Meet Mutati, the new Finance minister who failed ACCA

Meet Mutati, the new Finance minister who failed ACCA

Mutati with his paymaster

Mutati with his paymaster

Felix Mutati is the minister of Finance.

In the UNIP era, Felix Mutati was given one of those common scholarships to go and study ACCA in UK by the Zambia Industrial and Mining Corporation (Zimco).
He flunked twice; returned to ZIMCO where he was given a job as ‘assistant accountant’ since part of the scholarship agreement required recipient to worker for Zimco after graduating.
To ward off the embarrassment of going to UK just to fail, Mutati made his family sell property to make him return to UK. He failed again. But this time the the examiners failed sorry and gave him a compensatory pass. Pass by compensation means that a student who has failed to attain the pass mark (in UK 40%) in a module, may, at the discretion of the Examination Board, pass the examined module by compensation. If you get 36%, the examiners can upgrade you to 40%. Failing once could be tolerated, but failing consistently is not ok. In serious universities you can be declared ‘unteachable’. But that is not the end of the world, you can still go to Africa and become a minister.

Mutati later got a job at the National Hotels Development Corporation, then moved to Zesco where, after a few months, Zesco refused to renew his contract, most likely due to poor performance.
He did what most failures in Africa do – joined politics.

The Watchdog can safely and accurately predict that Mutati will perform worse than Alexander Chikwanda, but of course his pockets will be full. Mutati is good as speaking but in practice he is a disaster. That is why he earned the title of ‘Japanese robot.’ The ministry of Finance requires a serious economist.

Share this post