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{
    "id": 1144277,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1144277/?format=api",
    "text_counter": 235,
    "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. I rise to support the Report of the Committee. The main object of the regulations was to merge Uwezo Fund, Women Enterprise Fund and Youth Fund into a Biashara Fund. The rationale was sound – to reduce the administrative cost – that is extremely sound. However, I think it missed a very important point, which is that all these were Affirmative Action Funds that were meant to support people who have difficulty meeting bank requirements. That was the basic thing. However, if the Biashara Fund was going to be run through banks, then we are not going to meet that objective. I know this because I was involved in the implementation up to formation of the Women Enterprise Fund, which are two components. There was a component that was to be managed through the structure of the Fund itself, and another which was to be managed through the banks. We had a problem with the component that was being managed through the banks because as much as the Women Enterprise Fund had money in those banks, when women went to get the money, and somehow they could not get it, and they were discouraged. That component did not work. If we then merge this and take it to the banks, all of them will have difficulties. In my mind, that is the main issue that we should look at again. However, the desire to merge them and reduce their administrative cost is real and acceptable. However, even if we reduce that and not achieve the objective for which it was started, which is the affirmative action for these people who would, otherwise, not have been bankable so to speak, then, we lose out on all that. So, we should look at that."
}