Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 213210,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/213210/?format=api",
    "text_counter": 290,
    "type": "speech",
    "speaker_name": "Mr. Twaha",
    "speaker_title": "",
    "speaker": {
        "id": 145,
        "legal_name": "Yasin Fahim Twaha",
        "slug": "yasin-twaha"
    },
    "content": "People get work through magazines, modelling, fashion designers and those sort of things. Mr. Temporary Deputy Speaker, Sir, another thing is that we have to lower interest rates so that people can have access to credit to develop the country. We are not going to have jobs unless we have extra production. Production is land, labour and capital. We have ample and qualified labour. There is land, but it needs to be developed through irrigation, accessibility and such things. Security needs to be provided in those marginal and semi-arid areas. Capital has to be accessible by all people. When this Government took power, it was able to reduce interest rates up to 1 per cent or 2 per cent of Treasury Bills. But now, it has gone up again. The interest rates on Treasury Bills is subsidising commercial banks which are, all the time, declaring very big profits! It is the Kenyan people who are paying them those subsidies. Instead of subsidising commercial banks, we should subsidise our farmers, tourism and other production sectors. That is because banks are only parasites who \"eat\" interest from people without doing anything. Mr. Temporary Deputy Speaker, Sir, if you have a hotel today and it has empty rooms, you will sleep in those empty rooms. But a bank with idle funds takes them to Central Bank of Kenya and then it is paid overnight interest."
}