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{
    "id": 272989,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/272989/?format=api",
    "text_counter": 335,
    "type": "speech",
    "speaker_name": "Mr. Kioni",
    "speaker_title": "",
    "speaker": {
        "id": 49,
        "legal_name": "Jeremiah Ngayu Kioni",
        "slug": "jeremiah-kioni"
    },
    "content": "Thank you Mr. Temporary Deputy Speaker, Sir, for the opportunity to speak to this Report. I want to start where Ms. Martha left; that it is actually a wakeup call to the Government. To me, this is also a wakeup call to the Committee on Finance, Planning and Trade because the Committee is the one that is charged with oversight to the banking industry. We want them to be more robust than in the past because if they had been as robust as this Committee, then perhaps we would not have been where we are, where the interest rates seem to have gone through the roof. I want to commend the select committee led by the chairman, Mr. Adan Keynan; one, for the boldness with which they took up this assignment and two, for the foresight that they had. It is because of what they did that the decline of the Kenya Shilling and the high interest rates have started coming down. Mr. Temporary Deputy Speaker, Sir, I want to thank them and also ask that the Committee on Finance, Planning and Trade takes up this exercise from where the select committee stops so that we do not see this going back. In my opinion, this report has not been mutilated it was just a question of amendment. It was important that we remove the focus from an individual and address the policy issues that have affected the banking or financial sector. These are contained in this Report. As others have said before, it is important that we do not lose those recommendations because they will help the financial sector in stabilizing and also in ensuring that we, as a country, benefit from it as opposed from them just reaping huge profits from us. Mr. Temporary Deputy Speaker, Sir, this Report has also generated some interests and some controversy here and there. It started with allegation that some core pages of the Report had been plucked out by the Clerk’s office; an allegation that was proved wrong and false. There was also allegation that the tallying had been doctored; again, an allegation that was proved to have been false. I think it is important to be clear in our contribution so that we do not personalize issues. We should debate them as they come to the Floor."
}