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{
    "id": 145700,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/145700/?format=api",
    "text_counter": 320,
    "type": "speech",
    "speaker_name": "Mr. Kenyatta",
    "speaker_title": "The Deputy Prime Minister and Minister for Finance",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": "On the issue raised by Mr. Mungatana with regard to the National Social Security Fund (NSSF), first and foremost, I would like to clarify that the issue we are referring to relates basically to new and not old investments. As I stated in my Budget Speech, there are serious issues of governance in some of these bodies. There is need for us to rein in and protect the pensions and savings of our hardworking Kenyan people. This is necessary as we move forward to strengthen governance in various institutions that receive statutory contributions. I do not believe that the level of new investments we target to be put into Government securities is of a magnitude that would, in any way, have any impact on the capital markets."
}