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"id": 1563142,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563142/?format=api",
"text_counter": 282,
"type": "speech",
"speaker_name": "Sen. Kathuri",
"speaker_title": "The Deputy Speaker",
"speaker": {
"id": 13590,
"legal_name": "Murungi Kathuri",
"slug": "murungi-kathuri"
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"content": " Sen. Mungatana Danson, proceed."
},
{
"id": 1563143,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563143/?format=api",
"text_counter": 283,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
"speaker": null,
"content": "Thank you, Mr. Deputy Speaker, Sir, for giving me the Floor. I rise in support of the Motion before the House to approve the appointment of"
},
{
"id": 1563144,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563144/?format=api",
"text_counter": 284,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
"speaker": null,
"content": "The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
},
{
"id": 1563145,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563145/?format=api",
"text_counter": 285,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
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"content": "Sophie Moturi, Abdullahi Mohamed Abdi, Beatrice Kosgei, and David Simpson Osawa Owuor as Members of the Board of the Central Bank of Kenya (CBK). I am proud to participate in this approval today. Many years ago, when I was younger than I am today, after resigning from the Government, I moved the Public Appointments (Parliamentary Approval) Act. This Act ensured that important national positions would be approved through a parliamentary approval system. I am pleased that it has since been amended, improved, and now includes members of the Board of the CBK. To disclose my interest, the Chair of this Board, Mr. Mukite Musangi, is a good friend, a man of integrity, and someone whom we went to school with for six years. As I speak here, I know he is listening from his seat. There are two key issues. First, I believe the four nominees have outstanding Curriculum Vitaes (CVs), and I will not dwell on that. However, I would like to focus on two issues regarding the Board of the CBK and the challenges these nominees will face as they take up their responsibilities. The Board of the CBK is, first and foremost, responsible for oversight the CBK management, led by the Governor. May I say that Governor Thugge has performed well thus far? I am pleased that he has stabilized the financial and monetary situation in the country. However, I want to focus on the role of the Board of Directors of the CBK, particularly their oversight function. When examining oversight of the CBK’s management, one key issue that arises for us as representatives of the people is the fairness of the Human Resource (HR) distribution across counties. How equitably is HR representation spread across the country within the CBK? This new Board must ensure that, in their meetings, they ask important questions such as, how many employees at the CBK come from Tana River County, for example? How representative is the workforce across different regions? The HR component of the CBK has not been well distributed across the country, and this is an issue that needs urgent attention. I say so because when the CBK sits to provide various services to Kenyans, it is important for them to consider diverse perspectives and viewpoints on how their decisions affect the country as a whole. Therefore, it is my prayer that the new team, Sophie Moturi, Abdullahi Mohamed, Beatrice Kosgei, and David Simpson Osawa, takes the time to ensure that future recruitment by the management of the CBK is distributed fairly across the country. We should not, as a previous speaker noted, have departments in this country where people can comfortably converse in their mother tongues simply because they form the majority from a particular region. The second role of the Board of Directors of the CBK is to review the performance of the management, led by the Governor. In terms of performance evaluation, there is much to discuss regarding the CBK. What I have always hoped to see, and I am praying that this new team will prioritize, is the proper implementation of the Central Bank Act. It says that the Governor is the spokesperson of the CBK."
},
{
"id": 1563146,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563146/?format=api",
"text_counter": 286,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
"speaker": null,
"content": "The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
},
{
"id": 1563147,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563147/?format=api",
"text_counter": 287,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
"speaker": null,
"content": "A spokesperson talks to the public. These people are employed to speak to Kenyans about what is happening to the economy, what they are doing to stabilise the Shilling and what they are doing in terms of monetary policy, and so on and so forth."
},
{
"id": 1563148,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563148/?format=api",
"text_counter": 288,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
"speaker": null,
"content": "Mr. Deputy Speaker, Sir, it has been a historical position and a culture amongst Governors of the CBK. Dr. Thugge is the 10th Governor of the CBK. They never speak to the public. The only time you would see Prof. Ndung’u, Dr. Njoroge and now Dr. Thugge speaking to the public is when they appear before parliamentary committees."
},
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"id": 1563149,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563149/?format=api",
"text_counter": 289,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
"speaker": null,
"content": "I would like members of Board of the CBK to come in with a transparency policy. They should get off the old traditions, speak to Kenyans and tell them why our reserves at the CBK are small, what they are doing about it, how they are going to help grow them, and how they plan to stabilise the economy. They should come out and speak to us."
},
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"id": 1563150,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563150/?format=api",
"text_counter": 290,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
"speaker": null,
"content": "If you are the Governor of the CBK, you are not a politician or a person who is there to please anyone. You should speak independently. In fact, your office has constitutional independence. This idea of hiding behind closed doors should stop. In terms of reviewing performance, members of the Board of CBK, especially the new ones who will come in, should insist that the Governor of the CBK as the spokesperson, must come out and speak to Kenyans. They should tell Kenyans what needs to be done, how banks are behaving, whether they are stable or not and how they have managed them."
},
{
"id": 1563151,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563151/?format=api",
"text_counter": 291,
"type": "speech",
"speaker_name": "Sen. Mungatana, MGH",
"speaker_title": "",
"speaker": null,
"content": "There was a time when banks in Kenya were collapsing all over and it became a big story. How do they manage to keep them stable? Do we have any risks and are there banks that do not keep the minimum reserves that have been indicated by the CBK? If that is the case, Kenyans can walk with us and the Governor of the CBK must come out to speak to us because he is a public servant. An independent public servant like him must come out all the time."
}
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