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{
"id": 327067,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327067/?format=api",
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"type": "speech",
"speaker_name": "Mr. Linturi",
"speaker_title": "",
"speaker": {
"id": 69,
"legal_name": "Franklin Mithika Linturi",
"slug": "franklin-linturi"
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"content": "Mr. Temporary Deputy Speaker, Sir, it is with a lot of pain that I will have to oppose Mr. Midiwo. The reason is that unfortunately Kenya is a capitalist country. If it is so, we have people who have had to sweat to raise money to invest in banks. If we allow this to happen, we will be discouraging investors. I believe in fair competition. These banks can compete amongst themselves, and can offer the best rates to whoever wants to open an account. I feel that if we take this line, we will be creating serious disadvantage for the people of Kenya. Even if we are talking of Government owned banks, the majority of the shareholders are Kenyans, who are investors. The Government has a responsibility to provide us with an enabling environment for everyone to do business; it would not be in order for us to allow this kind of an amendment. I oppose."
}