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{
    "id": 959800,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959800/?format=api",
    "text_counter": 204,
    "type": "speech",
    "speaker_name": "Nominated, ANC",
    "speaker_title": "Hon. Godfrey Osotsi",
    "speaker": {
        "id": 13172,
        "legal_name": "Godfrey Osotsi",
        "slug": "godfrey-osotsi"
    },
    "content": "This is a very timely Bill. One thing the banks in Kenya should do is to reform. We have many banks in the country. I think we have more than 47 banks in the country. It is high time the Central Bank Kenya introduced reforms so that small banks merge with big banks so that we have few banks. This has happened before. When Nigeria had so many banks, they came up with reforms to merge the small banks into big banks. Now, Nigeria being the largest economy in Africa has almost half the number of banks we have in Kenya. These are some of the administrative and policy issues that the CBK should be doing. Members have also talked about mobile money loans. The Departmental Committee on Communication, Information and Innovation came up with a report which was adopted by this House. The Communication Authority (CA) and the CBK should take up the role, implement the report and have Kenyans protected from unregulated mobile money loans. With those many remarks, I beg to support."
}