Entry Instance

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

{
    "id": 493563,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493563/?format=api",
    "text_counter": 264,
    "type": "speech",
    "speaker_name": "Hon. Abongotum",
    "speaker_title": "",
    "speaker": {
        "id": 165,
        "legal_name": "Asman Abongutum Kamama",
        "slug": "asman-kamama"
    },
    "content": "with some saving – I agree entirely with what hon. Nyenze has said – and you trade in and get a lot of money by just sitting down and thinking. I was reading one of the magazines about one of the investors in Centum who made Kshs5 billion in five minutes. Therefore, it is flabbergasting to see people make money without sweating, but thinking smart. That is the context. Hon. Temporary Deputy Speaker, I want to agree with hon. Nyenze that Kenyans must be told or taught to save money. In Africa and in Europe, the saving culture is not there. The Chinese, Asians and Koreans save between 50 to 56 per cent of their total monthly or annual income. In Korea, people are being advised to go and enjoy themselves in Africa. They are advised to go to the beaches of Zanzibar, Mombasa and enjoy themselves. They have a lot of idle money which is normally used by Government to trade and do A, B, C and D. Therefore, we need to teach our people how to save. In Kenya here, I do not know how much we save. I think people save something like 5 per cent and they consume the rest. The culture of saving needs to be inculcated in our people. Of course, you will know that, if you go to Europe and America – and my good friend, hon. Oyugi has been in America for very many years - people just go to the bank, sign and come to Africa. That is something that we really want to encourage. Therefore, the culture of saving must be encouraged. On the issue of analysis, we need to be told the truth. I am happy that one of the financial consultants who serve in my Committee - the hon. Leader of Kalaus Party, the hon. Dalmas Otieno Onyango - is an expert in this area. I am happy that he is here."
}