Malawi's President Lazarus Chakwera conceded defeat in the recent presidential election, acknowledging the insurmountable lead of his main rival, former President Peter Mutharika, just hours before the election authority was due to announce the final results of the September 16 election. Chakwera's concession comes amidst public frustration over rising inflation, critical shortages of fuel and sugar, and a devastating cyclone that has worsened economic hardships. Mutharika, who was praised for his previous efforts to improve infrastructure and lower inflation, is now set to lead the nation once again after his 2019 victory was nullified due to irregularities. Watch this video to know more.
