Malawi President Fires Trade Minister After Protest Over Prices
(Bloomberg) -- Malawian President Lazarus Chakwera fired his trade minister, a day after protests erupted in the capital over a cost-of-living crisis in the poverty-stricken southern African nation.
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Vitumbiko Mumba, who was appointed labor minister last month, will replace Sosten Gwengwe in the trade portfolio, Chakwera said in a statement in parliament in the capital, Lilongwe, on Wednesday.
Consumer inflation in Malawi has exceeded 20% since July 2022, partly fueled by a drought that has increased the cost of corn — a staple food in the country of 21 million people. Presidential elections are scheduled to be held in September.
Chakwera also blamed the 'cruel raising of commodity prices by greedy and lawless traders' for a jump in the cost of other basic goods including sugar, salt and cooking oil. He blamed the opposition for colluding with some traders to 'make Malawians suffer' ahead of the vote.
Gwenge, a former finance minister, was the target of protesters' anger on Tuesday when he tried to address hundreds of demonstrators who marched on parliament. He was prevented from speaking further when members of the crowd began throwing stones at him.
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