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{
    "id": 1502324,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1502324/?format=api",
    "text_counter": 241,
    "type": "speech",
    "speaker_name": "Navakholo, ODM",
    "speaker_title": "Hon. Emmanuel Wangwe",
    "speaker": null,
    "content": "to a shilling that was rising. We do not give gratitude to the past but the present. It is in order to applaud the President. He is doing something for the Kenyan Shilling. That is why we have it at that position. On inflation, many economists have put it that it is in doubt. They want to look at the figures responding from different positions. However, also Kenyans have a right to look at what is happening today. There is shift in food supplies. At what price are we acquiring food? We must appreciate the President on this. The inflation quoted here is responding to the actual cost of food on shelves. A gorogoro of maize used to go for Ksh200 or Ksh180 in my constituency. It is going for Ksh100 shillings. That automatically means anyone who has Ksh100 can acquire that meal at that time. Kenya should give those who have a different view on the economics of inflation another time to look at the model on how to compute inflation. The economics should also face practical appearance rather than theory. Allow me to commend the President on foreign exchange reserves. It is not a mean achievement to have a 4.8 months reserve. Should we be blocked from importation, God forbid, it means our country can survive with our forex reserves for the next 4.8 months. That means Kenya is not just a small economy. We are an economy on the rise and move. We will definitely know where we are when we look at our brothers in the neighbourhood of the East African region and measure ourselves against them. Without mentioning friendly nations, this is a good position that gives Kenya a headway in running any foreign trade. I applaud the President on his comment and actions in the sugar sector. The Leader of the Majority Party mentioned the sugar law that has just come into force. The President mentioned 17 factories and the production of 84,000 metric tonnes against our consumption of 40,000 metric tonnes. That means we can stock about 44,000 metric tonnes every month. We can carry that forward in the event factories undergo maintenance. I thank the President for appointing Hon. (Eng.) Gumbo as the Chairman of the Kenya Sugar Board under the new law. Everyone in this House knows him. He is a strong person who has been the Chairman of the Public Accounts Committee in this House. He is a man who can lead this organisation to the next front. As the Sponsor of the Bill and now law, I am proud that the President appointed the right man to take the industry to the next level. Hon. Gumbo is a no-nonsense person. He will take the sugar sector head on. He is capable of handling any challenge. I only caution millers to stock and have enough reserves, especially during factory maintenance. We do not want to see a situation where, when it approaches factory maintenance, factories turn to farmers and pretend they cannot sell so that they gag the Sugar Board to make more importations. We do not want to see that, now that we are producing enough good sugar."
}