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{
    "id": 493586,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493586/?format=api",
    "text_counter": 287,
    "type": "speech",
    "speaker_name": "Hon. (Dr.) Pukose",
    "speaker_title": "",
    "speaker": {
        "id": 1458,
        "legal_name": "Robert Pukose",
        "slug": "robert-pukose"
    },
    "content": "challenge. You will find that, more often than not, people have invested in some securities firms which have collapsed with peoples’ investments and those could be life savings. When we are blaming Kenyans for not being able to save, it is because of the fear of the unknown. Kenyans fear that if they go and invest in a certain company, it may collapse soon and go down with their investments. That is because that has happened over a period of time. If we can regulate that industry, where somebody who is a security or investment analyst is registered and we can be able to know whether he or she is qualified, that will be good. What are the minimum qualifications for them to be registered? Do we have a board to monitor those people? If it is there, then I think we will be going the right way. That is because when I go to NSE to invest my money, I want to be assured of making profits. Right now, and for the last few years, many Kenyans fear to go to NSE to invest. That is because they do not know how to invest. There are people who have invested - and I am one of them – who find that their investments are lying idle for a period of years. They wait to see whether the market price is going to increase and it might take a long time before they realize profits. So, they fear. Do I need to go back and invest in another kind of company or what happens?"
}