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{
    "id": 736774,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/736774/?format=api",
    "text_counter": 109,
    "type": "speech",
    "speaker_name": "Hon. Onyura",
    "speaker_title": "",
    "speaker": {
        "id": 12833,
        "legal_name": "Michael Aringo Onyura",
        "slug": "michael-aringo-onyura"
    },
    "content": "activities, the culture of savings in this country will be promoted even further. I think Kenyans have normally responded well whenever they have been called upon, for example, when they are called upon to subscribe to shares being floated and the like. Many times, they are very much oversubscribed. I am sure that this Centre or establishment will improve the savings culture and that will be good for our country. Going through the Bill, I also noticed that the tenure of the Authority members will be for three years and may be extended only once. Surely, I think six years is good enough for any Kenyan who is given an opportunity to make their contribution. The good thing is that the appointments will be staggered so that there is continuity and institutional memory other than, maybe, the term for all the directors expiring at the same time. Financial sectors are sensitive and, therefore, I was happy to see that the issue of confidentiality is very much emphasised and that any breach of confidentiality will attract a fairly stiff penalty of three years imprisonment. Finally, I will comment on the Steering Council. I think the fact that the President and the Deputy President will be the chair and the deputy chair of this Council respectively shows that this is something that is being taken seriously by Government because that means that action can be taken very fast and at the highest levels possible. I do support this Bill."
}