Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 444525,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/444525/?format=api",
    "text_counter": 229,
    "type": "speech",
    "speaker_name": "Hon. Waweru",
    "speaker_title": "",
    "speaker": {
        "id": 1378,
        "legal_name": "Dennis Kariuki Waweru",
        "slug": "dennis-kariuki-waweru"
    },
    "content": "I have been listening to Members contributing on the benefits of Euro Bond and it is important for us as a country to look inwardly and start appreciating the kind of country we have. We have seen investors out there expressing a lot of confidence in our country and putting in money in our country in excess of US$8.9 billion. I am not sure that some of these reputable investment banks obviously have internal mechanism of being able to do their due diligence. So, it is very unfortunate for us, as politicians sometimes to doubt when we hire world class experts in financial advisory services. I am sure J.P. Morgan could have done due diligence. I am sure that they must have done their KYC to be able to conform to different financial regulatory environment that they operate in. So, for us to allege that some of this money is dirty money from the foreign accounts is very unfortunate especially after we have seen the confidence those investors have expressed. It is important that we realize the benefits of raising money out there. One of the biggest benefits is benchmarking for our local companies. Any company in Kenya can access the financial markets of the world not to mention credit rating and other benefits. I am sure hon. Mbadi could also be a beneficiary of some of these initiatives. I am sure if has a mortgage then it could be cheaper to service it than before. So, we are all winners in this matter and we appreciate. We hope the Government of Kenya will consider externalizing our domestic debt. Even this financial year we could look at the possibility of doing another bond, maybe, an Islamic compliant bond so that we access cheaper financing for the benefit of all Kenyans. With those few remarks, I beg to support. Hon. Speaker: Hon. Members, you will allow me to follow the list. I notice that there are very many requests. Some of you who may have been here for some time, but you decided to take your time before you make requests. So, you must allow yourselves to suffer the consequences of your indecision. So, I will follow the list of people as they put their requests here. 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."
}