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"id": 579158,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/579158/?format=api",
"text_counter": 239,
"type": "speech",
"speaker_name": "Hon. (Ms.) Nyasuna",
"speaker_title": "",
"speaker": {
"id": 590,
"legal_name": "Gladys Atieno Nyasuna",
"slug": "gladys-atieno-nyasuna"
},
"content": "find projects where compensation is more than the actual cost of the project. We want our people to be compensated but when cartels set in, they make compensation go up. On wayleaves, people want power and high compensation. This compensation should be at fair rates and should not be taxed to avoid extortion from our public resources. Finally, because I would like to save a bit of time, I cannot sit down without commenting on the issue of increasing core capital for banks. It has been said but it cannot be said enough. We have seen our banks, even the large banks, grow today. Equity Bank, for example, grew from a very small institution into the great institution that it is currently. Some people would even look at it as crossing the bridge and then removing the bridge so that other people do not cross that same bridge. If we get to Kshs5 billion by 2018, we will definitely be collapsing many of our banks and many of our people will not access banking services. Many people in Homa Bay where I come from, cannot access some of the so-called big banks. I conclude."
}