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{
    "id": 1283474,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1283474/?format=api",
    "text_counter": 189,
    "type": "speech",
    "speaker_name": "Molo UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "The nominee, while appearing before the Joint Committee, showed that he had vast knowledge and experience in finance and monetary economic matters as stipulated by the Central Bank of Kenya Act. When we tasked him on the question of how to tame the high cost of debt, Mr Andrew Musangi, the nominee for the Chairperson of the Central Bank of Kenya, described to the Committee that there was need to have a strategy on responsible fiscal management, monetary stability, dedication to transparency and collaboration to achieve long term economic growth as well as reduction in the overall debt by putting in place measures that bring about competitive debt pricing. The nominee holds a Bachelor of Laws degree from the University of Hull in the United Kingdom. Additionally, he holds a Post-graduate Diploma in Law from the Kenya School of Law. He has also attended various trainings across the world on corporate governance. It is also key to note that the candidate is a director in very many financial institutions, including Vipingo PLC and Two Rivers. Mr Mukite has 28 years of experience, including and especially in legal practice. Key to note, during his law practice, most of his clients were bank institutions. Therefore, this is a candidate who understands the banking sector having represented most banks in court in his 28 years of experience as a lawyer. In accordance to Section 11(7)(a) of the Central Bank of Kenya Act, which provides that for a candidate to be approved as a chairperson of CBK he must be a Kenyan citizen, we would like to confirm to this House that Mr Andrew Mukite Musangi is a Kenyan citizen."
}