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"id": 301610,
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"type": "speech",
"speaker_name": "Mr. Midiwo",
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"speaker": {
"id": 184,
"legal_name": "Washington Jakoyo Midiwo",
"slug": "jakoyo-midiwo"
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"content": "We are also going to be moving an amendment to the Finance Bill to make sure that all Government money that is meant for the poor goes to Government controlled banks under the rules that are established by this House. We realize that it is a long journey, but we shall win this war against the banks as it was won in Brazil recently. We understand the issues. They will not hoodwink us. We want the Kenya Commercial Bank, because it has the infrastructure, to hold the funds. The Government cannot say that it is not in the business of controlling interest rates because it has already prescribed that the youth and women funds cannot be lent out at more than eight per cent. So, why can the KCB not do it? Why can the NBK not do it? Why can the Consolidated Bank not do it? They should then go out and buy all these other loans from foreign banks, which have come here for the sole purpose of exploiting our people. They are here to exploit. They are not our brothers and sisters. They are thieves who are milking our economy. We will do that, so that we can help our people; our people look up to us. We will be going that direction immediately."
}