Entry Instance

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

{
    "id": 1507145,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1507145/?format=api",
    "text_counter": 193,
    "type": "speech",
    "speaker_name": "Sen. Okenyuri",
    "speaker_title": "",
    "speaker": null,
    "content": "I would like to comment on what the Senate Majority Leader, Sen. Aaron Cheruiyot, was mentioning about repayment of Higher Education Loans Board (HELB) loan. I admit that initially when I was jobless, it took me a very long time to repay the HELB loan. As a result, so many other students who are looking up to such allocations were not able to benefit. However, I am fortunate that I completed that obligation and I can walk free knowing I am aiding several others needy Kenyans to study and benefit from HELB loan. Finally, I wish to also highlight money laundering. That is one of the major issues we have as a country. If we have several inlets where such money is coming in and the Central Bank of Kenya (CBK) is not able to monitor, then we will still be having the issues we are talking about. One would wonder why am I bothered about money laundering yet the money is not being stolen. It is because it ends up affecting people who are doing genuine business. That is why people are even opting to join cryptocurrency. For your information, people who are trading in cryptocurrency are making more profit than those putting money in the bank. That is why several young Kenyans are trading in cryptocurrency. You can either put your Kshs10,000 in the bank or you may opt to invest it in cryptocurrency. By the end of the month, you will have more than a Kshs30,000 profit in cryptocurrency. That is for a beginner. We need to think about such questions when we want to go to the line of regulating. If Kenyans or young people are opting for cryptocurrency and leaving our existing banking systems, then we need to seriously think about where we went wrong and try to make the environment conducive to encourage most people to get into the banking system so that we can generally thrive as a country. I support this Report and wish Mr. Gerald all the best as he executes his mandate. I see Sen. Cherarkey is trying to communicate with me. I am not supporting him because he is from my region of origin but because he is a qualified Kenyan whose merit has been observed. We have seen from what the Committee has highlighted and this is what we need to see. It will encourage several other young people who have qualifications to put themselves up for some of these positions. I thank you."
}