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{
    "id": 736748,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/736748/?format=api",
    "text_counter": 83,
    "type": "speech",
    "speaker_name": "Hon. Maanzo",
    "speaker_title": "",
    "speaker": {
        "id": 2197,
        "legal_name": "Daniel Kitonga Maanzo",
        "slug": "daniel-kitonga-maanzo"
    },
    "content": "For that matter, the Attorney-General is an important component in this. The Chief Executive Officer is an ex-officio member in the management of the proposed Authority. This is a very serious law which seeks to save the cost of running different authorities or financial services. This is very good and the stakeholders in that regime have already accepted it, but those who deal with cooperatives and SACCOs and have an international structure on how they process their matters are still not very happy with this law. I think this is a matter that the Government, Cabinet or Parliament needs to relook into and further consultations done to make sure that Kenyans are served and their wishes honoured by the laws we make on this Floor. Already, they have a structure which is very effective and they finance themselves without going into the Government coffers although there was a recent request by the National Treasury to make sure that they stabilise. Moving them to a bigger Authority does not assure them that their interests will be taken care of. It will not cost the Government more than expected by lumping SACCOs with the other financial service providers. I believe with the likes of Senator Sakaja here, the Government will be convinced that SACCOs need to be on their own. 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."
}