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{
    "id": 632403,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632403/?format=api",
    "text_counter": 110,
    "type": "speech",
    "speaker_name": "Hon. Wakhungu",
    "speaker_title": "",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "On that note, Hon. Temporary Deputy Speaker, the education system has been liberalised. Of course, he is older than me, but we have evening programmes. Even you can go back to school. I have been teaching people who are agemates of my grandfather. It has nothing to do with age because we have a liberalised education system. For those looking for degrees, we have evening programmes. The issue of the banking industry in this country is very alarming. The banking industry is very critical for the success of any economy. The Central Bank of Kenya (CBK) is the regulator of the industry. It is, indeed, very painful as I speak right now because the CBK’s lending rate right now is 8 per cent. If you go to commercial banks, you will find that they are charging 20 to 24 per cent. It is the responsibility of the CBK to supervise and ensure that whatever commercial banks are charging is within the framework. I want to call upon the CBK to pull up its socks. More importantly, the Governor of the CBK is a leader and everything stops at him. He has to wake up. I do not want to go into issues of region because I know he is capable. Mine is to request him to supervise these banks because they are robbing Kenyans."
}