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{
    "id": 1484962,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1484962/?format=api",
    "text_counter": 224,
    "type": "speech",
    "speaker_name": "Gem, ODM",
    "speaker_title": "Hon. Elisha Odhiambo",
    "speaker": null,
    "content": "More importantly, Hon. Caroli alluded to distinctively separating the entities and the services. If you are a telephone mobile service provider, it would be prudent that your licence should focus on what the licensor has allowed you to do. If it has allowed you to get on the money market, it is important to create a level playing field. If Safaricom or Airtel, for example, is charging mama mboga for using Fuliza or Airtel Money at 16 per cent, the banks should also charge a similar interest rate. We must then have a regulation that ensures that the regulator monitors and controls the banks. Yesterday, I read in the newspapers that the Central Bank of Kenya (CBK) has reduced the base interest rate, but the commercial banks have not reduced their interest rates. The banks The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}