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{
    "id": 558342,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/558342/?format=api",
    "text_counter": 621,
    "type": "speech",
    "speaker_name": "Hon. Abongotum",
    "speaker_title": "",
    "speaker": {
        "id": 165,
        "legal_name": "Asman Abongutum Kamama",
        "slug": "asman-kamama"
    },
    "content": "Looking at the CV and the experience of the Governor nominee, he has all the qualifications required to be a Governor. Looking at his experience in the United States of America (USA) where his position is equivalent to the Chairman of the Federal Reserve Bank in the USA where we had very experienced economists like Alan Greenspan and Bernard Shalom Bernanke who did a marvellous job in that country, I hope that Dr. Ngugi will replicate the experiences of those Governors who did a good job in USA and specifically deal with credit that is very expensive in this country. It has become a disincentive to Kenyans who want to do business. He must, as a matter of priority, deal with the issue of the high interest rates. They should come down. If you go to some parts of America and Europe, you will find that interest rate on credit is between 3 per cent and 5 per cent."
}