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{
    "id": 1549971,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1549971/?format=api",
    "text_counter": 250,
    "type": "speech",
    "speaker_name": "Nominated, ODM",
    "speaker_title": "Hon. Irene Mayaka",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I also rise to support this Motion, which seeks to ratify Kenya's accession to the agreement for the establishment of the Africa Finance Corporation. This is long overdue because this ratification will give us consent to be legally bound by the decisions and terms of the agreement, and also become a beneficiary of this Treaty. Most Members who have spoken have referred to the current treaty and agreement we have with the AfDB. The AfDB has been very significant for us because it operates under five pillars: 1. Light Up and Power Africa; 2. Feed Africa; 3. Industrialise Africa; 4. Integrate Africa, and; 5. Improve the Quality of Life. Under the Light Up and Power Africa pillar of the AfDB, Kenya is said to have been the highest beneficiary, having received Ksh488 billion. This has enabled us to push one of our key projects, namely, the Last-Mile Connectivity. I have seen the evidence of what that project has accomplished. When the Cabinet Secretary for Energy and Petroleum visited Nyamira County the other day, in areas where the Last-Mile Connectivity was done, there were old women who said that since the day they were born, they had never seen electricity. You can see the direct benefits to Kenyans because of our associations with those financial institutions. The effects are directly felt by those affected. The Committee has also highlighted the utilisation of affordable local financial institutions vis-a-vis relying on the Bretton Woods institutions. Some benefits of this approach include personalised services, community connection, and industrialisation. It also enables us to ensure that the lending flexibility is felt by the local people, unlike the Bretton Woods institutions like the IMF and the World Bank, which have a global view. We need to start thinking about and exploring other avenues for securing financing and donations to the country because we have two gaping holes. One is the ongoing stoppage of donor funds from the USAID. In the morning, the Women Parliamentarians were apprised of the fact that the immunisation of our children is going to be affected because of the diminishing donor funds towards that particular exercise. This is something that is long overdue. It is going to help us ensure that we have that. I look at the countries that have already gone ahead of us and ratified this particular Treaty, and it saddens me. Kenya is thought to be a very forward-thinking country. It is one of the countries in Africa that has the highest literacy rate. Additionally, it is one of the countries that has very serious issues when it comes to infrastructure. We actually need support in this 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."
}