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{
    "id": 14602,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/14602/?format=api",
    "text_counter": 576,
    "type": "speech",
    "speaker_name": "Mr. Namwamba",
    "speaker_title": "",
    "speaker": {
        "id": 108,
        "legal_name": "Ababu Tawfiq Pius Namwamba",
        "slug": "ababu-namwamba"
    },
    "content": "Madam Temporary Deputy Speaker, my concern is that you may take action against impropriety in a particular system under the management of a particular management body and allow the body to continue operating other systems which may have challenges that have not come to the fore yet. I do not see anywhere in the Bill--- I may have missed that because I admit that I have brushed through the Bill at great pace. But I have not seen in the Bill how then you address that challenge where one system has been revoked, but the same body managing that system continues to manage other systems which, though have not yet registered danger signals on the radar, but could also be problematic in future because of that connection to the particular management body. That is something that requires some attention. In the interest of time and because the Mover has to respond, let me conclude with the opportunities that this Bill provides to this country for it to take full advantage of the integration of the EAC. As a country, we can now move capital easily; our banks are now all over the place, whether you go to Kampala, Kigali, Bujumbura or Dar es Salaam, you will see the Kenya Commercial Bank and the Equity Bank. We need to take advantage of the integrated economy by regulating our system and making it easy but safe to move capital. I foresee our business people and our economy taking full advantage of the opportunities presented by the EAC. With those remarks, I support."
}