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{
    "id": 319526,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/319526/?format=api",
    "text_counter": 314,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Trade",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Deputy Speaker, Sir, like I said, the House unanimously adopt the amendment that was proposed within the Finance Bill by Mr. Ogindo and we passed it as a House and created the position of chair plus two deputy governors. We also said that the chair will be in charge of board matters, et cetera, and the Governor will be in charge of the other day to day operations of the bank. However, what was left missing was: How will this chairman be appointed? The President could well appoint the chairman even tomorrow by just picking one person and saying: “You are the chairman of the CBK.” This is because it says the chair shall be appointed by the President but the mood of the House was that all appointments shall be made through a competitive process. This is the essence of the amendment that is coming in Section 2(a) to say that the chairperson should be appointed by the President through a transparent and competitive process and with the approval of Parliament. That is basically describing who will be involved in the appointment of the chairman that Parliament said should be created within the CBK Act through the amendment that was already passed by this House. I think the other thing that was left out and which has created some problems within the CBK as of now is that having agreed that there shall be a chairperson who will be chairing the board, it was then not stated until that person is appointed or in the absence of that chairperson who else can chair the board. The second amendment at"
}