The Guy must go !

            We saw it coming. And the chickens have finally come home to roost. We were given some  preliminary warnings that the whole structure at Ministry of Finance and Economic Development (MOFED) was not just dysfunctional but nonfunctioning but we kept hoping that it will be able to reform itself to see better days.  But the recent piece of breaking news about the falsification of documents by junior officers of the Ministry appears to be the last straw that is revealing the cracks in the system- nothing but the result of a long culture of arrogance , Me-knows-everything  and poor management. 

The Central Bank hawkish on inflation

The corporate world, investors and exporters were expecting either a neutral policy stand or a mild calibrated action from the Central Bank in its efforts to rein in inflation. The Monetary Policy Committee (MPC) of the Central Bank has decided by a majority vote to raise the key repo rate by 50 basis points to 5.25 per cent per annum.