Malawi: Peter Mutharika sworn in as president
Sunday, June 01, 2014
The leader of the Democratic Progressive Party urged the 11 other presidential candidates to "join me in rebuilding the country".
Outgoing President Joyce Banda had alleged ballot fraud but has now admitted defeat.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...