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{
"id": 1550002,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550002/?format=api",
"text_counter": 281,
"type": "speech",
"speaker_name": "Homa Bay Town, ODM",
"speaker_title": "Hon. Peter Kaluma",
"speaker": null,
"content": "So, if we have a local African institution like the Africa Finance Corporation, we can easily invest there and borrow money. Let me, therefore, thank our President, because I had the occasion and privilege to accompany him to a meeting which was attended by the top leadership of that bank during the Kisumu International Conference. I heard our President confirm that, indeed, we had started investing in that organisation. With that, I, therefore, want to request the membership of the…"
},
{
"id": 1550003,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550003/?format=api",
"text_counter": 282,
"type": "speech",
"speaker_name": "Hon. David Ochieng’",
"speaker_title": "The Temporary Speaker",
"speaker": null,
"content": " Allow Hon. Kaluma one minute."
},
{
"id": 1550004,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550004/?format=api",
"text_counter": 283,
"type": "speech",
"speaker_name": "Homa Bay Town, ODM",
"speaker_title": "Hon. Peter Kaluma",
"speaker": null,
"content": " I want to join the Chairman of the Departmental Committee on Finance and National Planning, where I also serve as a member now, in urging the Members of the House that we move expeditiously, and become those African states which can be seen to be investing there as fast as possible. We can have this expedited for the development of the country. I agree with Hon. Ferdinand Wanyonyi that it is long overdue. The faster we pass it, the better in terms of the ratification. Therefore, I support the ratification of the agreement for the establishment of the Africa Finance Corporation. Thank you, Hon. Temporary Speaker."
},
{
"id": 1550005,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550005/?format=api",
"text_counter": 284,
"type": "speech",
"speaker_name": "Hon. David Ochieng’",
"speaker_title": "The Temporary Speaker",
"speaker": null,
"content": " Thank you. Hon. Jackson Kosgei, do you want to say something on this?"
},
{
"id": 1550006,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550006/?format=api",
"text_counter": 285,
"type": "speech",
"speaker_name": "Nominated, UDA",
"speaker_title": "Hon. (Dr) Jackson Kosgei",
"speaker": null,
"content": " Thank you, Hon. Temporary Speaker. At the outset, I support the ratification of the Africa Finance Corporation. It has been prosecuted by colleagues who have spoken before me, giving details of the content of the Motion. It has been said that it is not great wealth in the hands of few individuals that proves a country is prosperous, but great general wealth evenly distributed among the people. That is what raises a nation. My colleague mentioned earlier on about the development of Europe immediately after the two devastating wars in 1918 and 1945. They regrouped as nations and decided that they would want to develop Europe. They had a dream to have a garden, although they considered the rest of the world as a jungle. They said it was not going to be possible when every individual country would develop infrastructure for their own country using their own resources, unless they brought them together. Hon. Temporary Speaker, in 1947 they started the International Bank for Reconstruction and Development. It was later to be known as the World Bank. It played a very crucial role in the reconstruction of Europe so much that if any of us has had a chance to visit Europe, they will notice that the infrastructural development in Europe is the same amongst all the nations. Currently, they have a visa that when you get one visa from one corner in Europe, you can use it across the other countries except for Britain because they voted to leave the EU. Hon. Temporary Speaker, it is easy to discuss and ratify a treaty though we have to ensure that it does not remain in our archives or go slow on its implementation. There are three things that made Europeans grow and develop. Studies show that, one, they were guided by the solidarity of purpose. We must agree that there is no one who will develop Africa except ourselves, and this was the dream of our fathers who fought for independence, self-rule and our dignity as Africans. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
},
{
"id": 1550007,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550007/?format=api",
"text_counter": 286,
"type": "speech",
"speaker_name": "Nominated, UDA",
"speaker_title": "Hon. (Dr) Jackson Kosgei",
"speaker": null,
"content": "Two, were sound fiscal policies in their own countries. They became intentional in the correct collection of revenues, use of their revenues to meet their recurrent expenses and development, and payment of debts. They were very serious and timely. Three, Hon. Temporary Speaker, is that the European nations were guided by national pride, which is what you are seeing now emerging again. It is our appeal, as we pass this at the appropriate time, to be proud of ourselves and our Continent, work as a team and be guided by patriotism and the love of our own country."
},
{
"id": 1550008,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550008/?format=api",
"text_counter": 287,
"type": "speech",
"speaker_name": "Nominated, UDA",
"speaker_title": "Hon. (Dr) Jackson Kosgei",
"speaker": null,
"content": "I support the Motion. Thank you."
},
{
"id": 1550009,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550009/?format=api",
"text_counter": 288,
"type": "speech",
"speaker_name": "Hon. David Ochieng’",
"speaker_title": "The Temporary Speaker",
"speaker": null,
"content": " Thank you. Member for Garissa Town, Hon. Dekow. Where is your card?"
},
{
"id": 1550010,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550010/?format=api",
"text_counter": 289,
"type": "speech",
"speaker_name": "Garissa Town, UDA",
"speaker_title": "Hon. Dekow Mohamed",
"speaker": null,
"content": " Sorry, Hon. Temporary Speaker. I did not come with a card today, but I promise that next time I will. Thank you for giving me this opportunity, Hon. Temporary Speaker. Kenya is the sixth largest economy in the African Continent. I am surprised that we are having this debate at this time. Having established this co-operation in 2007, this debate should have happened a long time ago. Although it is late, it is not too late. America, the major shareholder in the World Bank and International Monetary Fund (IMF), still borrows from those financial institutions to develop its roads, electricity, communication systems, railways, health systems and water systems. We need to be in this kind of grouping or organisation. As the sixth largest economy in Africa, we can influence by contributing almost the largest amount into that fund so that we can benefit from it. America itself borrows from China, other countries, and other financial institutions. The other day, they joined the Asian Bank as one of the shareholders. As a country, this is a very timely decision. We thank the Chairman and his team for bringing this. For sure, I think we will pass this Motion, and it will be actualised. To develop as Africans, we must pool our resources together, both from the private and public sectors, so that we can develop joint infrastructure programmes that will cut across all the countries. We are endowed with a lot of resources in the African Continent. But we lack those kinds of organisations to support systems for the region to develop. IMF, World Bank, and other institutions we borrow from charge very high interest rates. USA borrows at maybe 0.5 per cent. But at the same time, the World Bank charges us a double-digit percentage when we borrow from them. They are using our money and the interest they gain from us to develop their regions and countries. So, I support the Motion and it is timely. Thank you very much for giving me the time."
},
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"id": 1550011,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1550011/?format=api",
"text_counter": 290,
"type": "speech",
"speaker_name": "Hon. David Ochieng’",
"speaker_title": "The Temporary Speaker",
"speaker": null,
"content": " Hon. Member for Saku."
}
]
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