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{
    "id": 920672,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/920672/?format=api",
    "text_counter": 280,
    "type": "speech",
    "speaker_name": "Sen. M. Kajwang’",
    "speaker_title": "",
    "speaker": {
        "id": 13162,
        "legal_name": "Moses Otieno Kajwang'",
        "slug": "moses-otieno-kajwang"
    },
    "content": "Thank you, Madam Temporary Speaker. The Governor of the Central Bank of Kenya (CBK) has flagged out some of these technology-based lending services and financial service providers as one of the biggest risks in the financial landscape. I, therefore, encourage the Committee to also seize itself of this subject, for example, on the issues to do with Safaricom Kenya Limited and M-Pesa. Is Safaricom Kenya Limited a telecommunication company or a financial service provider? Should it be regulated by the Communications Authority of Kenya (CAK) or the CBK? We need to provide that clarity. Is Equity Kenya limited a bank or a technology-based financial services provider with its entrance into technology and online lending? Very soon, Facebook will introduce Libra which is a currency. There are millions of Kenyans on Facebook; how will we regulate this? Are we ready for it? I am sure that this Committee will give us the way forward. Thank you, Madam Temporary Speaker."
}