Entry Instance

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

{
    "id": 1357705,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1357705/?format=api",
    "text_counter": 254,
    "type": "speech",
    "speaker_name": "Sen. Oketch Gicheru",
    "speaker_title": "",
    "speaker": null,
    "content": "Yes, Mr. Temporary Speaker, Sir. Are you happy now? Listen now happily to my submissions here. The President talked about borrowing in this country. When President Uhuru Kenyatta left, the commercial borrowing interest rate was averaging 14 per cent. As the President was doing his submission last week, the Government had issued infrastructure bonds at 17 per cent. If you issue infrastructure bonds at 17 per cent, there is no way commercial banks would risk their capital in this country by giving anything under. This has forced our economy right now, that if the banks were to give loans to any of the small business that the Government wants to help, then the average is 24 per cent. This is now leading to crowding out of businesses. Businesses do not have a chance to grow because of this heavy borrowing we are seeing. When basis points was moved sometime early this year, the deficit the country had was Kshs700 billion. I know this because we sit with the senior Senator for Kakamega, Dr. Khalwale and together, we criticized---"
}