Entry Instance

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

{
    "id": 493430,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493430/?format=api",
    "text_counter": 131,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Thank you, hon. Speaker. As you might have noted, this is a Bill that is being sponsored by my Committee. I want to thank my Vice-Chair who moved the Bill while I was a way. I want also to thank the person who seconded the Bill while I was away. Hon. Speaker, as you might see, this Bill is actually meant to bring the field of Securities and Investments Analysts into an organized profession. This is one of the areas I did generally in my profession; accountancy. Hon. Speaker, this Bill will look at the unique issues of the investment because our economy has grown too fast. It is only recently when we did what is called re-pacing of the economy so that our Gross Product Domestic (GPD) is reflective of what is happening in the economy. As our economy is growing and becoming more complicated, it is only fair that we have professionals who will handle the unique economic issues in our country. That is why in this field; looking at the complexities in financial sector – long time ago, we used to have auditing as the only sector which existed. Maybe there was auditing and accounting. But we have come to a situation where the economy has now grown fast. We enacted the retirement benefits service six years ago because our retirement funds are growing day-by-day. We will require unique professionals to analyze and manage our pension. Hon. Speaker, we will require our professionals to look at the sector of investments in the insurance sector. This country is littered with issues in terms of collapsing investments funds; for instance, Francis Thuo and Ngenye Kariuki Investments the other day. If this Bill had been brought forth, we would not have 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."
}