Felix Mlusu

The Honourable
Felix Mlusu
The Honourable Felix Mlusu
Minister of Finance
	Incumbent
	Assumed office ; 29 June 2020
President	Lazarus Chakwera
Preceded by
Personal details
Born	Felix Lafiel Mlusu; 23 March 1951 (age 70); Lilongwe, Nyasaland
Nationality	Malawian
Political party	Malawi Congress Party
Spouse(s)	Sabbina Mlusu (m. 1978)
Children	4
Alma mater	Polytechnic College, University of Malawi (Diploma in Business Studies)
Profession	Chartered Insurer; Corporate Executive

Felix Mlusu (born 23 March 1951) is a Malawian financial services executive currently serving as Minister of Finance in the Government of the Republic of Malawi. He was Managing Director and Group Chief Executive Officer of NICO Public Limited Company from 1994 to 31st December 2016.

NICO Public Limited Company is a multinational financial services conglomerate involved in the business of general insurance, life insurance, pension administration, banking, mortgages, lease finance, asset management and information systems. The company operates in five countries: Malawi, Tanzania, Uganda, Zambia, and Mozambique.

Personal life[]

Mlusu was born on 23 March 1951 in Lilongwe, Nyasaland (now Malawi). Mlusu is married to Sabbina Mlusu, together they have four children and grandchildren.

The couple own a home in Blantyre and are members of St Michael and All Angels Church^{[disambiguation needed]} of the Church of Central Africa Presbyterian - Blantyre Synod.

Mlusu is an avid golfer who enjoys participating in local tournaments.

Education[]

Mlusu went to Likuni Boys Secondary School where he graduated and was selected to go on to the University of Malawi Polytechnic College in Blantyre where he obtained a Diploma in Business Studies in 1975.

Mlusu has also attended management and technical training at various institutions including the Malawi Polytechnic, Wits Business School (Johannesburg, South Africa), Guardian Royal Exchange (London, United Kingdom), Munich Reinsurance Company (Munich, Germany), General Insurance Organisation (Sydney, Australia), College Of Insurance (Bombay, India) and Harvard Business School (Boston, United States).

He is a Chartered Insurer (UK), a Member of Society of Fellows of the Chartered Insurance Institute of London and a Member of the Institute of Directors in Southern Africa.

NICO Holdings Plc[]

Mlusu joined National Insurance Company Limited (Malawi) in 1975 as a management trainee and rose through the ranks to the position of Chief Executive Officer in 1994, the first Malawian to lead the company, previous chief executives were expatriates. Mlusu then went on to become Managing Director and Group Chief Executive Officer of the restructured company NICO Holdings Limited a position which he held from 1996 until his retirement on 31 December 2016.

It was during Mlusu's tenure that NICO Holdings Limited (then the National Insurance Company Limited) became the first company to be listed on the Malawi Stock Exchange and also when the company was successfully restructured from a composite insurance company to a financial services conglomerate, NICO Holdings Public Limited Company. He led NICO Holdings to undertake the first successful foreign investment for a Malawian company making NICO Holdings a multinational holding company.

Mlusu has served on numerous boards in various sectors of the economy in the following capacities:

Managing Director of NICO Holdings Public Limited Company
Chairman of NBS Bank Public Limited Company
Chairman of Blantyre Hotels Public Limited Company- Hotel by Marriott
Chairman of British American Tobacco – Malawi
Chairman of Chibuku Products Limited – Malawi (SABMiller Subsidiary)

Mlusu has also been instrumental in various capacities in other institutions such as:

Member of the Malawi Stock Exchange Committee - Charged with setting up the Malawi Stock Exchange.
Executive committee member of the African Insurance Organization (Headquartered in Cameroon)
Chairman of the Insurance Association of Malawi
Chairman of the COMESA Yellow Card Scheme, Council of Bureaux (Headquartered in Zambia)
Chairman of IMPACT - a Private Sector Think-Tank advising the Government of Malawi

Mlusu has also served in several other capacities other than the above mentioned.

Minister of Finance[]

Felix Mlusu was appointed to the Cabinet as Minister of Finance of the Republic of Malawi by His Excellency Dr. Lazarus McCarthy Chakwera, President of the Republic of Malawi on 29th June 2020.

Mlusu was sworn into office at a ceremony held at the private residence of President Lazarus Chakwera on the same day.

Malawi was elected chair of the 27th of Southern Africa (ICSOE) on the 13th of October 2021, Honorable Mlusu will serve as Chairman for a one year term.

Recognition[]

Mlusu was conferred a Chewa Champions Award in Preserving Culture, National Service and Patriotism, Displaying Unquestionable Character and Promoting Peace by the Chewa Heritage Foundation.

Mlusu was named Customer Focused Executive of the Year 2015 and presented with an Award of Service Excellence by the Chartered Institution of Customer Management (Malawi).

Mlusu was recognized and honored by Mzuzu University (a Malawi Government University) by being awarded an Honorary Doctorate Degree in Business Leadership (Honors Causa) in March 2017.

Mlusu led and implemented a successful leadership succession plan for NICO Holdings Plc conglomerate between 2015 to 2016.