Chakwera concedes defeat
Malawi’s President Lazarus Chakwera has conceded defeat in this month’s presidential election to his rival and former leader, Peter Mutharika amid ongoing economic struggles and fuel shortages.
In a televised address, the 70-year-old incumbent acknowledged Mutharika’s clear lead, stating, “It is only right that I concede defeat out of respect for your will as citizens and for the constitution.” Chakwera assured the public of a peaceful transfer of power as the Electoral Commission prepares to release official results later today.
The election, considered one of the most closely contested in recent Malawian history saw voters choose between the two leading parties’ candidates. While preliminary results indicate Mutharika, 85 has a strong lead, the final tally is awaited.
Malawi, one of Africa’s poorest nations continues to grapple with economic hardship. Inflation has soared to 33% and food prices particularly maize and fertiliser have risen sharply. Nearly three-quarters of Malawians live below the $3 daily poverty line with about half suffering from inadequate nutrition.
Chakwera, who took office in 2020 promised to tackle corruption but faced criticism for slow progress. His predecessor, Mutharika was credited with infrastructural improvements and reduced inflation during his 2014-2020 tenure though his administration was marred by allegations of cronyism and electoral irregularities including the 2019 annulment of his victory.
The nation now awaits the official results as Malawi navigates its economic and political challenges.
