Friday Jumbe

Friday Anderson Jumbe (born 4 April 1955) is a Malawian economist and politician who served in the government of Malawi as Minister of Finance and Economic Planning under President Bakili Muluzi, representing the United Democratic Front.[1][2]

Early life and education

Jumbe studied economics and political science and obtained a bachelor's degree in 1977 from the University of Malawi, Chancellor college. He obtained a post graduate diploma in project planning and appraisal from University of Bradford in 1980. In 1985 he obtained a Masters of Science degree in Finance and banking for Development from Fianafrica in Milan, Italy. In 2013 he is pursuing his dissertation for a Doctoral degree in Finance from Exploits University, a private institution of higher learning in Malawi. His PhD research work is on the Malawi economy and its performance under aid packages from donors and multilateral institutions.


Jumbe worked as a projects analyst in Malawi Development Corporation in 1977. He was General manager of National Oil Industries for seven years, and Agricultural Marketing and Chief executive Officer Development Corporation for eight years.[3] He headed boards of the Illovo Sugar Corporation, the National Bank of Malawi, and Auction Holdings Ltd and Finance Corporation of Malawi. He also served on various boards of private companies between 1985 and 2002.

Jumbe was elected Member of Parliament for Chiradzulu Central Constituency. In 2002 he was appointed Minister of Finance and Economic Planning, and held the post until 2004.

In 2004, Jumbe was arrested in connection with his alleged mismanagement of Malawi's strategic reserve of maize.[4][5]

In 2009, Jumbe was interim leader of the Malawi Congress Party.[6]

In 2012, Jumbe became acting President of the United Democratic Front,[5] but subsequently alleged that Bakili Muluzi had not given him access to the party's finances, that he had therefore had to run the party with his own funds, and that this had been a ploy with the goal of preparing Muluzi's son Atupele Muluzi to take power.[7]

In 2013, he was the leader of the New Labor Party.[8][9] Also that year he faced bankruptcy proceedings related to a refusal to pay legal fees.[10]

In February 2014, Jumbe formally announced his intention to run for President of Malawi.[11]


  1. "Malawi's new economic pledges". BBC News, 12 December 2002.
  2. "Freedom Is Not Enough". Newsweek.
  3. MALAWI: Ex-minister arrested over sale of state grain, at IRIN, published 28 October 2004; retrieved 30 May 2014
  4. Z. Allan Ntata (28 November 2012). Trappings of Power: Political Leadership in Africa. AuthorHouse. pp. 56–. ISBN 978-1-4772-3842-4.
  5. Tom Lansford (7 April 2014). Political Handbook of the World 2014. SAGE Publications. pp. 884–. ISBN 978-1-4833-3327-4.
  6. Friday Jumbe Disgruntled: "I Have Been Used and Abused By Bakili Muluzi While Grooming His Son", at Malawi Voice; published 6 November 2012; retrieved 30 May 2014
  7. " Jumbe slamsMalawi High Level Corruption" Nyasa Times.
  8. "Former UDF leader forms new political party in Malawi". Newstime Africa.
  9. Friday Jumbe Runs Risk of Fresh Bankruptcy Charges, at the Nyasa Times; published 23 September 2013; retrieved 31 May 2014
  10. Jumbe paired with Kubwalo: Says Malawi needs New Labour Party expertise, by Thom Chiumia; at the Nyasa Times; published 13 February 2014; retrieved 28 March 2014
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