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{
    "id": 579085,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/579085/?format=api",
    "text_counter": 166,
    "type": "speech",
    "speaker_name": "Hon. Wakhungu",
    "speaker_title": "",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "I am also very disappointed because of the amendment of the Banking Act. Increasing the minimum capital requirement for the banks from Kshs1billion to Kshs5billion within that timeframe is completely out of order. I am disappointed because we have been involved in many occasions--- I have met elders from our western region led by nominated Member Mzee Wangamati. They have been trying as much as possible to come up with their own bank. They have tried in the last five years. They have Kshs100,000 and the intention of raising Kshs1 billion. If you are going to increase the capital requirement from Kshs1billion to Kshs5 billion, that will mean that we are going to demoralise the entrepreneurs who want to come in and own a bank. We know very well that when it comes to bank facilities, they are not accessible everywhere. We know that money has been devolved."
}