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Gondwe Community

Gondwes From Malawi: Goodall Edward Gondwe
Profile by Eric Gondwe

Mr. Goodall Gondwe was born on 1st December, 1936, in Kayiwonanga Village. The village is in the area of traditional authority Chief Mtwalo in Mzimba, a town in northern Malawi. He is a Fellow of the Institute of Bankers (FIB).  He also holds a B.Sc. in Economics  from the University of London.

Mr. Gondwe has served in the Government of Malawi since 2002. He began his political career serving as economic adviser to President Bakili Muluzi. He continued to serve in the subsequent government under President Bingu wa Mutharika.

He has also been an elected member of the Malawi parliament (legislative branch called Congress in USA), since 2005, serving Mzimba - North district.

In August 2011 he was appointed as the Minister of Natural Resources, Energy and Environment Affairs. He served until 26 April 2012 after the new political party under the new President, Mrs. Joyce Banda, reshuffled cabinet positions. He was also appointed as Party Vice-President of the Democratic Progressive Party (DPP) on August 1, 2011, by the President at the time, Dr. Bingu wa Mutharika and the party's National Governing Council.

Prior to this, Mr. Goodall Gondwe served as Local Government and Rural Development Minister. It was from June 2009 to August 2010. And prior to this position he served as Malawi’s Minister of Finance (2004 to June 2009), a post he is most noted for in his country’s service. All top Malawian government executive branch posts are appointed by the President of Malawi.

In 2008 Mr Gondwe was voted as Africa’s best Finance Minister of the Year at the African Banker Awards, held at the Willard Intercontinental Hotel in Washington DC, USA. The Nyasa Times of Malawi calls him the “Engine room for Malawi economic achievements.”

Under his stewardship the rate of inflation has fallen from 30% in 2005 to 6% by 2008. More importantly Malawi has seen it’s economy grow by approximately 6 percent. Malawi is a relatively small economy due to its low natural resources compared to its neighbours like Zambia, Tanzania and Zimbabwe. It is able to overcome its challenges through sound economic policies.

Mr Goodall Gondwe’s political service has not been all smooth. In November 2008 he was falsely implicated in a corruption scandal of taking bribes from Air Malawi/Comair of South Africa. It was later revealed that it was a mere plot to discredit his reputation (see article link among references below titled: “ Plot to discredit Gondwe uncovered”).

Previous to his Malawi parliamentary and ministerial service Mr Gondwe was the Director of Africa Department at the International Monetary Fund (IMF), in Washington DC, USA. He served in the IMF for 22 years. He was also the Vice President of the African Development Bank (ADB).

As IMF Director of Africa Department Mr Goodall Gondwe was responsible for conceiving and supervising the Fund's regular stabilization and structural adjustments in the region as well as for developing and implementing new programs to facilitate adjustment and long term growth in the poorest and highly indebted countries.

He personally advised and negotiated with the highest level political and economic leaders including heads of states, central bank governors, and key cabinet members. As a result, during his 22 years with the IMF, he has developed a unique and acute knowledge of African economies and has direct personal relations with the key country officials. And, he is intimately familiar with the policies and standards of the major multilateral institutions.

Career Profile Summary for Mr Goodall Gondwe




Aug 2011-Apr 2012

Min of Natural Resources, Energy

Energy Minister

Jun ‘09 -Aug 2010

Ministry of Local Government

Local Government Minister

2004 to June ‘09

Malawi Ministry of Finance

Minister of Finance

2004 to date (2012)

Parliament of Malawi

Member of Parliament, Mzimba - North

2002 to 2004

Office of the President & the Cabinet

Chief Economic Advisor to the President

c2000 to 2002

IMF - African Department

Director for Africa

1980 to c2000

IMF - African Department

Senior Advisor

1979 to 1980

African Development Bank (ADB)

Acting President

1976 to 1979

African Development Bank (ADB)

Vice President


Reserve Bank of Malawi

Deputy Governor & General Manager


Headquarters & The Treasury

Secretary of the Treasury


BSc in Economics - University of London



African Banker Awards Winners 2008, by  IC Publications Ltd, publishers of African Banker magazine (Also publishers the African Business magazine, the New African, and The Middle East magazines).

Goodall Gondwe profile at African Development Information (AfDevInfo), AfDev.org partner site

Nyasa Times, “Gondwe wins Best African Minister of the Year,”  22 October, 2008.

Nyasa Times, “Plot to discredit Gondwe uncovered,” 13 November, 2008.

Malawi Ministry of Finance (official website)

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