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{
    "id": 431915,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/431915/?format=api",
    "text_counter": 162,
    "type": "speech",
    "speaker_name": "Hon. Nyenze",
    "speaker_title": "",
    "speaker": {
        "id": 1987,
        "legal_name": "Francis Mwanzia Nyenze (Deceased)",
        "slug": "francis-mwanzia-nyenze"
    },
    "content": "Hon. Speaker, thank you for giving me this chance to contribute on this Bill; the Public Finance Management (PFM) (Amendment) Bill, 2014. I stand to support this Bill for one reason, that it makes borrowing for this country easy, possible and it has put safeguards. But there are a few amendments that I would like the Committee to consider so that we fine tune it and protect Kenyans from losing money through things like Anglo Leasing. The amendments that I want to bring will ensure transparency in loan taking. Clause 3 proposes amendment to Section 57(c) and (d) which will reduce accountability especially since the proceeds of the external loan can be used to pay suppliers from outside Kenya and financial intermediaries. We are talking about Anglo Leasing and I am very happy that the Deputy President, the President and the Leader of Majority Party have come out very strongly to say that we will not, we cannot pay and we shall not pay Anglo Leasing. I am sure across the divide, that is the point and we will not pay and we will not support it because it will be a big rip off! I just want to say that Clause 3(c) is where companies especially from some countries we have seen in the recent past organize for external financing and when they are awarded contracts, sometimes those tenders can be inflated. We have to make sure that Clause 3(c) is amended so that there are proper safeguards so that Kenyans do not lose money. Clause 3(d)---"
}