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{
    "id": 1479125,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1479125/?format=api",
    "text_counter": 276,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. Caroli Omondi",
    "speaker": null,
    "content": "No. Ksh104 billion is equivalent to US$700 million which would capitalise a big insurance company to offer healthcare services to Kenyans. That is not the case here. We are being told that an information management system that is being acquired without competition and transparency will cost Ksh104 billion, which was the value of the first Eurobond Kenya ever borrowed. We should be asking about the financial details of this transaction. What is the interest rate? What is the repayment period? This House should see the financial element of this contract. This is a financing arrangement where a service provider walks to a user and says, “Okay, you do not have the money to do this. I will do it at this cost.” Without testing. That is what we should be talking about. This is a financial instrument."
}