President\u00a0Lazarus Chakwera\u00a0has conceded\u00a0defeat hours before the final announcement of reults by the country’s electoral authority.\u00a0His concession follows preliminary results, which indicate that former president Peter Mutharika has secured over the necessary 50 percent threshold.<\/p>\n
In a statement, Chakwera acknowledged that his challenger had an\u00a0insurmountable lead: “For this reason, a moment ago, I called Professor Mutharika directly to congratulate him on his historic victory and to wish him well in his upcoming tenure as the seventh President of the Republic of Malawi.”<\/p>\n
Last week’s elections triggered one of the\u00a0biggest political shake-ups\u00a0in the country’s history, with more than 110 of the 193 Members of Parliament losing their seats – among them 14 Cabinet ministers.<\/p>\n
Given the deteriorating economy, which has been marked by high inflation and fuel shortages, some analysts have said Chakwera’s defeat was not unexpected.<\/p>\n","protected":false},"excerpt":{"rendered":"
President\u00a0Lazarus Chakwera\u00a0has conceded\u00a0defeat hours before the final announcement of reults by the country’s electoral 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