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{
    "id": 893206,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/893206/?format=api",
    "text_counter": 372,
    "type": "speech",
    "speaker_name": "Mbooni, Independent",
    "speaker_title": "Hon. Erastus Nzioka",
    "speaker": {
        "id": 13433,
        "legal_name": "Erastus Kivasu Nzioka",
        "slug": "erastus-kivasu-nzioka-2"
    },
    "content": "First, on the spectrum, we realised that the allocation of spectrums lacks transparency, uniformity and fairness. With that, the spectrum is being fixed arbitrarily and requires upfront payments. This is a bit exorbitant for new entrants. The Kshs25 billion to be raised by a new entrant is a bit high. The request to stagger the payments will ensure that the charges to consumers are reduced. The request to have clear guidelines on applications, allocation and usage of spectrum resources is highly recommended. On the issue of money transfer, we noted during the submissions that mobile money loans have too high interest rates. The 4.8 per cent or 7.5 per cent per day is not within any standards. The request to have these rates standardised is highly recommended so that we can enjoy the standard rates that other banks are giving. Customers are really exploited. We realised that there is one particular phenomenon which has been dominant in the transfer services which poses one big risk. One time, there was an outage in money transfers and this caused a lot of problems to the customers. We realised that this can also be a national security problem. The idea of looking at dominance to ensure that we do not have mobile money transfers on only one service provider is crucial. This will ensure that there is no threat to national security in any of the transfers."
}