Interestingly, he had his contract renewed earlier this yr.
I have a couple of ideas about who should replace. One is a very competent NRK who was denied the CMA job for political mathematic reasons.
Its not a difficult job. It’s a plain-vanilla trading book for shares and bonds with not that many deals per day. One can easily monitor positions on a daily basis and be able to give feedback on any funnies the day after. There are not that many brokers, so again doing due diligence on their operations is not back-breaking.
There'd be a lot of very quick wins in terms of changing the bourse workings to bring back investors and especially the all important retail sector.
It'd be an easy job for one to look good in.
You'd have to be very very incompetent to oversee the collapse of 3 brokers in a benign environment.
I am not saying Mwebesa was incompotent but...