Deputy Governor Kisukyabo Simwaka and two directors have been reassigned to other government roles in a significant shake-up at the central bank.
The Reserve Bank of Malawi has announced a major management reshuffle, with Deputy Governor for Operations Kisukyabo Simwaka and two directors being moved to new positions with immediate effect. The changes were detailed in Administrative Notice Number 1127, issued on October 20, 2026, and signed by RBM Governor George Partridge.
Deputy Governor Simwaka will join the Ministry of Finance, Economic Planning and Decentralisation, where he will be assigned to the Department of Economic Planning and Development. Boston Maliketi Banda, formerly the bank’s Director of Public Relations, is set to become a lecturer at the Malawi College of Accountancy.
Esau Banda, the Director of Human Resources, has been seconded to the Ministry of Industrialisation, Business, Trade and Tourism. He will serve as a Special Advisor on Trade and Industrialisation in his new role. The reshuffle impacts three senior positions within the central bank.
Why it mattersInvestors are affected as senior leadership changes at the central bank could signal shifts in monetary policy or regulatory approaches.
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