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"id": 1123328,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1123328/?format=api",
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"type": "speech",
"speaker_name": "Garissa Township, JP",
"speaker_title": "Hon. Aden Duale",
"speaker": {
"id": 15,
"legal_name": "Aden Bare Duale",
"slug": "aden-duale"
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"content": "They are not running the M-Pesa within the ambit of the Central Bank of Kenya (CKB) Act. They cannot use the telecommunication licence given to them by the Communications Authority of Kenya (CAK) to run a banking and financial institution function. They cannot have their cake and eat it. Safaricom is known just like Vodafone and Airtel. Their function is a telecommunication provider, be it voice or data. This House must rise to the occasion and ensure the services they provide is so important and a milestone. M-Pesa is something Kenya as a country is proud of. However, we cannot have M-Pesa regulated under the Telecommunications Act. It must fall within the CBK Act; the M-Pesa of Safaricom must be under the Financial Reporting Centre. They must fall within the Proceeds of Crime and Anti-Money Laundering Act that formed the Financial Reporting Centre."
}