PRICE REGULATIONS... ARE WE READY?
A bill has currently been passed allowing for regulation of prices of goods commonly used by wananchi specifically price of Maize flour and Fuel. Price regulation means controlling the amount of money being paid on the said commodities in order to safe guard the common man against the ever-rising prices. This move has effects in whichever economy and the effects can be good or bad depending on the stability of the economy in topic, how it is carried out and the business atmosphere. Literally from the wananchi point of view, we are game. It’s a high time someone started paying attention to our predicaments. But the main area where the bill has some real repercussions on is the small and medium businesses especially in economy like ours and the so called repercussions will for sure trickle down to the common man and in a huge way. The question is, is economy like ours ready for regulation? In my opinion, NO. This is the kind of bill you talk about… leave alone table it in parli