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{
    "id": 844882,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/844882/?format=api",
    "text_counter": 289,
    "type": "speech",
    "speaker_name": "Kiambu, JP",
    "speaker_title": "Hon. Jude Njomo",
    "speaker": {
        "id": 1784,
        "legal_name": "Jude L. Kangethe Njomo",
        "slug": "jude-l-kangethe-njomo"
    },
    "content": " Thank you, Hon. Temporary Deputy Chairman. Thank you, Members, for supporting this amendment. I assure Members who feel like we do not have enough data that we had researched on this and we found that small and medium enterprises (SMEs) are getting much lower than 10 per cent. However, I will reluctantly withdraw this for the following reasons: Members, let me explain to you. The Zambian Parliament passed the capping of interest rates about 10 years ago. The banks in Zambia looked for a small reason and they went to court. The court gave an injunction. The substantive case has not ended 10 years later. In this country, there was the Donde Bill which was passed by Parliament. It was passed but it was taken to court and nullified."
}