Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 640484,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/640484/?format=api",
    "text_counter": 337,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Anyang'- Nyong'o",
    "speaker_title": "",
    "speaker": {
        "id": 193,
        "legal_name": "Peter Anyang' Nyong'o",
        "slug": "peter-nyongo"
    },
    "content": "I apologise, Mr. Temporary Speaker, Sir. I was carried away. I do not know how to translate the movement of up and down. I cannot translate the other word I used, but I hope that it will be translated in Google one of these days as appropriate parliamentary language. The State of the Nation Address must focus itself on real estate industry because it has always been an indicator of the good health of the nation. When houses or offices are built and the investors get tenants and there is competition to get into those facilities, then you know that the economy is healthy. Today, offices and houses are being built all over the place, but finding tenants is becoming a major problem. Even if you build, to find tenants to pay the kind of rent that will help you pay the mortgage with the money you borrowed from the bank is hell on earth. I am speaking from concrete experience. If the real estate industry is itself suffering, then you know that the economy is suffering. Mr. Temporary Speaker, Sir, the other industry that is suffering is the major corporations. It is not just Kenya Airways which is suffering. The other day, we saw Uchumi Supermarket shutting down some of its stores. When I was in London the other day, I was told that Barclays Bank is planning to pull out of Africa. The Chief Executive Officer (CEO) of the Barclays Bank here denied it yet London, which is the headquarters of Barclays Bank, says that will happen. For a long time, Barclays Bank has always said that they make their best profits in Africa. However, if Barclays Bank is contemplating pulling out of Africa and not just out of Kenya, then we are in a lot of problems. Those kinds of statements should not be taken lightly. The banking industry itself, in terms of managing credit, is also suffering because of the high interest rates that do not invite investors or people to take up loans from banks. When you go into a bank as a politician, the managers will always ask you how we are doing and what to expect next. Kenya should not just hold elections routinely. Elections that are held routinely without thinking of their consequences will always put this nation in a lot of problems and will continue to put this nation in a lot of problems. I have always said that to determine how democratic an election is, when the results are out, the victors should celebrate their victory and the losers should accept the results as legitimate. In a situation where the victors are celebrating their victory and the losers are not accepting their results as legitimate, it cannot be expected to be a democratic election. However, that can only come with a long tradition of managing elections properly. We have only had two democratic elections in this country since Independence; the one that took place in 1963 which was the so called “the Kenyatta Elections” and which ushered in Independence and introduced the first Independent African Government in this country. The second democratic election was held in 2002, the NARC revolution. In 2002, Kenyans were voted the happiest people on earth because an election was conducted in this country where the victors celebrated victory and the losers accepted the The electronic version of the Senate Hansard Report is for information purposes"
}