Mr. Timothy Mdolo is the Acting Director of Finance and Investments appointed by Council for University of Malawi with effect from 1st September, 2022.
As a member of the management team of the University of Malawi, Mr. Mdolo is responsible for developing and delivering the institution’s financial and investment strategy and objectives. Mr. Mdolo holds ACCA Part II (UK) and a Bachelor of Accountancy from University of Malawi. He provides commercial direction and oversight, driving financial and operating performance, and delivering value for the University and the community it serves. In consultation with the rest of the management team, Mr. Mdolo ensures that the University’s financial strategy as agreed by Council is implemented.
The Directorate of Finance and Investments is a key part of University of Malawi’s corporate services, responsible for providing financial services in an accurate and timely manner. These services include all financial operations at the University. Specifically, the Directorate has personnel that are responsible for helping to determine the financial strategy for running the University. This is the office that is also responsible for monitoring the financial undertakings – including expenditure and revenue – of all sectors of the University, and periodically reporting the same to the office of the Vice-Chancellor.
The Directorate also oversees budgeting and budgetary control at the institution. This office also lends its expertise to staff and researchers in the areas of payroll and project management.
The Directorate has a staff complement of competent accountants, auditors, and other qualified individuals who are continually on the lookout for avenues for improving the management of University finances.
In its daily activities, the Directorate works in cooperation with the University administration, schools, departments and centres, and University staff in their individual capacities. The aim is to ensure that these stakeholders are well served while also ensuring that University of Malawi has enough financial muscle to achieve its objectives within the provisions made in its financial plans, and in keeping with the country’s legal framework.