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{
    "id": 579073,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/579073/?format=api",
    "text_counter": 154,
    "type": "speech",
    "speaker_name": "Hon. Musimba",
    "speaker_title": "",
    "speaker": {
        "id": 1804,
        "legal_name": "Patrick Mweu Musimba",
        "slug": "patrick-mweu-musimba"
    },
    "content": "Even in the large banks you do not get to see the core decision-makers when you are interacting with screens, which are tell you that this is what your capital ratio is and this is what we are charging. The advantage of having smaller banks within is that you will relate with the CEOs, discuss the immediate needs, get advisory services, and learn about licenses that are within the Capital Markets Authority (CMA). We have seen an active sector which has compelled the bigger banks to get a multiplicity of CMA licenses in the areas like insurance, banking and revenue assurance, which have greatly aided their pool of advisory services available to individual investors. This propels the growth of businesses, especially small and medium enterprises (SMEs), which are instrumental. They contribute to over 80 per cent of the revenue that this country rides on. The listed companies in Kenya contribute less than 10 per cent of what we collect in taxes annually."
}