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{
    "id": 570873,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/570873/?format=api",
    "text_counter": 30,
    "type": "speech",
    "speaker_name": "Sen. Muthama",
    "speaker_title": "",
    "speaker": {
        "id": 96,
        "legal_name": "Johnson Nduya Muthama",
        "slug": "johnson-muthama"
    },
    "content": "Thank you, Mr. Speaker, Sir. Kenya is one of the developing countries and Kenyans are still struggling to come to the level of doing business in competition with the rest of the world. You need ten Kenyans to each come up with $5 million to raise $50 million to start a bank. Whoever came up with that suggestion wanted to eliminated the local banks that are owned by Kenyans. One of the best banks in this country today, the Equity Bank, is owned and managed by Kenyans. History is very clear that Mr.James Mwangi started that bank with Kshs50,000 and today, it is one of the best banks. It is wrong to have the big corporate banks come in the market and eliminate Kenyans. I want the Chairperson to consider that and ensure that decision is reversed, as much as we want to be in business and put Kenya where it should be. Thank you, Mr. Speaker, Sir."
}