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{
    "id": 1511960,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1511960/?format=api",
    "text_counter": 331,
    "type": "speech",
    "speaker_name": "Buuri, UDA",
    "speaker_title": "Hon. Mugambi Rindikiri",
    "speaker": null,
    "content": " Hon. Temporary Speaker, I am concerned about the new entrants, and those who would like to start a business. If we are going to legislate and come up with a law that takes a certain volume of capital, and there are new up-coming, we need to think if they will have adequate time to raise that core capital. That is very important. We are not saying that we are going to have 24 banks in Kenya. We need to leave room for others to grow and become very competitive. If we pass a law that will cater for 24 banks, I do not think that we will be doing justice to all those interested in coming up with a business to do with the banking. We have SACCOs which want to grow. I know if we use the same principle of core capital, the small upcoming SACCOs which want to turn into banks will be curtailed from putting up their bid to become bankers in this country."
}