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"speaker_name": "Hon. Sakaja",
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"content": "Hon. Chepkong’a really wants to go and have a cup of tea. I will finish in a few minutes. Hon. Deputy Speaker, when we were going through this in the Committee, there is an amendment that we tried to bring in following Hon. Jakoyo’s amendment, which was to maintain the minimum capital base to start a bank at Kshs1 billion. We tried to push a further amendment to that to reduce it to Kshs500 million. Procedurally, that has not been possible. However, since the substantive law being amended was not the Banking Act, this amendment does not have to be brought after six months. We want to reduce that amount that is required so that the financial market and the institutions do not have to be elitist sectors where only those who can raise Kshs1 billion or 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."
}