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{
    "id": 1285774,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1285774/?format=api",
    "text_counter": 196,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "Thank you, Mr. Speaker, Sir. I also rise to support this Motion on the nomination of Mr. Andrew Musangi Mukite. I want to thank the President because we have been having an issue where many people have been telling the President that the Kenya Kwanza Government does not have the face of Kenya. I am happy today because if you look at the person who has been nominated to the Chairperson of the CBK Board, he is a Kenyan. We need to note that the Government is doing its best, especially the President, in ensuring that there is the face of Kenya in appointments. Secondly, I am happy because Mr. Musangi has shown that you can work in this country, rise up in your career ladder and be intact with integrity. Nowadays to get somebody with integrity in this country is very hard. I want to congratulate him because it costs tenacity, commitment and ensuring that you maintain integrity is very important. Therefore, I want to laud the Committee of Finance and Budget chaired by the able Sen. Ali Roba for the wonderful job they have done. As a country, we should reward integrity. The only way to follow President Ruto’s “ mambo ni matatu” in the fight against corruption is to reward integrity. If we reward integrity of people like Mr. Musangi corruption will die a natural death and it will be as rare as a snowball in hell. Under Article 231 of the Constitution of Kenya, the role of the CBK role is very clear. The work of CBK is to ensure economic stability, stable forex exchange, macro economy and the bank of the Government. Mr. Musangi, Governor of the CBK together with the advisors of the President, the task on your shoulders is very huge. This country is going through challenges. I want to confirm to the nation that when President William Ruto took oath on 13th September, 2022, which is one year ago, this economy was in the Intensive Care Unit (ICU). I am happy to report to the country that the economy is now in the High Dependency Unity (HDU) and is headed to the general ward for full recovery. The prosperity we saw in the Kibaki era is going to come in the next one or two years. I want to urge Kenyans to be patient and allow the President to stabilize the economy. The President is in New York under the United Nations General Assembly. He has ensured he is talking to each and every person that matters in this world to ensure at least good things come to this country. On forex exchange, I know the cost of fuel is rising because the dollar has gained strength. That is basic economics. I am not an economist, but any person will know that it is because of the strength of the dollar. There are allegations that in the previous regime bribery was being received in dollars and that is what has caused dollar shortage. This has affected and weakened the shilling. Mr. Musangi should ensure there is forex exchange stability because of high price of fuel and the high cost of living. On the issue of public debt. I was talking to a financial expert and I want to thank the Parliamentary Budget Office (PBO) through the Clerk. When the shilling becomes weak, the public debt goes up because we pay in 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."
}