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"id": 267509,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/267509/?format=api",
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"type": "speech",
"speaker_name": "Mr. Keynan",
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"speaker": {
"id": 41,
"legal_name": "Adan Wehliye Keynan",
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"content": "As much as we want to protect and as much as we want to talk about this and I started with a prelude that, if this does not constitute economic crime as defined by the UN and our own Economic Crimes Act, Section 45, what else constitutes crimes against the people of Kenya and against the people of the world? These are the very issues that the Donde Bill attempted to address. These are the very issues! One of the pillars of Vision 2030 - and I want to refer this to hon. members and this is not something that Mr. Kimunya can dispute - is low interest rates. One of the pillars of Vision 2030 is low rates. The others are social development, economic development and political development. Under economic development, there are macro- economic policies and under it is no interest regime. By any definition and this is one thing that my colleagues have to get; interest regime is a tool used by any regime to spar development, control inflation and make sure that interest rates go beyond manageable levels. With an interest rate of 32 per cent, this country is ripe for regime change. All of us have failed! We have made Kenyans paupers. We have reduced Kenyans to squatters and to a floating nation. Many Kenyans and I think quite a number of you have heard this, particularly in the middle class, that people have committed suicide because they are not in a position to service their loans."
}