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{
    "id": 1507109,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1507109/?format=api",
    "text_counter": 157,
    "type": "speech",
    "speaker_name": "Sen. Oketch Gicheru",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Deputy Speaker, Sir, why is it that you are careful if I want to give you experience of Vihiga? Has it become a matter of concern? I assure you that there was no problem. If there were any losses, it was just a lack of individual keenness and responsibility. However, in terms of the event, the way it was organized by Sen. Osotsi and his team, it was marvelous, a representation of what Orange Democratic Movement Party (ODM) as a party is, always, a very organized and high-level Party in the entire continent. That said, I am here to second this Report by Sen. Tabitha. Mr. Deputy Speaker, Sir, this is basically a routine Report because of the fact that once the two Houses canvassed around the presentation of the gentleman, Mr. Gerald, who was forwarded to us for the position of Deputy Governor of Central Bank of Kenya (CBK), it just becomes a routine report. My sister, Sen. Tabitha, has emphasized on the character and presentation of the nominee to the extent that that merits the person that we, as a country, envision to be a member of the Monetary Policy Committee (MPC). As much as going to be a CBK Deputy Governor, he is also going to be a member of the CBK Monetary Policy Committee. I would like to stress on where we find ourselves today as a country, even as we take in new people into the Central Bank. Of course, he is not new in Central Bank, having worked there for over 15 years, but he is going to be new in that role and in the MPC. I would like to stress is that our Central Bank needs more capacity in terms of human resource, to rethink the entire monetary policy at the CBK level. Mr. Deputy Speaker, Sir, the world is currently run by nanotechnology. The world is at a place where financial services have fungible and invisible assets. As a country, we have not figured out our own crypto assets and crypto currency, both regulation laws and frameworks that can make us compete in a global world where these innovative and new technological aspects of financing are coming fast and vast. There are countries that are using technologies like virtual visa cards. We are not there yet, inasmuch as we have made a leap in the M-Pesa revolution, which I was proud that the nominee was among the team that was keen to make sure that M-Pesa works to enable people to exchange money on the interface of a mobile phone. Even though we have made serious strides in the country on the M-Pesa front, we are still lagging behind The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}