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{
    "id": 632336,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632336/?format=api",
    "text_counter": 43,
    "type": "speech",
    "speaker_name": "Hon. Njomo",
    "speaker_title": "",
    "speaker": {
        "id": 1784,
        "legal_name": "Jude L. Kangethe Njomo",
        "slug": "jude-l-kangethe-njomo"
    },
    "content": "A decade later, my friend and colleague and Member of Parliament for Gem, Hon. Jakoyo Midiwo, proposed to have the same caps introduced through the Public Finance Bill. That time - and I am sure Hon. Jakoyo will tell us more about this - the Treasury opposed the law and convinced the legislators by saying, and I quote:- “It would go against the concept of free market and that Kenya was trying to position itself as a regional financial hub and restrictive regulations on the banking sector could slow down this journey”. We are still on that journey trying to position ourselves 20 years later. We are still moving towards being a financial hub while our people cannot survive in business. While they are borrowing money, they are getting auctioned because they cannot pay the loans. Where are our priorities? Why do we want to be seen by those outside the country as doing well; as being a good financial hub, while we cannot, as citizens of Kenya, do any sensible or profitable business because banks have made it impossible?"
}