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{
    "id": 472239,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/472239/?format=api",
    "text_counter": 214,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Liboi, Lokichar, Lokitang and even Kibish, you will find a post office. Why can the Government, with the Post Bank backed by the post office network not run the affirmative action funds through these institutions of Government and make money for the Government and for the people of Kenya? When the Kenya Commercial Bank (KCB), Equity or National Bank make money that is much better. However, when Barclays Bank makes Kshs10 billion profit, that is money out of our economy. When Standard Bank makes those billions that is money out of our economy. Once you make your profits if you are an entrepreneur in Kenya, our law allows you to repatriate without any hindrance. When Equity Bank makes money, this is money that goes to the pockets of individuals. However, if Post Bank made money, this would be money into the hands of the people of Kenya. This is money that goes to boost the balance sheet of the Government. This is what we must do. Procurement can be done in the manner that the Bill proposes. Mr. Deputy Speaker, Sir, I think our next level of legislation should be to compel the Government to use this positive and affirmative action funds like Uwezo, CDF and many others and channel them down through public institutions. Post Bank and National Bank as currently constituted still remain public banks. A portion of the KCB, although it is now in the hands of private individuals and investors, is still partly owned by the Government. I would hesitate and, in fact, encourage the Government, being the biggest enterprise that anyone can do business with, has no business bolstering private individuals on very dubious criteria. We have had all manner of public funds. When you check and inquire, you find that the Fund is being run through Equity and Family Bank. We have Government institutions. There is no way that the owners of Equity Bank will share their money with the Government or with anybody. However, when the Post Bank makes a huge profit, the money goes to the Treasury and underwrites free education. It will pay for the laptops that have become a scandal and do many other things in this country that will aspire to give to our people. As you have said, we will give affirmative action in procurement to our youths. I may be repeating what has already been said. One, we need to amend or to create a law to allow the disadvantaged groups to register or incorporate organs for free. The Government can afford that. Any group of youth, disabled persons or women should incorporate a company very quickly at no costs. That is part of the support that we can give."
}