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{
    "id": 1549955,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1549955/?format=api",
    "text_counter": 234,
    "type": "speech",
    "speaker_name": "Kilifi North, UDA",
    "speaker_title": "Hon. Owen Baya",
    "speaker": null,
    "content": " I support this Motion on the ratification of the agreement for the establishment of the African Finance Corporation (AFC). As a country, for many years, we have relied on many multilateral and bilateral agreements and financing to spur development and growth. The multilateral agreements have been with institutions outside Africa such as the International Monetary Fund (IMF) and Inter-American Development Bank (IDB). In 2007, a key institution was established in Africa and it can help this country grow without necessarily getting money from outside the Continent. Africa is a very rich Continent. It is rich in such a way that, if we put our resources together and pull together as a Continent, we can finance our projects. We can get the money we need without having to go to China, the Bretton Woods institutions or other institutions. We can get funding and resources from inside Africa. Kenya has not ratified the treaty to become a member of AFC. The 13th Parliament that we sit in has the singular honour to ensure Kenya joins other nations within Africa on AFC. As stated ably by the Mover of the Motion, membership has certain advantages. Kenya is one such country that should have a say in the African Continent in a big way. Therefore, ratifying this treaty will enable Kenya to continue having stronger regional influence. If this Parliament approves the ratification of this treaty, Kenya will continue being a giant nation that can The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}