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{
    "id": 632536,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632536/?format=api",
    "text_counter": 243,
    "type": "speech",
    "speaker_name": "Hon. Kabando wa Kabando",
    "speaker_title": "",
    "speaker": {
        "id": 31,
        "legal_name": "Kabando wa Kabando",
        "slug": "kabando-kabando"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker. This matter of controlling interest rates has occupied successive Parliaments. As I rise to laud Hon. Jude Njomo for initiating this Bill and the ones of previous speakers, variously, it will help to spur business enterprises, trade and commerce. I rise at this very early stage to sound my scepticism as to whether there will be an endorsement. Being a free economy does not mean letting the country go the shylocks way because of closing in on the commercial and financial sectors. Nevertheless, it is also a fact that we have let the banking sector run amok in many instances. Who does not remember that just the other day before the indigenous banks were revived under the NARC administration in around 2003, 2004 and 2005, we went begging and kneeling to even open accounts? Personally, I remember leaving this country for only two-and-a-half years to study outside and leaving a multinational bank here in Nairobi with my Kshs14,000. When I returned, I could only access below Kshs5,000, meaning that I was punished for leaving this international bank with my Kshs14,000. It earned nothing. We are being punished. We should not forget that 10 years ago, we were being punished for keeping money in commercial banks in this country. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}