Entry Instance

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

{
    "id": 573974,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/573974/?format=api",
    "text_counter": 103,
    "type": "speech",
    "speaker_name": "Hon. Korir",
    "speaker_title": "",
    "speaker": {
        "id": 1356,
        "legal_name": "Wesley Kipchumba Korir",
        "slug": "wesley-kipchumba-korir"
    },
    "content": "I will give an example that will make it really difficult for foreign and local companies to compete. If we allow foreign companies to come and compete with local companies it will be disastrous. You will find a company coming from China or the USA where it can go to a bank and borrow a loan at 3 per cent interest rate competing with other companies locally which have to go to a bank and borrow a loan at 18 per cent interest rate. This is the case and yet these companies have to repay the money that they had borrowed from the banks. Whom do you think will have the highest bidder in any construction? It will be the foreign company that is the lowest bidder because it does not have to make a lot of money from that construction project to repay its loan. We need to find a way so that as our economy grows, we give priority to our local companies. If that will not happen, then let us make sure that we include in this Bill that for a 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."
}