Home World News Malawi’s Chakwera concedes election defeat, pledges peaceful transfer of power

Malawi’s Chakwera concedes election defeat, pledges peaceful transfer of power

Malawi’s President Lazarus Chakwera conceded defeat Wednesday, acknowledging rival Peter Mutharika’s “insurmountable lead” in last week’s election and vowing a peaceful transfer of power after a vote dominated by the country’s deep economic woes.

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