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{
    "id": 1549995,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1549995/?format=api",
    "text_counter": 274,
    "type": "speech",
    "speaker_name": "Yatta, WDM",
    "speaker_title": "Hon. Robert Basil",
    "speaker": null,
    "content": "connectivity. Telecommunication is also another area where we are struggling. Through Africa Finance Corporation, we will get low-cost loans to support infrastructure development. Another important area is to support long-term financing which will revive the economy and support development holistically in the country. Another key reason which explains why I support this Motion is job creation and industrialisation. Through Africa Finance Corporation, many of our local sectors like energy and telecommunication will be revamped or revived. As a result, jobs will be created. There will also be support to local businesses that will create jobs for many of our youths who are still struggling with unemployment. Like I said at the outset, it is important to support regional integration and trade. This can only be actualised by Kenya joining Africa Finance Corporation, so that it becomes part and parcel of the 43 States that have already joined. The BRICS countries—Brazil, Russia, India and South Africa— are giving an alternative to the World Bank and IMF. Therefore, Africa Finance Corporation will be a force that will basically be championed by Africans to advance their interests. Before I rest my case, as much as we also want to support our country joining Africa Finance Corporation, it is important to underscore that all the money that we are going to borrow must be used prudently to avoid a situation where we will incur more debts and yet, we cannot see the value of the money we have borrowed. With those few remarks, I support the Motion and submit. Thank you, Hon. Temporary Speaker."
}