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{
    "id": 955030,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/955030/?format=api",
    "text_counter": 214,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": "Clause 43 of the Bill deals with repeal of Section 33B of the Banking Act. The bankers in the country have deliberately misled the country that, that provision is harmful to the banking industry, which is contrary to the truth. Now, the truth of the matter is that banks have continued to make abnormal profits. In fact, banking is the most profitable business in this country. Failure of SMEs to attract financial facility from the banking sector, as all of us know, has nothing to do with the risk profile of SMEs. It is simply because banks have found it easier and less expensive in administrative matters to lend to the Government because it is risk free and the cost of administering Government loans is literally zero. Therefore, they have taken the appetite. So, the call goes to the Government to pull up, so that we can move to a better position. In any case, SMEs can get money from very many other places. Therefore, it is not a big deal. Clause 44 of the Bill on consolidators on the import market is a most welcome proposal. We need to tighten much more because our small-scale importers have suffered tremendously."
}