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{
    "id": 738003,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/738003/?format=api",
    "text_counter": 69,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Hon. Speaker, I first want to thank the Members who made very valuable contributions to the Second Reading of the Bill. We will be among the first countries in the region to set up and create a law that will help in the establishment of a financial centre, which will again stimulate the development of a number of industries. The Bill‟s main objective is to develop an efficient and globally competitive financial services centre that will contribute to the overall economy and drive high levels of savings and investments that Kenya needs. It is common information that His Excellency the President signed the Nairobi International Financial Centre Order in 2014. There is, however, a critical need to anchor that framework into an Act of Parliament and, hence, the essence of the Bill before this House. Finally, this Bill intends to provide for additional institutional framework to facilitate and support the development and promotion of Nairobi as an international financial centre. The centre will be modelled along the London model, and it will operate within the existing framework. With those few remarks, I beg to reply."
}