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"id": 3671,
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"type": "speech",
"speaker_name": "Mr. Mututho",
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"speaker": {
"id": 97,
"legal_name": "John Michael Njenga Mututho",
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"content": "Madam Temporary Deputy Speaker, I beg to support."
},
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"id": 3672,
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"text_counter": 517,
"type": "speech",
"speaker_name": "Mr. Njuguna",
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"legal_name": "Peter Njuguna Gitau",
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"content": "Thank you, Madam Temporary Deputy Speaker, for the opportunity to very briefly contribute to this very important Bill. Let me start by thanking the Deputy Prime Minister and Minister for Finance for this very timely Bill. It is importance to recognize the good work that the Ministry of Finance and the Central Bank of Kenya are playing in the area of trying to tame the current inflation facing our country. It is important also to recognize the good work that Mr. Michael Waweru at the Kenya Revenue Authority (KRA) is doing by making extra effort to realise the required targets."
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"id": 3673,
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"type": "speech",
"speaker_name": "Mr. Njuguna",
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"speaker": {
"id": 20,
"legal_name": "Peter Njuguna Gitau",
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"content": "Madam Temporary Deputy Speaker, the new law will go a long way in ensuring that investors in this country will never lose their resources and investments. We recall vividly when the pyramid schemes siphoned a lot of money from innocent Kenyans. Many families were affected as a result of the pyramid schemes. We witnessed some family members committing suicide, churches were defrauded of their money and even credit societies were also affected by these schemes."
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{
"id": 3674,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/3674/?format=api",
"text_counter": 519,
"type": "speech",
"speaker_name": "Mr. Njuguna",
"speaker_title": "",
"speaker": {
"id": 20,
"legal_name": "Peter Njuguna Gitau",
"slug": "peter-gitau"
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"content": "Therefore, this law will regulate and bring the adequate discipline in the sector. We cannot also forget the Rural-Urban Credit Bank and the Pioneer Building Society, which went under with a lot of resources from investors. With proper laws in place, the economy of this country is bound to expand. With the current investment climate and proper money management in the country, we have seen the banking industry expanding. Banks that were almost crumbling or going under like the National Bank of Kenya (NBK) and the Kenya Commercial Bank (KCB) have started to realise benefits now and also expand in the country and even in the neighbouring regions. We have seen KCB starting new branches in South Sudan and even in Uganda. This is very healthy for the economy of our country."
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"id": 3675,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/3675/?format=api",
"text_counter": 520,
"type": "speech",
"speaker_name": "Mr. Njuguna",
"speaker_title": "",
"speaker": {
"id": 20,
"legal_name": "Peter Njuguna Gitau",
"slug": "peter-gitau"
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"content": "Madam Temporary Deputy Speaker, this law will also guarantee the security of assets of depositors. This will attract local investors to invest more. It will also attract foreign investors to this country, thereby creating the necessary job opportunities for our youth in this country. Job creation for the youth of this country has been a major concern and this insurance law will go a long way in expanding the economy of our country."
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"id": 3676,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/3676/?format=api",
"text_counter": 521,
"type": "speech",
"speaker_name": "Mr. Njuguna",
"speaker_title": "",
"speaker": {
"id": 20,
"legal_name": "Peter Njuguna Gitau",
"slug": "peter-gitau"
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"content": "Micro-finance institutions have been mushrooming in this country and have also benefitted many families and even young graduates. Therefore, this law, again, will regulate these small micro-finance institutions and even encourage our graduates to start the same and start employing the other youth in this country. This is a law that has been under consideration for the last 47 years and will bring total revolution in this country. Therefore, this law is timely and is long overdue."
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"id": 3677,
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"text_counter": 522,
"type": "speech",
"speaker_name": "Mr. Njuguna",
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"speaker": {
"id": 20,
"legal_name": "Peter Njuguna Gitau",
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"content": "Madam Temporary Deputy Speaker, with those few remarks, I fully support the passage of this law."
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"id": 3678,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/3678/?format=api",
"text_counter": 523,
"type": "speech",
"speaker_name": "Mr. Njuguna",
"speaker_title": "",
"speaker": {
"id": 20,
"legal_name": "Peter Njuguna Gitau",
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"content": "Thank you, Madam Temporary Deputy Speaker."
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"id": 3679,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/3679/?format=api",
"text_counter": 524,
"type": "speech",
"speaker_name": "Mr. Namwamba",
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"speaker": {
"id": 108,
"legal_name": "Ababu Tawfiq Pius Namwamba",
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"content": "Madam Temporary Deputy Speaker, very briefly, I want to support this Bill. Let me also add my voice in applauding the Deputy Prime Minister and Minister for Finance and the Treasury for making every effort humanely possible to steer the economy of this country in the right direction in a very difficult global context. The economy of this country, especially in the last two or three years, has had to weather many storms. Of course, we are not an island and we have, certainly, been affected by the global economic meltdown, and yet we remain an economic force in this region. I just came back from Bujumbura yesterday, where the nations of East Africa had been gathered for the annual summit and you get a sense that despite our challenges; despite the challenges bedeviling this country, Kenya remains the economic hub in this region and that if anything goes wrong with the economy of this country, it has a ripple or domino effect that spreads all across the region, to which we pretty much serve as the hub of the fulcrum."
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"id": 3680,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/3680/?format=api",
"text_counter": 525,
"type": "speech",
"speaker_name": "Mr. Namwamba",
"speaker_title": "",
"speaker": {
"id": 108,
"legal_name": "Ababu Tawfiq Pius Namwamba",
"slug": "ababu-namwamba"
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"content": "Madam Temporary Deputy Speaker, I want to thank the Deputy Prime Minister and Minister for Finance and the Treasury, of course, including the Central Bank of Kenya and all the organs that go with the Treasury for making every effort to make sure that our economy remains on track."
}
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}