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{
    "id": 496551,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/496551/?format=api",
    "text_counter": 58,
    "type": "speech",
    "speaker_name": "Hon. Wangwe",
    "speaker_title": "",
    "speaker": {
        "id": 2543,
        "legal_name": "Emmanuel Wangwe",
        "slug": "emmanuel-wangwe"
    },
    "content": "Thank you, hon. Speaker. I rise to second the adoption of the Report of the Regional Integration Committee on the establishment of the East African Monetary Union. As you have been made aware by the Chair, I am a Member of this Committee. I participated in the formulation of the Report. In summary, the benefits the Report is bringing to Kenyans are so immense that we cannot afford to miss them. I just want to mention one issue that is very pertinent in this Report. It is the population that it will bring together in terms of what has been achieved from the East African Customs Union and the East African Common Market Protocol. It will bring on board a population of over 120 million people. As you can recall, the cardinal principle in growing an economy is to step up consumption. Once you have taken cognizance of the consumption by the people, you can now set up various industries. You can now meet the payment procedures and set up all kinds of policies that will make the economy prosper. When you look at the Report, it 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."
}