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Soaring inflation and fuel and food shortages led to deep discontent with the leadership of outgoing president Lazarus Chakwera. Mutharika also called on the international community to invest in Malawi, saying the country wanted partnerships, not handouts.
President Peter Mutharika offered new hope for Malawians and the country’s ailing economy. In his inaugural speech, he vowed to root out government corruption, rebuild the economy, and restore integrity and efficiency in public service.
Mutharika takes over as Malawi faces acute food shortages, cost-of-living pressures, and a lack of foreign exchange. Heavily reliant on agriculture, the country has also been hit by recent climate shocks, including a devastating cyclone in 2023 and a drought last year that destroyed crops.
Eighty-give-year-old Mutharika, who was president from 2014 to 2020, warned however that the transformation would not be easy. A supporter of his Democratic Progressive Party, Edina Mzungu, said that people were grateful for his promise to resolve the hunger situation.
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Soaring inflation and fuel and food shortages led to deep discontent with the leadership of outgoing president Lazarus Chakwera. Mutharika also called on the international community to invest in Malawi, saying the country wanted partnerships, not handouts. He added that a delegation will soon travel to Washington to negotiate the country’s prospects, especially after cuts in US foreign aid that have hurt Malawi.
