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{
    "id": 723036,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/723036/?format=api",
    "text_counter": 138,
    "type": "speech",
    "speaker_name": "Hon. Gikaria",
    "speaker_title": "",
    "speaker": {
        "id": 2489,
        "legal_name": "David Gikaria",
        "slug": "david-gikaria"
    },
    "content": "Thank you, Hon. Speaker, for giving me this opportunity to contribute to this very important amendment Bill on the Sacco Societies Act. It has been said more than once that it is important for us to look at legislation and build on its weaknesses as has been witnessed in the past. Particularly, as it has been said, this amendment Bill will weed out the dirty people in this business. As Hon. Maanzo has just put it, it is true that we are over-legislating on some of these issues. We need to consider critically up to what level we can legislate. One of the issues is the determination of suitability where a person has to have some academic qualifications. I might not have gone to school but I have the money. The best thing would have been for me to merge with someone else so that we can come together in this business where I bring my financial strength and the other person brings their other academic qualifications for us to engage in some business. For me to bring financial support to a SACCO, I must be a director and should not be limited by academic qualifications that are determined by some authority. It is important for us to look at this issue critically."
}