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{
    "id": 721690,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/721690/?format=api",
    "text_counter": 318,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "This morning in one of the engagements of my committee, the Public Investments Committee (PIC), we had a conversation with a parastatal CEO who confirmed that they are holding about Kshs600 million in a fixed deposit account, in one of the commercial banks, and are getting an interest of about 6 per cent. At the same time, the National Treasury is borrowing from the commercial banks at a rate as high as 13 per cent. It is not possible for any commercial bank to get money from Government through parastatals at 6 per cent and lend it back to Government at 13 per cent. There is no bank 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."
}