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{
    "id": 8389,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/8389/?format=api",
    "text_counter": 506,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "investment. When the new Governor Mr. Micah Cheserem was appointed, people who were running banks were called and they had to decide what should be done so that inflation is brought down and the cost of living controlled. This was meant to make banks continue being on their own line and the economy started recovering. One of the things that were done was to mop up the total amount of circulation of money that was there. By mopping up, there was an indication that the banks were given high levels because their liquidity was quite high. People could invest in the CBK when the minimum amount was reduced from Kshs50,000 to about Kshs10,000. Mr. Temporary Deputy Speaker, Sir, therefore, this Select Committee will look at what has been done without re-inventing the wheel so that at the end of it all, we make Kenya an investment area and make the common person have access to essential commodities which at the moment, are beyond the reach of the common person. One wonders how the common person, who has no income at all, will survive, if this situation continues. This issue must be addressed because we are not looking at any tribal or political issue. We are looking at our common person wherever he is. Therefore, the Committee must not only look from within but also from without. What miracles did the economies that have succeeded perform that Kenya is not performing? What should we do so that this nation can be saved from sliding to what we were before 2003? In 2003, we had to resuscitate our economy. Right now, if we do not do something outside the box, we may slide the economy to where we found it in 2003. With those remarks, I beg to support."
}