Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 863401,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/863401/?format=api",
    "text_counter": 279,
    "type": "speech",
    "speaker_name": "Ndaragwa, JP",
    "speaker_title": "Hon. Jeremiah Kioni",
    "speaker": {
        "id": 49,
        "legal_name": "Jeremiah Ngayu Kioni",
        "slug": "jeremiah-kioni"
    },
    "content": "We have very many table banking groupings in our constituencies and they have grown to the level that they would want to move to the next level. One of the levels they are going to is a SACCO or a cooperative movement and it is important that we continue engaging ourselves and trying to help them to make sure that they grow. Some of us who were not very old would remember that back in the late 1970s, 1980s and early 1990s there was a strong cooperative movement especially in Mt. Kenya Region. Through some political tsunamis that hit the area, all these cooperatives went under and the way of life of people was completely disrupted. To date, some of them have never found a footing again. It is because the cooperative movement then may have been interfered with politically because there might not have been any regulatory framework that would have guarded the SACCOs, and shielded them from political interference. This Bill among others that have been done before goes a long way to ensure that such political maneuvers are not done in the coming days. One of the things that come out clearly is Section 45 which talks about the qualification of external auditors. This helps to introduce professionalism in the way that these SACCOS are audited, ensuring that there is no insider trading but at the same time creating a lot of employment for the young people back in the rural areas. You can engage yourself fully from the first to the end of the month just by doing audit of SACCOs in the rural areas. So, in this Bill we want the procedure for revoking licences, the way to apply for a licence and the way to send or to limit the audited accounts covered so as to help to improve the quality and the way of doing things within the SACCOs. With those few remarks, I want to thank the Committee for the work they have done. I encourage them and other Committees that as Members of CIOC, we are talking to all the Ministries because implementation of the Constitution is a wide thing and it covers every area. So any Committee that finds their Ministry coming before us should know that we are just there to help the country, not to take up their job. In any case, there is so much work to do in this country; you cannot finish it with the few months that you will be here as a Member of the 12th Parliament."
}