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{
    "id": 1072117,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1072117/?format=api",
    "text_counter": 365,
    "type": "speech",
    "speaker_name": "Kipipiri, JP",
    "speaker_title": "Hon. Amos Kimunya",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "I know that there are several amendments that the Committee has proposed and I am sure the Chair of the Committee will be sharing some of those with us. I really want to thank the Committee because, as I said, this Bill was introduced in the House in March 2021. The Committee took it upon themselves and has done public participation on it. They have internalised what was there from 2014 to 2017 and what is there currently. If you all remember, we had already passed this through the 2017 amendments, but in terms of the new matters, there has not been that much. We are able to debate this and finish it, and hopefully have it in law in the next couple of days or even weeks, so that as the rest of the world is beginning to recover from COVID-19 and people are looking for places to invest their money, Kenya will be ready saying: “We have simplified business laws as we changed the business regime.” We will also be telling them that we have a modern and simplified PPP framework that they can participate in. We will have a new constitutional order that guarantees peace and unity, and avoids the turbulence that we see during elections, which is one of the things that keeps off investors. They are the ones who see that predictability. The sum total of all these investments in terms of legal, political and economic frameworks is what will help increase the flow of direct foreign investments into the country, which will then spur the development that we need. It will create jobs and revamp our economic base for taxation to go up. And we will be able to repay some of the loans that we took to do things that perhaps we should have funded through these PPPs. For example, we could have handled the railway and a number of roads through PPP. In return, all that money could now have gone into other social interventions to secure the vulnerable groups and others. So, Hon. Temporary Deputy Speaker, like I said, I love this topic and the changes that are coming with this Bill. I want to encourage even our own Kenyan investors. I know the highway was done by the Chinese while Lot 33 was done by a Kenyan company. This thing is not about foreigners; even Kenyans can participate in these initiatives. I encourage them to take advantage. When we pass this law, we should have a whole lineup of projects that people think they can do - not just at the national level, but also in our constituencies and our counties - to spur development across the entire country. With those remarks, I beg to move and ask the Hon. (Ms.) Gladys Wanga, the Chairperson of the Departmental Committee on Finance and National Planning to second."
}