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{
    "id": 1089397,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1089397/?format=api",
    "text_counter": 297,
    "type": "speech",
    "speaker_name": "Sen. Sakaja",
    "speaker_title": "",
    "speaker": {
        "id": 13131,
        "legal_name": "Johnson Arthur Sakaja",
        "slug": "johnson-arthur-sakaja"
    },
    "content": "Sen. M. Kajwang' mentioned the agricultural based indexing for weather and soil that are getting work in Nigeria yet in Kenya we have not had the ecosystem. There is a gentleman called Joram Mwinamo, who is part of those I mentioned last week. He says that this is not a perfect Bill but it is a perfect beginning on the journey of building a start-up ecosystem that will drive economy. This is a legislative framework that we are putting up. Other countries saw what we did when we started and have now implemented it before us. In fact, if you go to President Buhari Website, he is mentioning the Start-Up Bill because we have been a bit slow. So, I hope we can get to do it. Sen. Kavindu Muthama mentioned something very important and because you are still here, I will mention. You spoke about the artists. The biggest income earner for artists is not CDs and record sales, it is Skiza tunes. I have seen a group today at Ndakaini celebrated. This is because we have really worked hard to make sure the revenue share on Skiza, a multibillion industry, goes directly to the musician. I am happy and must thank Sylvia Mulinge of Safaricom. This is because tomorrow, they are coming to our Committee to deal with the issue of artists getting their royalties from media houses so we have broadcasters coming together with the Cabinet Secretary (CS). However, more important, Safaricom will come to our Committee and explain how that revenue share has changed from the time I was pushing in 2015 with the late Bob Collymore. I must thank President Uhuru Kenyatta. This is because at that time, out of Ksh1 the musician was getting less than 20 cents from his or her own music because of mis- match in revenue share. Now, it will go much higher. I will not announce it on their behalf because they will do it. There is so much that we can do. There is a world of opportunities. I must mention as well, because it has come up and it came up during public participation. There are many interventions that have a money Bill nature. The biggest thing we want to do is to be risk investors. All these venture capitalists and Sen. Moi spoke about some who are predatory, who see this noble idea coming from Vihiga, Makueni or Kisii and want to put in USD 1million should be de-risked to a certain percentage, for example, 20 or 30 per cent so that if it does not work, they can recoup it. That is a big thing. This is because the Government will not be able to fund start- ups. We do not have enough money for that. However, around the world, there are all these venture capitalists and angel investors and companies, for example, Endevour Africa Limited that is doing amazing things with our start-ups and young people that can attract them. I sat with the young people and it was painful to hear their ideas. They were saying that, they are Kenyan but are registered in Mauritius or China because of the limitations that we have. I have my eyes on the clock I know in four minutes and I want someone moving the other Bill."
}