Entry Instance

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{
    "id": 44844,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/44844/?format=api",
    "text_counter": 23,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, it is not easy to quantify the effect of the measures on taxation and the incentives that we have given to investors in terms of taxation. The Member wanted to know the exact effect of this. However, we have put in place several tax measures to assist the investors. First of all, when you invest in Kenya, there is a tax holiday when you are recovering your investment. However, I am unable to quantify the exact impact of that taxation measure. With regard to reining in the banks and their interest rates, as you know, we have a free market where the market forces play a great role in regulating the interest rates. We have the Advisory Committee at the Central Bank of Kenya. However, this Committee only gives guidelines and does not rein in banks as far as interest rates are concerned."
}