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Nd'ung'u rated the worst central banker in Africa in 2011
Mainat
#1 Posted : Tuesday, December 06, 2011 9:55:03 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
He scored 3.1 out of 10.
http://af.reuters.com/ar...s/idAFL5E7MT4HT20111205

Imho, for our economy to grow consistently there are 5 things we must perform at 8 out of 10
-Politics, ushamba politics always end lead to ushamba economy where you appoint fellow mother tongue speakers instead of very competent/proven citizens
-ICT
-Law (need good CJ/AG combo)
-Agriculture
-FinMin/CBK combo has to be strategic thinkers with great understanding of applied economics but independent
Sehemu ndio nyumba
QW25081985
#2 Posted : Tuesday, December 06, 2011 9:56:42 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
i think this new title shld come infront of the prof . title , lol
Sober
#3 Posted : Tuesday, December 06, 2011 10:06:52 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
But few investors have enjoyed the ride. One analyst
described Ndung'u as "asleep at the wheel" and another said he
had "missed the plot entirely".
more is yet to come... i preferred Jacinta Mwatela over this boy.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Sober
#4 Posted : Tuesday, December 06, 2011 10:10:21 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
there are worse records as compared to Professor's
http://www.newsfromafric...a/articles/art_1281.html
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
mkonomtupu
#5 Posted : Tuesday, December 06, 2011 10:27:14 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
a well-deserved award

IMHO for our economy to turn around we need to sort out the land issues ASAP, this economy has always done well when land was sorted out, GoK needs to streamline issues of access to land and land use planning(turning coffee farms into real estate really?), invest in state of the art land registries, consolidate small unviable holdings, end land speculation by bringing in the capital gains tax on land.

Agriculture- they need to sort food security in major cities, they should build a proper futures market with big warehouses like the ones in Amsterdam and do away with ushamba ones like wakulima market. You ensure stable prices for food in the cities and stable prices for producers. A lot of the cash spent on speculating on plots could be loaned to farmers who with guaranteed markets will pay with interest and a lot of idlers can go back to do farming.

Security- we need our police forces as well equipped(transport, communication gear) and professional as the KDF

Nairobi City council- it's unbelievable that a city with a population of 5m and generating half of Kenya GDP can only raise 7-10 billion in revenue. sort out the engine of growth and the rest of the car will move.
tony stark
#6 Posted : Tuesday, December 06, 2011 11:00:58 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
mkonomtupu wrote:
a well-deserved award

IMHO for our economy to turn around we need to sort out the land issues ASAP, this economy has always done well when land was sorted out, GoK needs to streamline issues of access to land and land use planning(turning coffee farms into real estate really?), invest in state of the art land registries, consolidate small unviable holdings, end land speculation by bringing in the capital gains tax on land.

Agriculture- they need to sort food security in major cities, they should build a proper futures market with big warehouses like the ones in Amsterdam and do away with ushamba ones like wakulima market. You ensure stable prices for food in the cities and stable prices for producers. A lot of the cash spent on speculating on plots could be loaned to farmers who with guaranteed markets will pay with interest and a lot of idlers can go back to do farming.

Security- we need our police forces as well equipped(transport, communication gear) and professional as the KDF

Nairobi City council- it's unbelievable that a city with a population of 5m and generating half of Kenya GDP can only raise 7-10 billion in revenue. sort out the engine of growth and the rest of the car will move.


Sorry how will sorting out the land issues improve the economy. Will it reduce inflation, increase exports, or stabilize the shilling. I believe you are blowing this out of proportion.

In ndungu defence all the things you have mentioned have nothing at all to do with him. I do not think the cbk ndungu is the same as the ndungu for ndungu land report so obviously h cant sort out land, ndungu probably doesnt seat at defence committees nor is he a councilor in the NCC. Therefore I think you can absolve ndungu.

Ndungu hands are tied and I agree his action might have been very slow but he probably did not have enough information to act.
accelriskconsult
#7 Posted : Tuesday, December 06, 2011 11:12:09 AM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
Mainat wrote:
He scored 3.1 out of 10.
http://af.reuters.com/ar...s/idAFL5E7MT4HT20111205

Imho, for our economy to grow consistently there are 5 things we must perform at 8 out of 10
-Politics, ushamba politics always end lead to ushamba economy where you appoint fellow mother tongue speakers instead of very competent/proven citizens
-ICT
-Law (need good CJ/AG combo)
-Agriculture
-FinMin/CBK combo has to be strategic thinkers with great understanding of applied economics but independent



Professionals should also take their work seriously. I dare say that the politicians wouldnt be messing this country as badly if professionals including engineers, lawyers, accountants and doctors took their work seriously. Behind every major scandal that we have witnessed is a professional who has sworn to abide by a code of ethics specific to his or her trade.
Obi 1 Kanobi
#8 Posted : Tuesday, December 06, 2011 11:17:44 AM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
The Kibaki Era which performed so well over the last 10 years seems to be bringing down the curtain and the house with it. I hope its not some ochestrated move to benefit a few.

That score against Ndungu has been well earned. the prof has ruined many livelyhoods with his incompetence.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
accelriskconsult
#9 Posted : Tuesday, December 06, 2011 11:18:32 AM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
tony stark wrote:
mkonomtupu wrote:
a well-deserved award

IMHO for our economy to turn around we need to sort out the land issues ASAP, this economy has always done well when land was sorted out, GoK needs to streamline issues of access to land and land use planning(turning coffee farms into real estate really?), invest in state of the art land registries, consolidate small unviable holdings, end land speculation by bringing in the capital gains tax on land.

Agriculture- they need to sort food security in major cities, they should build a proper futures market with big warehouses like the ones in Amsterdam and do away with ushamba ones like wakulima market. You ensure stable prices for food in the cities and stable prices for producers. A lot of the cash spent on speculating on plots could be loaned to farmers who with guaranteed markets will pay with interest and a lot of idlers can go back to do farming.

Security- we need our police forces as well equipped(transport, communication gear) and professional as the KDF

Nairobi City council- it's unbelievable that a city with a population of 5m and generating half of Kenya GDP can only raise 7-10 billion in revenue. sort out the engine of growth and the rest of the car will move.


Sorry how will sorting out the land issues improve the economy. Will it reduce inflation, increase exports, or stabilize the shilling. I believe you are blowing this out of proportion.

In ndungu defence all the things you have mentioned have nothing at all to do with him. I do not think the cbk ndungu is the same as the ndungu for ndungu land report so obviously h cant sort out land, ndungu probably doesnt seat at defence committees nor is he a councilor in the NCC. Therefore I think you can absolve ndungu.

Ndungu hands are tied and I agree his action might have been very slow but he probably did not have enough information to act.



Mkonomtupu's comments aside, the Reuters article is spot on about Ndungu's delayed monetary policy responses and erroneous analysis. He fully deserved his worst central banker rating!
KulaRaha
#10 Posted : Tuesday, December 06, 2011 11:19:23 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Obi 1 Kanobi wrote:
The Kibaki Era which performed so well over the last 10 years seems to be bringing down the curtain and the house with it. I hope its not some ochestrated move to benefit a few.

That score against Ndungu has been well earned. the prof has ruined many livelyhoods with his incompetence.


Ndungu is a twit. He deserves that rating, perhaps even lower.

this is what happens when you hire academics from your tribe instead of seasoned bankers.
Business opportunities are like buses,there's always another one coming
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