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{
    "id": 493544,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493544/?format=api",
    "text_counter": 245,
    "type": "speech",
    "speaker_name": "Hon. Nyenze",
    "speaker_title": "",
    "speaker": {
        "id": 1987,
        "legal_name": "Francis Mwanzia Nyenze (Deceased)",
        "slug": "francis-mwanzia-nyenze"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker. Hon. Duale always wants to cause trouble for me all the time! I thank you for saving me. I stand to support this Bill because it is very good and timely. This is the time when many investors are salivating to invest in Kenya. Currently, there is no formal recognition of qualified certified securities and investment analysts (CSIA) in Kenya, notwithstanding that courses and professional exams are offered in Kenya for aspiring Kenyan professionals. Lack of professional recognition of CSIA qualifications by the Kenyan Government puts Kenyan trade professionals at a distinct disadvantage in the Kenyan job market. This Bill, therefore, seeks to provide a formal recognition of those professionals as provided for in Part 3 of this Bill, and that is why I support it. This Bill also seeks to establish the Institute of Certified Security Investment Analysts as a self regulating professional institute in Kenya, which is seen in part 2 of the Bill. I am convinced that the formal recognition of both the internationally recognized CSIA and safe-guarding professional institute in Kenya will redress the imbalance in the job market. I am sure this will deepen the financial services sector by creating more job recognition and, therefore, the opportunity for Kenyans who are trained as securities and investment professionals. As the Kenyan capital market deepens, there is a growing need to have professionals to manage their new products and the products being introduced in the market and to expand the market. In Kenya, the main qualification for which securities and investment professionals train is the CSIA qualification. This is offered in 20 colleges and universities. Over 350 graduates are in the market to date and over 2,000 students are currently in different levels of the course. I want to say that this Bill, which is being debated, has come at the right time when Africa is experiencing---"
}