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{
    "id": 1095761,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1095761/?format=api",
    "text_counter": 273,
    "type": "speech",
    "speaker_name": "Makueni, WDM-K",
    "speaker_title": "Hon. Daniel Maanzo",
    "speaker": {
        "id": 2197,
        "legal_name": "Daniel Kitonga Maanzo",
        "slug": "daniel-kitonga-maanzo"
    },
    "content": " Thank you, Hon. Speaker, for giving me an opportunity to contribute to this very important Bill. The Central Bank of Kenya is regulated by the Central Bank Act, a fairly old Act. We have had the advantage of new developments in the world, especially in ICT. More important is digital lending, which has not been part of the law. These amendments have been brought to support digital lending, so that it is provided for in law. It is already happening and a lot of transactions are going on in and outside the country digitally without a supportive law. In fact, quite a number of civil suits have been filed where people have been conned. It is very difficult for the matters to proceed for lack of basis in law. That is why this Bill is here."
}