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{
    "id": 935839,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/935839/?format=api",
    "text_counter": 604,
    "type": "speech",
    "speaker_name": "Nambale, ANC",
    "speaker_title": "Hon. Sakwa Bunyasi",
    "speaker": {
        "id": 2511,
        "legal_name": "John Sakwa Bunyasi",
        "slug": "john-sakwa-bunyasi"
    },
    "content": "In the presentation, a clear problem has been defined but in the solution I am not sure we have the right instruments to fix this. Whereas this is very important, I think it is important for the Movers to see which way we can gear this proposal to focus on the right institution. I do not believe it should be the Competition Authority of Kenya (CAK). We should also see if we can use other instruments like the law of contract, insurance and probably banking. As I conclude, just like we do with banks, disclosure is extremely important. If we have certain standards or model contracts, they should contain minimum disclosure that is essential to lay bare all that needs to be done - The risks it anticipates to be incurred by the small supplier and big buyers. But the small supplier ought to know their rights and what to expect. In banking, for example, they have to declare the various charges, rates and the effective annual rate. So, as you sign your statement, it declares that your effective annual rate will not be what was quoted as 5 or 6 per cent, but there are other charges which are annualised so that you can have some idea. Similarly, suppliers can be helped to get model contracts that will protect them more. I do not know whether this will be domesticated in the CAK or somewhere along the line under the company law. With those few remarks, I do not support it in its current form and so, I oppose. Thank you, Hon. Temporary Deputy Speaker."
}