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{
    "id": 1511209,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1511209/?format=api",
    "text_counter": 285,
    "type": "speech",
    "speaker_name": "Gatanga, UDA",
    "speaker_title": "Hon. Wakili Edward Muriu",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I rise to support this Bill with a number of amendments. It is clear that one of the things that the Bill seeks to do is to consolidate financial institutions by bringing in mergers to enhance capital. There is a danger in that. We have seen the challenges of monopoly, especially when it comes to big corporations which become insensitive to pricing. You may have noted over the years that despite Kenyans crying about high interest rates, banks still report billions and billions of shillings in profits. We tried to bring in microfinance institutions to take care of the customers who the commercial banks have rejected. Now, we want to create other giant corporations that are not sensitive to the people. We are missing the point. We are making a mistake regarding the issue of reverse invoicing in terms of tax procedures. We are saying that when a farmer is supposed to sell certain items…"
}