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{
    "id": 496634,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/496634/?format=api",
    "text_counter": 141,
    "type": "speech",
    "speaker_name": "Hon. Nyamweya",
    "speaker_title": "",
    "speaker": {
        "id": 391,
        "legal_name": "Manson Oyongo Nyamweya",
        "slug": "manson-nyamweya"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker for this opportunity. First and foremost, I would like to thank the Heads of State who met and passed this. My concern, however, is that after one year now, the technocrats in Government never took time to meet and bring this up for debate. This is an important issue which has come in time. Members have expressed concern. Even if you pass this Motion today, remember that there are bodies that have been proposed to be entrusted with responsibility of sorting out the issues that we have raised here. We have monetary institutes that handle the issue of setting up the rate of the currency and even a commission charged with the responsibility of surveying, compliance and enforcement of the monetary union matters in the Community. We also have an institution which is responsible for handling statistics and coming up with what is right for the East African countries. We also have the East African Financial Service Commission. So, all the issues Members have been raising will be addressed by these bodies once they are formed. If, as a country, you are strong and then some weak countries join you, then you should celebrate and say, “Welcome, join me”. Already ordinary traders have moved to do trade. You can go to Tanzania and sell goods in Tanzanian Shillings. If you go to the bus stage you have the opportunity to exchange all the currencies of the East African countries there. Our colleagues have said here that when they were in Uganda, our Kenyan Shilling was accepted and it was as if we already have a common market. People have moved on. If we come together in a bigger market, we will explore business opportunities which will enable our traders improve their well being. I am really interested in how the small traders will benefit from this. Therefore, this issue of a monetary union is as popular as “Pesa Mashinani” . If you talked to the ordinary people, that is, those who move around and do trade, they will tell you about their challenges. Talk to people who 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."
}