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{
    "id": 1060386,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1060386/?format=api",
    "text_counter": 165,
    "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": " Thank you, Hon. Temporary Deputy Speaker. I rise to support the Business Laws (Amendment) (No.2) Bill (National Assembly Bill No.50 of 2020). At any given time as a country, we must always address the challenges faced by very many people who partake businesses of whichever nature. I believe this amendment Bill has been brought before this House for purposes of addressing the bottlenecks many people have faced as a result of COVID-I9 and is a continuous process of improving the business environment. I sit in the Departmental Committee of Trade, Industry and Cooperative, one of the main issues that we keep looking at is how to improve the business environment to enable both Kenyans and non-Kenyans do business seamlessly, at less cost and most efficiently. The World Bank over the years has undertaken a survey to access the ease of doing business all over the world. In 2018, Kenya was ranked No.61 out of 190 economies surveyed and in 2019, it was ranked No.56 out of 190 economies surveyed. Therefore, we are making progress. I believe and trust that these amendments once they become law will make our business environment more hospitable and improve our rating so that we can attract foreign investment. The proposed amendments cover a number of areas like statutory remittances for the NHIF, the NSSF, NITA, insolvency and contract management issues. Again, in the same scope, Kenya has been ranked No.50 in terms of resolving insolvency. We believe the amendments proposed under this Bill will allow Kenya to have an improved rating. Looking at the specific amendments, it is important to harmonise the dates when to remit the so-called statutory deductions and these are in the Industrial Training Act as well as NHIF and The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}