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{
    "id": 3681,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/3681/?format=api",
    "text_counter": 526,
    "type": "speech",
    "speaker_name": "Mr. Namwamba",
    "speaker_title": "",
    "speaker": {
        "id": 108,
        "legal_name": "Ababu Tawfiq Pius Namwamba",
        "slug": "ababu-namwamba"
    },
    "content": "Madam Temporary Deputy Speaker, this Bill is long overdue. Again, I do believe that by the Deputy Prime Minister and Minister for Finance bringing this Bill, it is part of the very drastic reforms we have witnessed at the Treasury in the recent past. One, of course, is aware that for an economy to grow and remain stable, you need confidence; confidence of not only the biggest investor who may want to put his or her money in the economy, but also the smallest investor or the smallest player in the whole economic matrix who wants to be confident that if he or she puts his or her Kshs100 in any financial institution, that money is safe. Because of the vagaries of the unknown, should anything happen, then I have comfort that my investment or my savings have a certain level of security assured in law. Madam Temporary Deputy Speaker, I also support this Bill, appreciating and recognizing the serious challenges this country has experienced in the past where financial institutions ran into strong head winds and some even went under. Those who had put their hard earned money in these institutions were left high and dry. So, I want to thank the Minister and I hope that when this Bill is enacted and actualized by this House, it will go a long way in helping to make the entire financial sector in this country better, more secure and will engender confidence in anybody who wants to put their money in circulation in this economy. Madam Temporary Deputy Speaker, with those remarks, I support."
}