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{
    "id": 327043,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327043/?format=api",
    "text_counter": 781,
    "type": "speech",
    "speaker_name": "Mr. C. Kilonzo",
    "speaker_title": "",
    "speaker": {
        "id": 46,
        "legal_name": "Charles Mutavi Kilonzo",
        "slug": "charles-kilonzo"
    },
    "content": "Mr. Temporary Deputy Chairman, Sir, we need to be very sober. In the first place, we are saying that a public entity shall open and operate bank accounts only in a bank or financial institution where Government has a shareholding. We only have three such banks in this country. Look at the kind of businesses that some public entities are doing. The Kenya Airports Authority (KAA) is borrowing Kshs56 billion not from a local bank like Kenya Commercial Bank (KCB). The KAA must have an account with the bank they are going to borrow from. So, on that basis alone, this amendment is out of question. Secondly, let us not legislate based on the fact that a local bank like Equity Bank has succeeded and we seem to be very bitter about it. Tomorrow, there will be a local bank in Kisumu. Assuming that the Government will be from somewhere else, are you going to be that bitter and bring here legislation based on that bitterness? Thirdly, and which is most important, some of these public entities have already-- -"
}