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{
    "id": 1549940,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1549940/?format=api",
    "text_counter": 219,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "Our quick question is: What does this mean for our finances? Joining AFC requires a capital contribution, though the exact amount will be determined through negotiations. However, it is important to note that this is not a debt burden but rather, an investment in a strong financial institution that has a proven track record. The AFC operates under an international governance framework that ensures there is transparency, accountability and risk management. That structure will protect Kenya's financial interests, while ensuring that AFC remains an effective investment vehicle. Our Committee made the following three recommendations regarding accession to the agreement: 1. Parliament to ratify the agreement to formalise Kenya's membership. 2. The Government must negotiate favourable terms so that we maximise on Kenyan benefits. 3. A structured engagement with the private sector to be necessitated to ensure that Kenyan businesses fully leverage on AFC opportunities."
}