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{
    "id": 736739,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/736739/?format=api",
    "text_counter": 74,
    "type": "speech",
    "speaker_name": "Hon. Katoo",
    "speaker_title": "",
    "speaker": {
        "id": 199,
        "legal_name": "Judah Katoo Ole-Metito",
        "slug": "judah-ole-metito"
    },
    "content": "involved several stakeholders including the CBK especially those who are critical in the running of the financial sector in this country, namely the Capital Markets Authority, the Insurance Regulatory Authority, the Office of the Attorney-General and the Department of Justice, the Judiciary, the Nairobi Centre for International Arbitration and the private sector, in workshops held in 2014, 2015 and 2016. There has been public participation all through as required by our laws. Therefore, they have made almost everyone to understand and appreciate the provisions of the Bill. Suggestions by the stakeholders are fully incorporated into the Bill. As I said, we are now talking of a global competitive business. Therefore, it is good for Members to think very strategically and provide insights that are going to help the NIFC to meet those standards. The Bill meets the broad global methods or standards and best practices and unique Kenyan context which the Centre is going to be created. Hon. Speaker, in view of the immense benefit the Centre will bring to our economy, I have enumerated them and I believe the debate should not be whether or not Kenya should establish an international financial centre, but rather, how the country can leverage on its competitive advantage that it already has in the region and showcase its readiness to do business with the world. Therefore, I expect a lot of insightful debate and input from the Members. I also request them to support this Bill so that we can achieve our vision to transform the country to be a middle-income country providing high quality life to its citizen by the year 2030. In the meaning of Article 110 of the Constitution, the Bill does not concern county governments. Therefore, it is within the purview of this House to make the contribution. With those few remarks, I kindly request Hon. Chris Wamalwa to second. I beg to move."
}