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{
    "id": 389484,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/389484/?format=api",
    "text_counter": 157,
    "type": "speech",
    "speaker_name": "Hon. M’uthari",
    "speaker_title": "",
    "speaker": {
        "id": 1576,
        "legal_name": "Joseph M'eruaki M'uthari",
        "slug": "joseph-meruaki-muthari"
    },
    "content": "No, hon. Speaker, Sir. I was going for another business. I was not lobbying. I rise to support the amendment to this Bill. It is a very important Bill because it is going to strengthen the financial sector and it will encourage saving. We are aware that without savings, it is very difficult to develop as a country. One way of ensuring that people have security or they have confidence in the financial sector, is when they are assured that their deposits are well taken care of and they can be paid. So, the financial sector will be strengthened through this amendment and then we are going to have a strong financial sector. As I have said, this is going to encourage investments and will make more Kenyans to put their money in the financial institutions and that way, there will be finances available for investment and for other sectors. So, this Bill is a step in the right direction by the fact that it will strengthen the governance of the institutions or the cooperation which will go a long way in terms of building the confidence and make our country secure. We know that for one to be able to develop, it is not by getting help from other people. The best help is self-help and the best way for us as a country is to strengthen our financial institutions and then encourage our people so that they can have confidence to save money within the country. If they do so and know that their finances are secure, there will be money available for investment and The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}