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{
    "id": 934458,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/934458/?format=api",
    "text_counter": 817,
    "type": "speech",
    "speaker_name": "Nominated, JP",
    "speaker_title": "Hon. (Ms.) Cecily Mbarire",
    "speaker": {
        "id": 13166,
        "legal_name": "David Ole Sankok",
        "slug": "david-ole-sankok"
    },
    "content": "As has been ably articulated by the Chair of the Departmental Committee on Finance and National Planning, it is about time we reined in on the big buyers to protect SMEs and ensure that they stay in business. Therefore, it is important for us to support this amendment Bill so that we can arm the Competition Authority of Kenya with some teeth to bite, so that when the big buyers abuse their buying power, the CAK can take action. There should be penalties for abuse of power. I support this so that suppliers or SMEs are paid within specific timelines. This will enable the banking sector to use LPOs and LSOs as collateral and SMEs can get loans to provide the necessary supplies."
}