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{
    "id": 435339,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/435339/?format=api",
    "text_counter": 127,
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    "content": "counsel, clearing systems, listing agents and stock exchanges, rating agencies and other expenses of a similar nature arising from the external loan or external government security.” What this section means if we pass it as a House is that the Government of Kenya will borrow money from outside, be it China and the supplier will be paid by the financing bank in China. The fees and commissions will be paid in China. The next question here is: How do you price the cost if we pass this Bill? So, I urge the House not to support it. I am not standing here because I am in the Orange Democratic Movement (ODM). I am not standing here because I am against the Jubilee Government. I am not standing here for any reason. I am standing here as a Kenyan who is privileged to sit in Parliament and raise an issue which is critical for this House. As a nation we should look at what we are doing. As Parliament we should look at what we are doing. If we pass this Bill the way it is somebody will go to court and it will be nullified. So, hon. Members, let us see what we are doing and the implications it has for the nation. So, for that I am opposing it. However more importantly I want to go to the issue of the Budget. We have said that in the Budget there is a slot for Kshs130 billion to be financed in this financial year. My question is: Is it realistic that within this year we will be able to raise this money? The first issue here is: Do we have an offer from investors as we sit today? The answer is no. We have no offer at the moment. Two, at the moment what is the political environment in which we are? We have got insecurity. South Sudan is insecure. Somalia is insecure. We have got local terrorism here. More importantly the issue of the International Criminal Court (ICC) has not been resolved. So, if you are going to say that we want this money to be borrowed from overseas, it is going to be expensive. It is not going to be cheap because as a country we have internal issues which we need to resolve first. So, this thing is not going to be cheap. The other day when I was contributing to this Bill, I said what this country needs is an external aid policy. We should have a policy statement from which all the activities we want to say about donor funding can flow from. So, we are trying to anchor the foundation of Anglo Leasing. If this House passes this Bill the way it is and we say we are going to get money from foreigners, the first thing those people of Anglo Leasing will do is that they will go to court. Whether this Parliament passes to pay Anglo Leasing or not they will go to court in the international community. The money will be paid. It will be charged before we get it. So, what are we doing in essence here? In Parliament, what we are trying to do is to lay a foundation so that Anglo Leasing deals can be paid. Kenyans are watching what Parliament is doing. They are wondering whether we are a watchdog for this country and whether we want to be in this country because the point I am raising here---"
}