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{
    "id": 1192286,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1192286/?format=api",
    "text_counter": 20,
    "type": "speech",
    "speaker_name": "Mukurweini, UDA",
    "speaker_title": "Hon. John Kaguchia",
    "speaker": null,
    "content": " Hon. Deputy Speaker, pursuant to the provisions of Standing Order 44(2)(c), I rise to request for a Statement from the Chairperson of the Departmental Committee on Finance and National Planning regarding the acquisition of Spire Bank Limited, Kenya. It is a locally owned bank whose majority shareholding is Mwalimu National Sacco. It was initially operated as Equatorial Commercial Bank, prior to its acquisition and eventual rebranding by Mwalimu National SACCO, which holds deposits from hundreds of employed and retired teachers, and other customers across the country. Since its acquisition by Mwalimu National SACCO, the bank has undergone a myriad of challenges that include mismanagement and financial constraints."
}