Ken Kandodo
Encyclopedia
Ken Kandodo is a Financial Manager, MP and politician who was appointed Malawi
's Minister of Finance on June 15, 2009.. As of September 8th 2011, he is no longer finance Minister in Malawi due to the reshuffle in the Cabinet of Malawi
.
Kandodo is a grand nephew of former president Hastings Banda
.
He is a Chewa from the midlands of Malawi.
He attended the University of Malawi
, graduating in 1983 with a BSc in Social Science, majoring in economics.
He attended the University of Strathclyde
in Scotland
, where he obtained an MBA degree in Finance.
for ten years in the United Kingdom
, Malawi and Mozambique
.
He was appointed a lead Consultant for UNICEF, holding this position for six years.
He was UNICEF's Lead Consultant in a project in Mozambique to develop financial systems for managing the HIV/AIDS Common Fund.
Before being elected to parliament, Kandodo was Chairperson of the Lilongwe Water Board and the National Food Reserve Agency.
. In 2006 he joined the Democratic Progressive Party
.
Kandodu was elected Member of Parliament for Kasungu Central in May 2009.
He was appointed Minister of Finance on June 15, 2009, replacing Goodall Gondwe.
in Malawi in 2011 under the Bingu wa Mutharika
administration. This was an unpopular bill during a time of economic crisis in Malawi that lead to unprecedented levels of fuel shortage, forex exchange and general economic mismangement. This led to the nation wide economic based July, 20th 2011 Malawi protests. Kandodo was replaced after 2 months after the protests by Ken Lipenga
as part of the Cabinet reshuffle that occurred on September 8th 2011.
.
Malawi
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...
's Minister of Finance on June 15, 2009.. As of September 8th 2011, he is no longer finance Minister in Malawi due to the reshuffle in the Cabinet of Malawi
Cabinet of Malawi
The Cabinet of Malawi is the executive branch of the government, made up of the President, Vice-President and Ministers and Deputy Ministers responsible for the different departments.The current ruling party is the Democratic Progressive Party...
.
Kandodo is a grand nephew of former president Hastings Banda
Hastings Banda
Hastings Kamuzu Banda was the leader of Malawi and its predecessor state, Nyasaland, from 1961 to 1994. After receiving much of his education overseas, Banda returned to his home country to speak against colonialism and advocate for independence...
.
He is a Chewa from the midlands of Malawi.
He attended the University of Malawi
University of Malawi
The University of Malawi is an educational institution established in 1964 and composed of five constituent colleges located in Zomba, Blantyre, and Lilongwe. Of the five colleges, the largest is Chancellor College in Zomba. The name of the school is abbreviated to UNIMA. It is part of the...
, graduating in 1983 with a BSc in Social Science, majoring in economics.
He attended the University of Strathclyde
University of Strathclyde
The University of Strathclyde , Glasgow, Scotland, is Glasgow's second university by age, founded in 1796, and receiving its Royal Charter in 1964 as the UK's first technological university...
in Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
, where he obtained an MBA degree in Finance.
Accounting and Finance Career
He worked as an Auditor with KPMGKPMG
KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....
for ten years in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, Malawi and Mozambique
Mozambique
Mozambique, officially the Republic of Mozambique , is a country in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west and Swaziland and South Africa to the southwest...
.
He was appointed a lead Consultant for UNICEF, holding this position for six years.
He was UNICEF's Lead Consultant in a project in Mozambique to develop financial systems for managing the HIV/AIDS Common Fund.
Before being elected to parliament, Kandodo was Chairperson of the Lilongwe Water Board and the National Food Reserve Agency.
Political Career
Kandodo became a senior member of the Malawi Congress PartyMalawi Congress Party
The Malawi Congress Party is a political party in Malawi.It was the successor to the Nyasaland African Congress , which was banned in 1959.The MCP was founded by Hastings Banda and other NAC leaders in 1960....
. In 2006 he joined the Democratic Progressive Party
Democratic Progressive Party (Malawi)
The Democratic Progressive Party is the ruling political party in Malawi. The party was formed in February 2005 by Malawian President Bingu wa Mutharika after a dispute with the United Democratic Front....
.
Kandodu was elected Member of Parliament for Kasungu Central in May 2009.
He was appointed Minister of Finance on June 15, 2009, replacing Goodall Gondwe.
Zero Deficit budget
Ken Kandodo introduced the unpopular Zero Deficit BudgetZero deficit budget
The Zero Deficit Budget is a financial strategy laid out by Minister of Finance Ken Kandodo of Malawi under the Bingu wa Mutharika administration that is based on zero-based budgeting. This is a new approach to economic financial budgeting for a a 'Least Developed Country' where the government...
in Malawi in 2011 under the Bingu wa Mutharika
Bingu wa Mutharika
Bingu wa Mutharika is a Malawi economist who is President of Malawi. He took office on 24 May 2004 after winning a disputed presidential election...
administration. This was an unpopular bill during a time of economic crisis in Malawi that lead to unprecedented levels of fuel shortage, forex exchange and general economic mismangement. This led to the nation wide economic based July, 20th 2011 Malawi protests. Kandodo was replaced after 2 months after the protests by Ken Lipenga
Ken Lipenga
Dr. Ken Lipenga was born on February 14th, 1952 at in Chiringa, Phalombe. He is a Malawian politician, journalist, and writer. He is the current Minister of Tourism and Parliamentarian for Phalombe East.. He is the current Minister of Finance in Malawi....
as part of the Cabinet reshuffle that occurred on September 8th 2011.
Philanthropy
He is sponsor of the Ken Kandodo Trophy, which presents awards to soccer and netball teams in and around KasunguKasungu
Kasungu is a town in the Kasungu District of the Central Region of Malawi. The population of Kasungu is estimated to be 59,696 as of 2008.Kasungu is approximately north-west of the capital of Malawi, Lilongwe, and is east of Kasungu National Park...
.