Former Reserve Bank governor and Minister of Economy planning Professor Matthews Aurelius Padzuwa Chikaonda has died at a hospital in Los Angeles, United States of America, his sister Jacinta Chikaonda has confirmed
According to Jacinta Chikaonda, the body of the renowned economist is expected back in Malawi in a week time.
Chikaonda was until 2017, Group Chief Executive of Press Corporation Limited (PCL). He was also Executive Director on the Board of PCL and also held Chairmanships and other directorships in several Press Group Companies operating in various sectors of the Malawi economy.
Prior joining the Press Group, he served as Assistant Professor of Finance and Associate Professor of Finance at Memorial University of Newfoundland in Canada before serving as Deputy Governor of the Reserve Bank of Malawi from August 1994.
In January 1995, Dr Chikaonda was appointed Governor of the Reserve Bank of Malawi and served in this post until March 2000 when he was appointed to the Cabinet and served in the Government of Malawi as Minister of Finance and Economic Planning until January 2002.
He was also served as a Member of the Presidential Advisory Council under the terms of Malawi’s Presidents.He was also a member of the Leadership Council for the US-based Initiative for Global Development (IGD).
Chikaonda, who comes from Pendepende Village, Traditional Authority Kachindamoto in Dedza, was born on August 8 1954 and is survived by a wife and three children.