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{
    "id": 1563174,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563174/?format=api",
    "text_counter": 314,
    "type": "speech",
    "speaker_name": "Sen. Tabitha Mutinda",
    "speaker_title": "",
    "speaker": null,
    "content": "region that I came from. If we look at the fact of birth, it is one thing. It is the same way you were born in Kakamega County and you represent the great county of Nairobi City. Mr. Deputy Speaker, Sir, I was addressing the issue of the Central Bank of Kenya (CBK) rates. There has been delay in the Governor of CBK ensuring that the rates that they have proposed are implemented in the different banks. The rates do not apply, yet this is the mandate of the Governor of CBK. So, these are the questions that we were able to bring out to these nominees as far as ensuring that CBK ensures implementation of the interest rates that they have proposed. When it came to the expertise of the young man, David, on matters ICT, I inquired on what he would offer so that we can reduce or bring to zero percentage the issue of fraudulent withdrawals in the different banks as we have seen happening. He was able to bring out quite different aspects on how the system can be managed. These are not things I would want to put on record, but they sounded well that, if the CBK can have that input, they can pick on what this ICT expert was communicating. Moving forward, these are cases that we look forward to having totally reduced. As I finalise, policies are in place, but the implementation is a problem. An institution like the CBK should ensure that there is adherence to the policies that have been set. We expect this Board to speed up on addressing the issues that have been raised, both at the national level and even in Parliament, and also keep a constant review of the performance of the banks. Most of these issues have been raised in the Committee that I serve We have banks that have closed down previously, and others that have merged. There are banks whose senior management are from different parts of this world and they are not able to resonate with the local market in this country. It affects the business of those companies, and loans become a challenge, depending on how this market is addressed With those remarks, I would like to thank the Secretariat and Members from the National Assembly and the Committee on Finance and Budget that we worked very closely with to undertake this process. I beg to reply and request that putting of the Question be deferred to a later date pursuant to Standing Order No.66(3). I thank you."
}