Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1319648,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1319648/?format=api",
    "text_counter": 264,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": "midnight oil, but there is a lot of room for improvement. We are doing what we can to ensure that the cost of living is commensurate with the macro-economy. Beyond the hardships in the economy, leaders also need to associate with reality. The macro-economy in Kenya is actually doing well compared to other nations of the world. Those are the facts which are not just generated by a regime, but also by international bodies like the IMF and the World Bank. Quoting data from the Kenya National Bureau of Statistics (KNBS), which is buttressed by data from IMF and the World Bank, I will use two parameters, that is, inflation and economic growth, to show that Kenya is doing better than it appears. In comparing Kenya’s economic growth to other nations, in the first quarter of 2023, Kenya’s real GDP grew by 5.3 per cent while the nominal GDP grew by a much higher rate. In the second quarter of 2023, Kenya’s GDP grew by the same rate. According to data by World Bank and IMF, Kenya was the 29th fastest growing economy in the world. Those are existing facts. The entire world has been faced with increased inflationary pressures. In comparing Kenya’s inflation now and before, we were almost cruising into double digits. Currently, Kenya’s inflation is within our own benchmark of 5 per cent. We are doing fairly well at the current rate of less than 7 per cent. Food inflation has also reduced but its advantages are being weighed down by inflation on fuel, which we are doing our best to stabilise. On agriculture, the policy on fertiliser is working very well. Kenya is likely to have the best harvest ever this season. We are anticipating over 45 million bags of maize in one season. All the other previous regimes..."
}