HTTP 200 OK
Allow: GET, POST, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept
{
"count": 1608389,
"next": "https://info.mzalendo.com/api/v0.1/hansard/entries/?format=api&page=154838",
"previous": "https://info.mzalendo.com/api/v0.1/hansard/entries/?format=api&page=154836",
"results": [
{
"id": 1566562,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566562/?format=api",
"text_counter": 315,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"speaker": null,
"content": "We are now amending statutory instruments. It has been 15 years since the promulgation of the new Constitution, yet we do not have a law governing the cooperatives movement. That is why people, including people in your county, Narok County, fear touching cooperatives despite their great potential. This is because they know that there is no guarantee of safety of those returns the minute we have more than 10, 50 or 100 people."
},
{
"id": 1566563,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566563/?format=api",
"text_counter": 316,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"speaker": null,
"content": "We must tighten that particular space for us to go back to 1980s and 1990s. During those days, people used to gather at the KICC during the annual cooperatives day and leading cooperatives across the country, would be commended and rewarded for"
},
{
"id": 1566564,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566564/?format=api",
"text_counter": 317,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"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": 1566565,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566565/?format=api",
"text_counter": 318,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"speaker": null,
"content": "exceptional performance during the financial year. That is what we are seeking to achieve."
},
{
"id": 1566566,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566566/?format=api",
"text_counter": 319,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"speaker": null,
"content": "When I was moving this Bill, I mentioned that it is voluminous because it is a combination of industry stakeholder views that has been collected for the last 15 years. This is the third time this Bill is coming to Parliament. We tried it in the 11th Parliament but it died in the National Assembly. If you recall, we began this Bill in the Senate in the last Parliament. However, as is the tradition, it died a natural death when it got to the National Assembly."
},
{
"id": 1566567,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566567/?format=api",
"text_counter": 320,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"speaker": null,
"content": "This time, we are lucky because it is their Bill. The Senate is the ‘upper’ House. We are not the ‘upper’ House because we need powers or anything. We are the ‘upper’ House because we know that there are things that are not worth fighting for. We do not look at who commenced a Bill. If a Bill is good, we should separate on it. I, therefore, urge Sen. Ledama to take the weekend to improve this Bill by reviewing it page by page. It contains many important proposals, which I have already examined step by step in my moving notes. I heard Sen. Ledama’s point regarding the necessity of a national director for cooperatives. This role is crucial as it serves as the registrar of all cooperatives. While we have established county-level registrars, we must consider that some SACCOs and cooperatives operate across multiple counties. Take Imarisha SACCO as an example. It operates in Kericho, Narok and Bomet counties. If it were solely managed by a county registrar, how would issues arising in neighbouring counties be addressed? This demonstrates the need for coordination at the national level, and not under a Cabinet Secretary. This is because a Cabinet Secretary is the head of policy formulation. However, for day-to-day operations and management, a designated official at that level is necessary. Therefore, our colleagues have good reason to take time before concluding this matter. We still have ample time to finalize the work. I am aware that the Standing Committee on Labour and Social Welfare tabled their report last week. I urge Members to read it thoroughly and appreciate the insights shared by stakeholders, particularly why they consider this matter to be of urgent importance. Sen. Ledama, I encourage you to carefully review the report from the Standing Committee on Labour and Social Welfare paying special attention to the memorandum submitted by the SACCO Societies Regulatory Authority (SASRA) regarding the challenges in this space. More importantly, beyond the challenges, we must consider the opportunity costs we are missing as a country by not regulating our SACCOs properly. If we get this right, we may not even need the many banks currently operating, as SACCOs are increasingly competing with them. Many banks focus on buying and selling Government securities rather than lending to ordinary citizens. If SACCOs are strengthened and properly regulated, they could provide better financial access to the people, driving economic growth from the grassroots level. A stronger SACCO, Sen. Ledama---"
},
{
"id": 1566568,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566568/?format=api",
"text_counter": 321,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"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": 1566569,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566569/?format=api",
"text_counter": 322,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"speaker": null,
"content": "The beauty of the SACCOs is that they provide financial support directly to the people we represent in this House. Very few of those who vote for me rely on commercial banks for loans; perhaps hardly 10 per cent. However, more than 90 per cent are members of a SACCO, where they save and access credit. Therefore, as representatives of the people, it is in our best interest to ensure that SACCOs are properly regulated and guided to expand their services and impact. Since we are at the Second Reading stage and we have agreed--- I have listened to the comments made by Sen. Omogeni. He has proposed certain amendments to this Bill. I am sure that after Sen. Ledama has read the Bill thoroughly, he will compile additional recommendations. I also heard Sen. Cherarkey’s remarks regarding the regulations needed to strengthen the SACCO movement in this country. This kind of investment and innovative thinking is precisely what built the so-called Asian Tigers. They ensured that they moved beyond the call of duty. Mr. Temporary Speaker, earlier, I expressed my disappointment with the former Chair of the Committee on Finance and Budget in the National Assembly over statements made about the National Social Security Fund (NSSF). He claimed that the NSSF's role is to seek what he theoretically referred to as 'optimal investments', without properly defining what those optimal investments are. For the past six years, NSSF has largely been occupied with paving roads with cabro blocks and constructing estates in this country. Meanwhile, if you look at the Nairobi Securities Exchange (NSE), it thrives on pension funds from across the world. Investors are actively seeking opportunities here, including the largest shareholders in Safaricom and East African Breweries Limited (EABL), among other companies. When our pension fund explores creative investments, we, as leaders, must not spread fear. Some claim people's money is at risk simply because NSSF wants to partner with other investors. Take the Mau Summit-Rironi Road, for example. This is a viable investment opportunity. I had also pointed out the Nairobi Expressway. Is the Member not aware that the company that runs the Expressway borrowed from savings of people in their home country to come and invest in such a project and recoup the money over the years? Have they heard if the entity has collapsed? In fact, there is more business than they can afford. That is why there is traffic nowadays even on the Expressway, especially during rush hours because many people are using it. That tells you that there is an opportunity."
},
{
"id": 1566570,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566570/?format=api",
"text_counter": 323,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"speaker": null,
"content": "We should not allow that as leaders. Instead of being leaders in hope, we become agents of gloom and hopelessness simply because we have fallen out of political favour. We must resist that kind of political culture and encourage our institutions to be bold. That is what we expect of the National Social Security Fund (NSSF) and SACCOs to be investors as well."
},
{
"id": 1566571,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566571/?format=api",
"text_counter": 324,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "The Senate Majority Leader",
"speaker": null,
"content": "Sen. Olekina, it will be good that after we have regulated our own SACCOs properly, they invest in the Nairobi Securities Exchange (NSE). People from Ilmotiok, Ololulunga and other parts of Narok; young men who can organise themselves, young"
}
]
}