Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1503089,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1503089/?format=api",
    "text_counter": 329,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "The nominee exhibited a clear understanding of the current issues affecting the Central Bank of Kenya and shared practical strategies to address these issues. Additionally, he demonstrated a satisfactory understanding of the Central Bank of Kenya's mandate and extensive knowledge of payment systems, monetary policy, and risk-based supervision. The nominee also emphasised the need for adaptive regulatory frameworks for emerging technologies such as fintech, digital currencies, virtual assets, cryptocurrency and blockchain technology. He advocated for robust internal controls to prevent financial fraud. He highlighted strategies to ensure effective monetary policy implementation and address challenges such as high non-performing bank loans. The Joint Committee, having conducted approval hearings of the nominee regarding his stability, observed that due process was followed in his nomination in accordance with Article 153 of the Constitution, as read together with Sections 3 and 5 of the Public Appointments (Parliamentary Approval) Act, 2011, and Section 12 of the Competition Authority Act of 2010. Therefore, the Joint Committee recommends that this honorable House approve the nomination of Mr Gerald Nyaoma Arita as the Deputy Governor of the Central Bank of Kenya."
}