general election, 2009
A general election was held in Malawi on 19 May 2009. President Bingu wa Mutharika ran for re-election; his main opponent was John Tembo, the President of the Malawi Congress Party . Five other candidates also ran. The election was won by Mutharika, who was re-elected to the Presidency with around...
, Mutharika reshuffled his cabinet and Gondwe's portfolio, moving him from Minister of Finance to a Minister of local government. He was replaced by Minister of Finance with Ken Kandodo
Ken Kandodo
Ken Kandodo is a Financial Manager, MP and politician who was appointed Malawi's Minister of Finance on June 15, 2009.. As of September 8th 2011, he is no longer finance Minister in Malawi due to the reshuffle in the Cabinet of Malawi....
, nephew of former President Hastings Banda
Hastings Banda
Hastings Kamuzu Banda was the leader of Malawi and its predecessor state, Nyasaland, from 1961 to 1994. After receiving much of his education overseas, Banda returned to his home country to speak against colonialism and advocate for independence...
who was later replaced after nation wide strikes against economic mismanagement and the unveiling of his Zero Deficit Budget
Zero deficit budget
The Zero Deficit Budget is a financial strategy laid out by Minister of Finance Ken Kandodo of Malawi under the Bingu wa Mutharika administration that is based on zero-based budgeting. This is a new approach to economic financial budgeting for a a 'Least Developed Country' where the government...
.
DPP Vice-President
On August 1, 2011 he was appointed as Vice-President of the Democratic Progressive PartyDemocratic Progressive Party (Malawi)
The Democratic Progressive Party is the ruling political party in Malawi. The party was formed in February 2005 by Malawian President Bingu wa Mutharika after a dispute with the United Democratic Front....
(DPP) by the party's National Governing Council. Shortly after this he was appointed as Minister of Natural Resources.
Awards
- Africa’s "Finance Minister of the Year", African Banker Awards - 2008.