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{
    "id": 632460,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632460/?format=api",
    "text_counter": 167,
    "type": "speech",
    "speaker_name": "Hon. Sakaja",
    "speaker_title": "",
    "speaker": {
        "id": 13131,
        "legal_name": "Johnson Arthur Sakaja",
        "slug": "johnson-arthur-sakaja"
    },
    "content": "As much as I support this, we must put a ceiling. I will, of course, propose an amendment later because the ceiling should not be on the CBK rate. It should be on the KBRR. I will explain. The KBRR is set every two months by the CBK taking into account all these other factors, taking the average CBK rate and an average two month weighted moving average of the Treasury Bill rate which takes into account all those economic factors. Above the KBRR, the banks should only be allowed to charge a certain percentage and that is 4 per cent. This is the best thing we can do for our country this time. We want small businesses to grow. We also want to increase opportunities for the youth, women and for everybody in the financial sector."
}