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{
    "id": 1285744,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1285744/?format=api",
    "text_counter": 166,
    "type": "speech",
    "speaker_name": "Sen. Thang’wa",
    "speaker_title": "",
    "speaker": null,
    "content": "Thank you, Mr. Speaker, Sir, for giving me this opportunity to conclude my contribution on approving the Report by the Committee on affirming Mr. Musangi to be the Chairperson of the Board of Directors of the Central Bank of Kenya (CBK). Yesterday I stood to inform Sen. (Dr.) Khalwale that when he was listing the women who have broken the glass ceiling, he forgot the first Maasai woman to be elected as an MP – Sen. Peris Tobiko. As I support this Report, I urge CBK and its Chairman to listen carefully to the clarion call by the President. He has on numerous occasions said that we require a new financial infrastructure or architecture. This means there should be new rules and regulations when it comes to our finances in this country. The President is talking about the whole world and global finances, but I also urge the Chairman as he takes on this seat and the Governor of CBK to heed that clarion call so that citizens of this country can also enjoy the new finance infrastructure. As I stand here, they have already started. Safaricom has increased the transaction limits from Kshs150 to Kshs250. That is what we require in this country. The financial rules, regulations, and the way the system works need to be brought to speed in these economic times. I urge the CBK to come up with systematic changes for transactions. Yesterday, when I was making my contribution, I said that I am a great supporter of cryptocurrency. When we talk about systematic change, it brings about transparency. Cryptocurrency is based on a blockchain. Therefore, it brings about transparency. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard Services,Senate."
}