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{
    "id": 700989,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/700989/?format=api",
    "text_counter": 124,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Gathecha",
    "speaker_title": "",
    "speaker": {
        "id": 652,
        "legal_name": "Annah Nyokabi Gathecha",
        "slug": "annah-nyokabi-gathecha"
    },
    "content": "Thank you, Hon. Deputy Speaker. I rise to support the appointment of these nominees to the Board of Directors of the CBK. I want to express my great disappointment at Members of this House, especially men, for ganging up against women who have been nominated. That clearly shows that we have a long way to go as a House in recognising the competency and ability of women appointed to these positions. The nominees who have been presented here have a wealth of experience that will take this country forward. They have significant experience as economists within the Ministry of Finance. Some of the roles of the CBK include managing monetary policy and macro-economic policies to ensure the stability and integrity of our nation and our currency. It also includes the management of our debt levels. They will be discussing the policies to ensure that they are implemented for this country to grow. Kenya is seeking to be a financial hub in Africa. Kenya is a member of the Common Market for Eastern and Southern Africa (COMESA). The Pan-African banking that is driving the new wave of financial integration that will bring many benefits to countries requires a board that has a significant broad-based experience and understanding of how various sectors of the Government work. The appointment of these directors will help this nation to move forward. The CBK has stayed for a year without a board of directors and the implementation and effective monitoring of policy in banking institutions has been quite a challenge. I would like to commend the President for these appointments especially on the sensitivity and the recognition of gender balance. Women are better financial managers. They are concerned. They are also effective and carry out their mandate at a higher level of ethics. Under their leadership, implementation comes at a significant level, higher than that of their male colleagues. The role of developing debt rates and strengthening the local economy is critical to the development of resilience to economic shocks in the Kenyan economy. I hope these nominees will look at the importance of these positons. Considering where Kenya is going, the level of development and the investments that are taking place in the country, we require a board that will coordinate a lot of activities to avoid conflict of interest and ensure that financial stability frameworks and policies are implemented. This will help Kenya to move from the current developing nation and probably become the Singapore of Africa."
}