This archive report was first published on 11 November 2019.
On November 11, 2019, Chief Justice David Maraga shed light on the interference of key government institutions, coinciding with Parliament's vote to repeal the interest rate cap.
The cap, introduced under the Banking Act 2016, limited interest rates to four percent above the Central Bank's lending rate to make borrowing more affordable for Kenyans.
However, the speed and manner in which the amendments were made have sparked controversy, with some questioning the true intentions behind the move.
One concern is the lack of quorum in Parliament, which has become a recurring issue. This has led to the stymying of rights, such as the two-thirds gender rule and the recent removal of the interest rate cap, potentially affecting ordinary Kenyans.
With the economy on a downward trend, affordable loans are crucial for encouraging investment and economic growth. Higher interest rates, on the other hand, favor banks and may oppress 'Wanjiku.'
The removal of the interest rate cap and the hesitation in enacting the constitutional two-thirds gender rule are examples that highlight the need to gauge our democracy.
As defined in the Constitution, democracy is 'a government of the people, by the people, and for the people.' MPs are obligated to represent the views and concerns of their constituents, who elected them.
However, when quorum hitches occur in Parliament, and it is due to underhand deals or financial inducements, then we have no democracy to speak of.
Parliament must carry out its activities within the ambit of the law, and MPs must represent their constituents without fear of reprisal.
It is time we asked the hard questions and held our MPs accountable for their actions, ensuring that they prioritize the welfare of the people over party interests.
