HABAZOKA vs MUSOKOTWANE-Access Full Details Below
By Brian Mulenga
I take Dr Musokotwane any day of the year. Dr Musokotwane safely navigated our economy through the global financial crisis of 2008-2009.
While banks like Barclays were panicking and closing branches and mines were laying off people in their thousands, Dr. Musokotwane deftly brought this economy home and made sure our economy only caught a sneeze or two and went straight back to 6-7 percent GDP growth.
Barclays Bank for the second time in a decade messed up and made the wrong decision about its retail business. It ruthless strong-arm recovery methods on miners who had gotten loans and its orgy of branch closing toppled it from number 1 in the Zambian banking market and permanently lost it market share in the retail banking space.
When practical economists who have shown their capabilities at BOZ and the Ministry of Finance like Dr. Musokotwane talk I listen.
Meanwhile, Dr. Habazooka creates Youth Wings and spouts old discredited and useless policies like nationalization which took Zambia nowhere and failed in the past and flip flops on VAT.
When Dr. Habazooka talks I cringe in embarrassment. For me it is clear that Cadrenomics is back. If you allow Dr. Habazooka anywhere near the economy I will buy bell-bottom trousers and grow an Afro and welcome back the failed policies of yesteryear that made us poor. I will even get ready to queue up at 04 for mealie meal and wait to get coupons….
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