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

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.

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.

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.

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!

Ndungu is just not serious, as he raised the CBR to 18% he has offloadede the cash they have been feverently mopping out of the market in the last few weeks back to the commercial banks.

by last week the overnight lending rate was high as 35% and after the offload the rates have dropped to around 18%.

this guy has created a window for commercial banks to milk the common mwanainchi dry as the bank will continue peddling the rates have been raised while they are enjoying cheap sources of capital however short term it is.

who will save wanjiku,en was supprised to hear james mwangi say rates will come down by june, what factors did he/they concider and not march??

Agree,

Too bad that his earlier success to expand reach of financial services goes down this way.

Hi poor reading of the policy shift demand has proved to be his Achilles’ heel.

The earlier he vacates Haile Selassie Avenue the better

Surely if you are the worst at anything in Africa then automatically you are the worst in the world.
I'm no expert but I remember the good prof assuring us that when it rains the inflation will go down, it's been raining elephants and everything is still going up! But I'm surprised the parliamentary finance committee has not summoned this guy to ask him how he has single-handedly managed to screw the economy of a country.

Frankly, many of us here have built and grown our asset columns under his tenure. Vindicating such a man esp.on items out his control is uncalled for. Ama?

Rated better by what yardstick...Rain maker? Farmer? Oil producer or market maker? Custodian of fiscal policy? (PS Kinyua/UK)