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{
    "id": 193388,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/193388/?format=api",
    "text_counter": 187,
    "type": "speech",
    "speaker_name": "Mr. Munya",
    "speaker_title": "The Assistant Minister for East African Community",
    "speaker": {
        "id": 279,
        "legal_name": "Joseph Konzolo Munyao",
        "slug": "joseph-munyao"
    },
    "content": " Mr. Speaker, Sir, if those proposals were there, there would be no Equity Bank. This bank has revolutionised banking in this country. We should not close the window that will allow Africans to enter the banking sector and enable the multinational banks to control the banking sector. We know what was happening in the banking industry before the entry of Equity Bank. Wananchi had no opportunity to get banking services until the Equity Bank, and other small banks, came in. Even as we look for the opportunity to raise the core capital, we need to raise it to a reasonable level. Raising it from Kshs250 million to Kshs1 billion is unacceptable! Thank you, Mr. Speaker, Sir."
}