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{
    "id": 863304,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/863304/?format=api",
    "text_counter": 182,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM-K",
    "speaker_title": "Hon. Makali Mulu",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "The other issue is that the capital market seems not to be very stable. I like what Hon. Nyoro has said. Most companies are deregistering and, as a result of that, they are collapsing and not much is happening in those markets. In terms of management of those markets, even though we are said to be the best in the region, we need to pull up our socks. We need to have directors and people in charge of those markets doing much more research to ensure that they provide products which benefit Kenyans in the sense of generating income. Kenyans should be able to buy shares as a way of mobilising resources for investments. Unless you mobilise resources for investment, your saving levels will be very low. Kenyans are not very good at saving generally. Ours is more of a consumer economy. So, if we can generate more savings through those markets that will be important in terms of generating resources for people to invest. This could also easily affect interest rates. If we have more money to give people to invest, the demand will reduce and this will affect interest rates downwards, hence making borrowing cheaper."
}