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{
    "id": 868890,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/868890/?format=api",
    "text_counter": 321,
    "type": "speech",
    "speaker_name": "Roysambu, JP",
    "speaker_title": "Hon. Isaac Ndirangu",
    "speaker": {
        "id": 2701,
        "legal_name": "Isaac Waihenya Ndirangu",
        "slug": "isaac-waihenya-ndirangu"
    },
    "content": "and most county governments which borrow from commercial banks for short-term cash flow management leading to unchecked exposure to interest rate risks. We have on record the Nairobi County where in the last five years they have been borrowing from commercial banks at exaggerated interest rates. It is important to stop the county governments from borrowing without reverting to the CBK. This is because in the first place it makes the county lazy and be unable to raise its own revenues. The City County of Nairobi has a lot of resources and it is only that they do not put sufficient efforts in making sure that all their income revenue streams are active. One of the reasons that make the counties unable to raise sufficient resources is because of corruption, particularly in licencing. You will find a mama"
}