Exclusive interview with President Joyce Banda on Cashgate


President Joyce Banda is campaigning ahead of next month’s elections to extend her term of office. But many believe that the massive public service corruption scandal here has weakened her chances of winning.

Malawi goes to the polls on May 20. However, after a February auditor’s report into the scandal revealed that over K13 billion were stolen over just six months in 2013, Africa’s second female president has faced calls to resign. She became president in April 2012 after the untimely death of her predecessor, President Bingu wa Mutharika.

But Banda is confident that she has done more than enough to address the corruption  — where about K50 billion was suspected to have been looted from the government since 2006 — and ensure her chances of retaining office.

She has taken on the powerful players involved in the corruption scandal and arrested 68 people, including a former cabinet minister, businessmen and senior public officers. “Cashgate”, as popularly christened, was first exposed last September after a failed assassination attempt on a government budget director, Paul Mphwiyo, who was believed to be on the verge of revealing the deep-rooted fraud.

Banda has since frozen over 30 bank accounts and 18 cases are currently in court. In this interview, Africa’s most influential woman discusses with IPS correspondent Mabvuto Banda her two years in power, the challenges, and what her hopes are for the future. Excerpts follow:

Q: President Banda, it’s been a tough two years of fighting to right a sputtering economy left by your predecessor, President Mutharika. How have you fared?

A: We inherited an economy that was in a crisis. Today, we have turned around the economy because we took decisive action to heal the country, recover the economy, and build a strong foundation for growth. It’s been two years since our people spent hours in fuel queues, it’s been two years since businesses struggled to access foreign exchange.

Q: How did you manage to do that?

A: We agreed to swallow the bitter pill and made unpopular decisions like the devaluation of the Kwacha, we have been implementing a tight monetary policy…our fiscal policy has been tight. These are some of the pills that have set the economy on a path of healing and represent the foundation of a transformational agenda that we will implement in the next five years.


Q: You rightly said that your first job was to bring back donor confidence and unlock aid which was withdrawn. You did that but now because of the “Cashgate” scandal, donors have suspended about K70 billion in budget support. Do you take responsibility for this?

A: Yes, I do because “Cashgate” happened on my watch and my job entails that I take responsibility and deal with it. This is why we have taken far-reaching measures in dealing with fraud and corruption and engaged foreign forensic auditors to get to the bottom of this corruption in the public service.

Q: Your critics think your administration is not doing much to get to the bottom of all this. Any comment?

A: Sixty-eight people, including a former member of my cabinet, have been arrested, more than 18 cases are already in court, 33 bank accounts have been frozen. This is the risk I have taken which very few African leaders do when they are facing an election.

I have vowed not to shield anyone, even if it means one of my relations is involved. Now tell me, is this not proof enough that we are taking this corruption very seriously?

Q: But many believe that you personally benefited from this “Cashgate” scandal. What do you say?

A: When you are fighting the powerful, an influential syndicate like this one, this is not surprising. Secondly, this is an election year and you will hear a lot of things but the truth shall come out.

The other thing you should know is that I am a woman in a role dominated by men and I am therefore not surprised that I am getting such amount of pushback…we shall overcome this, and those responsible for stealing state funds will be jailed and their properties confiscated.

: You face an election next month and the London-based Economist Intelligence Unit has projected that you will win the election despite the scandal. Do you believe that?

A: Yes I do believe that I will win this election. I also know though that it’s a close one but the advantage is that people have seen what we have done in two years.

We have repealed repressive laws, we have changed the status of women, the media is free, and we allowed everyone to demonstrate freely when just two years ago people were being killed for doing just that.

Q: Forbes Magazine named you as the continent’s most powerful woman. Do you feel that powerful?

A:  No, I don’t. I will feel that powerful when every woman in Malawi and Africa is free from hate and is empowered.

I will feel powerful when woman no longer have to lose their lives because they are abused, when they stop dying from avoidable pregnancy-related deaths. I will feel powerful when women in Africa take their rightful place as equals.


Asmaa Mubita is a Kenyan journalist of international repute with over fifteen years of experience in broadcast journalism. Asmaa Mubita began his journalism career at the Kenyan state broadcaster (KBC) and later worked at the KTN owned by the Standard Group and Citizen Television, the flagship brand of Royal Media Services. These exploits together with his reporting experience with the Voice of America, CNN and BBC have been rewarded with local and global recognition.