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{
    "id": 1091139,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1091139/?format=api",
    "text_counter": 87,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": "Mr. Speaker, Sir, what happens if you are to do the same in Kenya? Just come, walk into the Registrar of Companies, set up your business, mint you millions of shillings and repatriate the money. We then think we are a safe destination for people to come and invest. While there are advantages of being an open society where people can benefit by doing flourishing business in your country, I think there should be some level of balance. I am not advocating for the extreme of it where you stop non-locals from setting up any businesses in our country, but I think time has come where, as leaders, we must reflect on how our citizens will benefit. While other nationals are welcome to set up and do business, other than taxes like corporation tax, what returns do they leave in our country? Otherwise, if we are not careful, people will come, exploit all our natural resources and do business in this country. Markets do not last for too long for any particular trade save for the traditional businesses that are known. Some of these new emerging businesses will only be there for 50, 70 or 100 years. People will then shift when there is new technology or ways of doing a particular trade. What happens to the local community, yet we will have squandered our opportunity? We need to learn from some of these countries that ensure they protect their natural resources, but also their own citizens from exploitation so that you teach people to do business and partner with organizations that come to set up shop in our country. I only have one point of concern for Sen. (Dr.) Zani to think about. Sen. (Dr.) Zani is proposing a fine for a person who is found guilty of an offence under sub-clause (1), that is, a person who fails to furnish information that is relevant, or people making false claims under this Act. You want to charge them only Kshs2 million? That is a pat on the wrist. In fact, that is almost like commending them to continue doing this work."
}