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{
    "id": 1026685,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1026685/?format=api",
    "text_counter": 401,
    "type": "speech",
    "speaker_name": "Seme, ODM",
    "speaker_title": "Hon. (Dr.) James Nyikal",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker for giving me this opportunity. Let me start by passing my congratulations to the new Chair of the Departmental Committee on Finance and National Planning, Hon. Wanga. I rise to support this Bill because its object is noble. To amend the PFM Act and give credit to small medium micro enterprises. This credit scheme will ensure that these small businesses get funds at low rates. Nothing can be greater even during this time of COVID-19 than supporting these levels of businesses. The role of small medium micro enterprises is huge. They are the mainstay of our economy. It is not the big businesses that are making this country run. These are the real employers of our people. I am not an economist, but I know that they employ most people. These businesses are actually what support the youth. In fact, they are youth friendly. They are friendly to innovation and in employment, they do not look for all the experiences that the big companies will look for. So, they will actually employ the youth. They are responsible for the local production. You go into the estates and these are the people who run the businesses. These are the businesses that are running the country. They support local consumption and they are likely to boost our exports because in the agro-industry, they will go for value addition. They will actually support what we export. In the horticulture and fish industries, these are the businesses that will support them. Therefore, to give them credit, this guarantee is extremely important."
}