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{
    "id": 736796,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/736796/?format=api",
    "text_counter": 131,
    "type": "speech",
    "speaker_name": "Hon. Bunyasi",
    "speaker_title": "",
    "speaker": {
        "id": 2511,
        "legal_name": "John Sakwa Bunyasi",
        "slug": "john-sakwa-bunyasi"
    },
    "content": "Thank you, Hon. Speaker. I rise to contribute to this very important Bill. In principle, the establishment of the Nairobi International Financial Centre is an essential development. Kenya is seeking to be a middle income country, and indeed has a leadership role in the region. In fact, this is long overdue. There were days in the 1970s when this kind of thing was discussed – that Nairobi would be a major financial hub but I think the management of our economy has had ups and downs, and in the process that idea was forgotten. There is no doubt at all that the merits of the international financial centre are clear. As some of my colleagues have already alluded, there is no issue there. The main things that I see in this Bill are on the management of the Nairobi International Financial Centre. First of all, it is Nairobi because it will be in the capital city. Therefore, nobody will be worrying about Nairobi because it is a national centre but because it is internationally awkward to call it Kenya International Centre. So, we call it Nairobi International Financial Centre. We need to get that clear. It is possible that we have our institutions in other places and not just in this City. We are glad for this City to take up that role that has been assigned to it. Hon. Temporary Deputy Speaker, on the governing body, the requirement mentioned of a bachelor’s degree is inadequate. We should have a post-graduate qualification with serious 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."
}