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{
    "id": 581989,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/581989/?format=api",
    "text_counter": 194,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "We make laws for posterity. This proposal by the National Treasury on the amendment in the Finance Bill is right, if you look at the trend globally. This amendment will ultimately create three or four major banks. It will set the stage for mergers of banks, if they cannot raise that capital. The history of Equity bank, whose Chairman I respect so much – I mean Mr. Munga started Equity Bank with Kshs2,000 and today, it is a major player in the region. Secondly – and Hon. Jakoyo will agree with me - in the last Parliament, we reduced for Equity Bank and other banks after they approached us. At one time, we reduced it from Kshs500 million to Kshs250 million. What can make me not start a bank tomorrow? I mean once I retire - together with Hon. Sakaja, Hon. Benjamin Langat and Hon. Midiwo. We can bring our resources together and start a bank. This amendment is knocking out Kenyans from venturing into the The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}