Entry Instance

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

{
    "id": 507034,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/507034/?format=api",
    "text_counter": 387,
    "type": "speech",
    "speaker_name": "Hon. Kabando wa Kabando",
    "speaker_title": "",
    "speaker": {
        "id": 31,
        "legal_name": "Kabando wa Kabando",
        "slug": "kabando-kabando"
    },
    "content": "We need to realize that Central Bank already has initiated Treasury Mobile Direct, through the Exchequer and also the automated trading system, and appreciate that under Vision 2030 Pillar, we need to encourage a culture of saving money, as already said by hon. Members so that we reach 30 per cent of our GDP. In the last 10 or so years, domestic financing of our national Budget has been incrementally and cumulatively encouraging. We should acknowledge the constitutional obligation of CBK as the sole fiscal agent of the Government of Kenya to expand opportunities for the people of Kenya and to create transparent systems. Therefore, installing electronic transactions for Treasury Bills and Bonds; that is Government’s securities is an obligation. We are proud of the fact that a certificate on Corporate Bond or Government Bond is an instrument to raise optimism and enhance patriotism among Kenyans; it safeguards their ownership as shareholders. It also bridges the gap between those who are in the margins and those in the center. It is a way to lower interest rates in Government and commercial banks lending and to ensure that risk profiling for savers is enhanced and is in tandem with what we need as an economy or as a nation that is capacitating its own citizens. I, therefore, thank all the Members who have given their input. I appreciate that many more would wish to support this Bill and take pride in the fact that our collectivity as a House will bring change that will make our employers and the people of Kenya benefit more. I beg to move."
}