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{
    "id": 1549939,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1549939/?format=api",
    "text_counter": 218,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "Why should Kenya join AFC? Kenya's economy is growing, but our infrastructure financing gap remains a great challenge. To realise our national goals, whether it is Vision 2030 or our Bottom-Up Economic Transformation Agenda (BETA), we must secure sustainable and affordable financing. Acceding to AFC will provide Kenya with three capital advantages. One is the access to long-term, low-cost capital. The AFC prioritises investments in member States, meaning Kenya will gain access to cheaper and more flexible project financing. Second, it is going to lead to a stronger regional influence. The membership ensures that Kenya has a say in which projects receive AFC funding, which will allow us, as a country, to push for investments that align with our national interests. Third, there will be enhanced private sector growth. Kenyan companies, especially those in infrastructure and energy, will have a direct pathway to AFC funding. That will spur job creation and industrialisation."
}