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{
    "id": 1285755,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1285755/?format=api",
    "text_counter": 177,
    "type": "speech",
    "speaker_name": "Sen. Wamatinga",
    "speaker_title": "",
    "speaker": {
        "id": 13582,
        "legal_name": "Wahome Wamatinga",
        "slug": "wahome-wamatinga"
    },
    "content": "Thank you, Mr. Speaker, Sir. I also rise to support the report. Indeed, the Central Bank is a very important institution in any country. We know that of late, we have been facing severe monetary and fiscal issues. We also know that the country needs to put itself on a recovery path faced with the downward trade of economic crisis across the globe, the dilemma of paying by the United States of America (USA) and a changing climate condition that has affected our production of the major earners having come shortly after COVID-19 and four seasons of drought. Mr. Speaker, Sir, we need a strong institution in the name of the Central Bank of Kenya (CBK). We need sound policies that can put the country back on track for economic recovery. It is known to everybody that, save for tea, everything else that we consume in this country is imported. I have listened to my fellow Senators give their presentation. Indeed, we must ensure that Kenya becomes self-sufficient in terms of food production and edible oil production. We have favourable climatic conditions but because of unfavourable geopolitics, we have not attracted enough investors to come and start up farming of edible oils in this country. We spend millions of dollars to import edible oil and even clothing. We have climatic conditions that can support Bt cotton and we can revamp our textile industry. I was in a foreign country just the other day and was surprised by the resilience of the citizens. I was surprised by the fact that most farmers especially in the coffee sector are young farmers and young researchers. They have delivered because of a deliberate 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."
}