Getting down with Joyce…

The new president elect, Joyce Banda’s budget speech was by any standard impressive. Whilst quoting Luther King’s Dream speech, she promised to balance the books, revitalise the flat- lined economy, address the meagre health and education provision, whilst stimulating growth and imposing austerity. The offer to sell the former leader’s presidential jet and to shrink her motor-cade a tad is a commendable start, but devaluating the already impoverished Kwacha by 42% overnight has only micro-dented the national debt whilst inflicting pricing chaos on the ground. An effective instant panic 50% increase in basic commodities has slapped the poorest in a way that even her so-called prophet friend, TB Joshua failed to see.

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