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{
    "id": 1130228,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1130228/?format=api",
    "text_counter": 67,
    "type": "speech",
    "speaker_name": "Hon. Uhuru Kenyatta",
    "speaker_title": "His Excellency the President",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": "The eighth intervention was in the National Sanitation Programme. As I said earlier, we started this programme to harness the energy of our young people and give them a buffer against COVID-19 related unemployment. Noting the success of the Kazi Mtaani Programme and its effect in enhancing opportunities for youths across our country, we required the National Treasury to allocate a further Kshs10 billion for the third phase of the Kazi Mtaani Programme to cover youths and to be rolled out in all our counties across the country. The ninth intervention was on energy and petroleum. Being fully aware of the positive strides being made in our economic recovery, and cognisant that those gains stand the risk of being eroded by high energy prices, I am pleased to confirm that we are on course to institutionalise the sought reforms. The tenth intervention was on access to credit. Critically, I asked the National Treasury and the Central Bank of Kenya (CBK) to consider suspending the blacklisting of creditors with loans below Kshs5 million at the Credit Reference Bureau (CRB) in a move targeted to retain the bounce-back potential of the foundation of our economy. As the eleventh intervention, I also asked the National Treasury and CBK to consider revising the maximum amount an individual or enterprise can withdraw or deposit from a bank that previously stood at Kshs1 million, which was not supportive of our current business environment. I am glad to report to Parliament that as of 8th November, 2021, the CBK issued a notice suspending the listing of negative credit information for borrowers with loans below Kshs5 million that fell into arrears from 1st October, 2021 to 30th September, 2022. This will give the Medium, Small and Micro Enterprises (MSMEs) 12 months to re-organise themselves and adapt to the new economic normal. I am also happy to report that the CBK is at an advanced stage of revising the Kshs1 million threshold for cash deposits and withdrawals in the banks."
}