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{
    "id": 910358,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/910358/?format=api",
    "text_counter": 326,
    "type": "speech",
    "speaker_name": "Mr. Henry Rotich",
    "speaker_title": "The Cabinet Secretary for National Treasury",
    "speaker": {
        "id": 13142,
        "legal_name": "Henry Rotich",
        "slug": "henry-rotich"
    },
    "content": "private sector and in particular to the MSMEs. Further, we will be launching an “SME Credit Guarantee Scheme” in a few weeks’ time to deepen access to credit by SMEs without being subjected to complex application procedures and collateral requirements. This, together with Biashara Kenya Fund and the SME Fund, will address the very reason interest rate caps were introduced. The aforementioned reforms will not only address shortcomings in the credit market but also catalyse provision of credit to support the Government’s Big Four Agenda. The Budget is also about insulating ourselves against future risks and sustaining our long- term development agenda. The funds allocated in the Budget for infrastructure development are not adequate to meet the growing needs for quality and sustainable services and to support the Big Four Agenda. In this respect, the Government will continue to leverage on the private sector to support infrastructure development through Public Private Partnership (PPP) arrangements. We have already made great strides in this area and I have awarded the Nairobi-Nakuru-Mau Summit Toll Road Project and approved development of the JKIA-James Gichuru-Nairobi Expressway Project to be done under the PPP framework."
}