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"id": 1060399,
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"type": "speech",
"speaker_name": "Kinangop, JP",
"speaker_title": "Hon. Zachary Thuku",
"speaker": {
"id": 13380,
"legal_name": "Zachary Kwenya Thuku",
"slug": "zachary-kwenya-thuku"
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"content": " Thank you, Hon. Temporary Deputy Speaker. I will be a bit fast because of time, so that I can donate some time to Hon. K.J. As I support this Bill on Business Laws (Amendment) Bill which is a raft of statutes, I wish to state from the outset that as much as I support, I think whatever it is that we are trying to address is so simplistic. The laws that we should address are the laws that touch directly on the business community that we have in the Republic of Kenya. Indeed, the kind of requirements that businesspeople go through for them to engage in any form of business in this country are so many and the cost is up there. I want to thank the Leader of the Majority Party for dropping the two statutes relating to construction industry. One of them is the National Construction Authority (NCA). I had gone through their recommendation and dropping them was in good faith because it would have made doing business in Kenya very difficult. If for instance you are interested in doing construction, the kinds of licences that you have to get result into such big losses to any business entity. That is why comparatively, Kenya is not the best destination for people who want to invest because of the kind of frustrations they go through to get all the approvals that are required. If you are in power industry you have to go through the regulatory body called Energy and Petroleum Regulatory Authority (EPRA). You have to get trading licence and tax compliance certificates which are also a big issue and deterrent to people who are serious in doing business. One thing I would recommend going forward is, we should look at Value Added Tax Act so that businesspeople are not required to file their returns monthly; this can be done quarterly. The issue 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."
}