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{
    "id": 1493348,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1493348/?format=api",
    "text_counter": 189,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": "When you travel outside Kenya to any region in the world, you are likely to get the best professionals being people from Kenya. This is not just in politics. If you go across Africa, everywhere we have had reset of economies, for example in Rwanda, you will find Kenyans. Currently, Ethiopia is setting up its financial market, and you will find that it is Kenyans who are doing the work. I also want to take this opportunity to congratulate the 45th President and 47th President- elect of the United States of America, Hon. Donald Trump. If you go through history, Republicans are always better in terms of policies concerning Kenya, Africa, and the entire global south. What the global south economies like Kenya will need is not tokenism, but a thriving world economy, and that only happens when the USA is responding. I want to be empirical. The previous administration had to raise the interest rate 11 times consecutively, from barely 0 per cent to 0.5 per cent and 5.25 per cent. This may sound like jargon, but the ramifications are here in this Parliament. When we allocate money, we may find out that we are allocating a lot of money for debt. Some of this money allocated for debt service is based on the interest rate, and the interest rate in the Federal Reserve also percolates to our own capital markets. It is usually said that when the economy of the world sneezes or coughs, the other economies catch cold. I want to believe that going forward, the USA will be more responsible in the exercise of its power, especially given the fact that its currency is the global reserve. Hon. Temporary Speaker, yesterday after the win, we saw the markets across the world respond. We saw Dow Jones and global markets respond positively because every person in the world knows that Republicans are better for the economy of the world and the global south. We look for very good…"
}