{"id":721690,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/721690/?format=json","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."}