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{
    "id": 1285759,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1285759/?format=api",
    "text_counter": 181,
    "type": "speech",
    "speaker_name": "Sen. Osotsi",
    "speaker_title": "",
    "speaker": {
        "id": 13588,
        "legal_name": "Osotsi Godfrey Otieno",
        "slug": "osotsi-godfrey-otieno"
    },
    "content": "Thank you, Mr. Speaker, Sir, for the opportunity to also raise my voice on this Motion. I am one of the people who are quite careful in supporting appointments made by the Kenya Kwanza Government. However, I fully support Mr. Andrew Mukite Musangi to be the Chairperson of CBK. I know him personally. He is the son of the pioneer Vice Chancellor of Egerton University, Prof. Richard Musangi. I have known him as a very serious lawyer on commercial and insurance matters. So, he is an able person who is very experienced and knowledgeable for this position. He may not belong to the same political persuasion as some of us but I know him as a capable person, who is needed at this critical time when this country is facing economic challenges. Mr. Speaker, Sir, the role of CBK is to provide the right fiscal and monetary policies for the economy to thrive. I think Mr. Musangi will provide the leadership that is required for CBK to achieve a sound environment for fiscal and monetary policy. I also expect my good friend, Mr. Musangi, to take charge of the economic management of this country. It is because lately, we are seeing a situation where serious matters of management of the economy are now being discussed on social media by those who are supposed to be driving this economy. We have seen careless comments on social media by people like Mr. David Ndii. An economy cannot grow when some of these issues are being discussed carelessly like that. We look forward to Mr. Musangi bringing sanity in CBK to those who advise the President on how the economy should run. That will enable us to have the right environment in which the economy can thrive. One of the things Mr. Musangi can deal with, is the exchange rates. He now has a chance to ensure that we deal with the problem of the exchange rate. The exchange rate is a key economic indicator. When it is very high, it affects the performance of the economy. You cannot say that when the exchange rate is fluctuating upwards, it has nothing to do with the economy. It has every reason to do with the economy. We are also looking forward to Mr. Musangi and his team of advisors, making sure that the economic decisions that are made, have fisical and monetary thinking around them. Regarding the Government-to-Government (G2G) deal, I do not think it was well thought out. If it was well thought out and motivated by the economic situation we are having, we would not be having this problem. We look forward as Kenyans towards economic improvement guided by a strong team at the CBK led by my good friend, Mr. Andrew Mukite Musangi. Mr. Speaker, Sir, I support this Motion. As a Kenyan, I fully support Mr. Andrew Mukite Musangi to be the Chairperson of CBK. I pray for my friend to perform better and excel in his role as the Chairperson of the CBK. 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."
}