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{
    "id": 844820,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/844820/?format=api",
    "text_counter": 227,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "regulations coming here in the first place, is illegal. All we are doing is to clean up that mess. That is why I support what the Committee is proposing. We are just making effective provisions of Article 94. We are not taking away their power to make regulations. They will be able to make regulations that will regulate the industry. But for those regulations to have the force of law, they must come to this House. We also represent people; and the people must have a say in those regulations because they affect the way people conduct business. I have done business in Nyamakima for many years. It is an industry that is cash based. Kshs1 million is like Kshs10,000 in upmarket Nairobi. Therefore, we feel CBK has been stifling the growth of business. In the same breath, you and I know that during campaigns, Kshs1 million in a day is difficult to use in paying all your logistics. Nobody will trust a politician to give him or her any goods or services during campaigns on credit. You have to pay it in cash. So, we have to queue in banks every morning to withdraw Kshs999,000 today and a similar amount tomorrow. Therefore, it is only fair that we support this amendment by the Committee. Thank you, Hon. Temporary Deputy Chairman."
}