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{
    "id": 1277906,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1277906/?format=api",
    "text_counter": 271,
    "type": "speech",
    "speaker_name": "Sotik, UDA",
    "speaker_title": "Hon. Francis Sigei",
    "speaker": null,
    "content": "I want to note that there was wisdom in creating these funds. What has happened is that we have left these people to run their own businesses and do what they want to do without regard to the law. So, we should support the Committees’ Report and go deeper in asking questions about governance. What are the leakages? A lot of leakage is taking place in the funds. I want to ask the Committee not to despair, but to go deeper and look at the legal issues, structure, capacity, and impact of the funds. We are only looking at the audit queries. We need to know the impact of these funds on people. We need to look at the Youth Enterprise Development Fund as seed money for our youth. Have we seen any impact from giving capital to the youth? I do not think there is any impact. We need a lot of work to be done in this area. There was wisdom in the creation of these funds. The problem is the management, which we must address. We cannot condemn all the funds without addressing the issue of governance. That is an area that we need to discuss. I support the Report."
}