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{
    "id": 1285764,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1285764/?format=api",
    "text_counter": 186,
    "type": "speech",
    "speaker_name": "Sen. Kisang",
    "speaker_title": "",
    "speaker": {
        "id": 2263,
        "legal_name": "William Kipkemoi Kisang",
        "slug": "william-kipkemoi-kisang"
    },
    "content": "Thank you, Mr. Speaker, for this opportunity. I rise to support the report by the Finance Committee to approve Mr. Andrew Mukite Musangi as the Chairperson of the CBK Board of Directors. I have gone through the report and seen his Curriculum Vitae (CV). It is very good. From the CV, he went to Alliance High School in 1984 when I was in Form Three. He cleared Form Six in 1989. This is good. We expect him to help us and change things at the CBK. Mr. Speaker, Sir, for the last few years, I think the policies that the CBK put in place must have had some issues. Although we have challenges with our economy now, I believe there must have been something wrong that happened during the last regime of the last Governor of CBK because the shilling went down drastically. The exchange rate between the Kenya shilling and the dollar moved from Kshs80 something to Kshs150, which has made things very difficult. The cost of fuel is so high now. The cost of importing vehicles into the country is very high because of the exchange rate. We expect this new chair, if he is approved by Parliament, to sit down and relook at the policies that are in place at the CBK. He must ensure that the Kenyans are elevated from the current situations in the country. Mr. Speaker, Sir, I believe he was also a Vice-Chair of the Commission for Revenue Allocation (CRA) at one stage. Therefore, he must have worked very closely with the Senate in terms of allocation and looking at the formulas to distribute resources across our counties. 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."
}