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{
    "id": 690921,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/690921/?format=api",
    "text_counter": 242,
    "type": "speech",
    "speaker_name": "Hon. Limo",
    "speaker_title": "",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "Thank you, Hon. Speaker for opportunity to contribute to this very important Motion for Adjournment. I wish to thank everyone who has contributed to very important business in this House this Session. Moreso, I think you have made a record because since we came here, this House has transacted a lot of business. Much as we have been very busy, this House has been able to sit even during late hours, even on Thursdays. From Tuesday, it is like it has been full day. This is a very good record. We have to continue. We thank you. Your Office has been very organised. It has done a good job to ensure the business of this House goes on well. I want to comment on the very important business which this House has transacted. I confirm that this House has stamped its authority especially on passing a very important Bill to curb interest rates charged by banks. All the Houses from the 9th Parliament have tried. The 9th Parliament tried but they failed. They did not manage. It was very clear that in the long run, the capping of the interest rates would not be good for the economy, but we had no option. This country had been reduced by a serious cartel of banks. They agree and, obviously, the principles of a free economy were not allowed to operate. Therefore, we had no option. In fact, everybody, including renowned economies, agreed with us that in the short run, we had to do it. At least, we have seen the banks now reducing the rates. Before the President assented to the Bill, we saw them running up and down giving goodies. They accepted their mistake. They accepted that they have been terrorising the country. Therefore, it is good enough. Let them face it but we will have to review it if it happens that we also need to bring other sectors into it. I think the first culprit will be the communications sector. We have seen monopolistic behaviours being practised in this country by Safaricom. Safaricom has played a serious monopolistic behaviour by trying to influence the collapse of players like Yu. They are minting billions. How do you explain minting Kshs30 billion in the name of giving service to the people of Kenya? It has been very long since the calling rates came down. It is because there is no competition. I encourage this House that we need to extend those actions to other sectors so that we bring sanity to the economy of this country. The other ones are the Bills which we have just passed. As much as we support the Bills, it was very sad for the other side of the political divide, ODM, to refuse funding by the Government. What we are lacking in this country is capacity to carry out free and fair nominations because of lack of funds by political parties. The proposal for the Government to fund political party nominations was thrown out. I urge the President to veto it so that we can be sure that there will be free and fair nominations. Finally, we want to bring a long lasting solution to the issues of commissioners of this country. We want to bring a law which will allow commissioners to come into place three years into the elections and exit two years to the elections so that they carry out one nomination and go. I support it and I wish everyone good health as they carry out the other activities in their constituencies. Thank you and God bless you."
}