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{
    "id": 188032,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/188032/?format=api",
    "text_counter": 193,
    "type": "speech",
    "speaker_name": "Mr. Chanzu",
    "speaker_title": "",
    "speaker": {
        "id": 11,
        "legal_name": "Yusuf Kifuma Chanzu",
        "slug": "yusuf-chanzu"
    },
    "content": "Thank you, Mr. Temporary Deputy Speaker, Sir. I also want to support this Motion, but also with reservations. This is because right now what we are playing about with is the issue of interest rates. Again, it is a matter of playing about with terminologies. If enough ground work could be done in a matter such as this one, it would have been better for us. There is no point of putting up a facility and yet you are not able to move. There is a lot of congestion at the Port, but there is also a lot of business in this country which we can do with other countries which are using our facilities, for example, the Port of Mombasa. However, the road network is not there. The railway system is dead! Moving cargo from Mombasa to Nairobi is a hell of a problem. In the recent past, we have seen trucks from Mombasa to Nairobi being diverted from the highway because certain sections of the road are impassable. Businessmen who use our facilities end up losing a lot of time and their reputation. Mr. Temporary Deputy Speaker, Sir, I suggest that we go ahead, but as the previous speaker said, we need to be carrying out broader studies before we come up with this kind of venture. It is not just enough for somebody to say that he is giving you a loan at an interest rate of 0.2 per cent. By the way, there is no prosperity in borrowing because you accumulate debts. If we can spend our own money, the better. In some of the Votes that might not be brought before this House, you will realise that we are already allocating money to pay debts to some individuals or organisations that we ourselves denied knowing. Whom are we going to pay that money? If you put in the Budget, say, Kshs4 billion that ought to pay Anglo Leasing related debts and yet we said that we did not know who we were dealing with, whom are we paying? 2108 PARLIAMENTARY DEBATES July 24, 2008 Mr. Temporary Deputy Speaker, Sir, in future, we need to involve more Kenyans in these issues. We cannot just say that somebody in Treasury is more knowledgeable than the rest of the Kenyans. We want this thing to be floated so that ideas from Kenyans are put on the table. Even with regard to the Safaricom IPO, there are institutions in this country, for example, banks that made a lot of money overnight. I know of a bank which made about Kshs6 billion just in a matter of handling papers. There are many of them which were involved. In fact, a Question was asked here on that Safaricom IPO. Why did we have to select only four or five banks? Why did we not involve many of them across the board so that if it is a matter of Kenyans benefitting, then many more of them would have benefitted? So, there is a lot of money that we are wasting here ourselves and looking for money outside thinking that, that money is better than ours. So, I support this Motion because of its urgency---"
}