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{
    "id": 435138,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/435138/?format=api",
    "text_counter": 357,
    "type": "speech",
    "speaker_name": "Hon. Wangamati",
    "speaker_title": "",
    "speaker": {
        "id": 13128,
        "legal_name": "Patrick Wangamati",
        "slug": "patrick-wangamati"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker for giving me this opportunity to contribute to this Bill. As leaders in this country we know that doing business in Kenya has become very expensive. If we have to do business and compete with other business people--- When you go to our banks in this country, interest rates are very high. It also becomes very difficult for an ordinary Kenyan to get facilities from banks. It is high time, as the Chairman of the Finance, Planning and Trade Committee has said, the Committee came up with a workable method that we can approve here in House, and enable the Government to deal with agencies overseas. Hon. Temporary Deputy Speaker, we have micro-finance institutions, and you find that some agencies outside are prepared to release money to them; who can give a letter of credit for this? It is difficult to obtain this letter; it is difficult for us to move fast. Hon. Temporary Deputy Speaker, when we look at a country like Rwanda, we automatically conclude that our experts in this country are not taking us seriously. This is a country which has been in problems but it is ahead of Kenya in money borrowing matters. I want to support this Bill, so that the country can move forward and experts can start planning for this country well. I support."
}