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{
    "id": 509322,
    "url": "http://info.mzalendo.com/api/v0.1/hansard/entries/509322/?format=api",
    "text_counter": 63,
    "type": "speech",
    "speaker_name": "Hon. Musimba",
    "speaker_title": "",
    "speaker": {
        "id": 1804,
        "legal_name": "Patrick Mweu Musimba",
        "slug": "patrick-mweu-musimba"
    },
    "content": "The value of the Kenya shilling to the dollar or against major currencies has consistently depleted. We are not looking at a better state. Instead of looking back and asking what investments we are making towards agriculture, which is the bedrock sector of this economy, we are interested in other things. It is on a downward spiral. If our exports are not growing or matching, then you are looking at this debt portfolio becoming quite a problem for this nation. I, indeed, implore this House to be able to refer back this particular Report on Sessional Paper No. 14 to the Committee for them to engage with Treasury and actually look for most befitting way. Angola has shown the way ably. If our development partner is going to be China or Europe, we have oil; we have Niobium. Let us trade those minerals today. Let us put a caveat and only allow them to mine for the next 40 years. This will enable us build a sovereign fund which will be beneficial to this nation. We will also be able to build a balanced payment scenario which will propel this nation forward."
}