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{
    "id": 1155830,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1155830/?format=api",
    "text_counter": 153,
    "type": "speech",
    "speaker_name": "Amb. Ukur Yatani",
    "speaker_title": "The Cabinet Secretary, National Treasury and Planning",
    "speaker": null,
    "content": "achieve this, the Government has been implementing policy and administrative reforms targeted at lowering the cost of and improving access to finance. The Government has also mobilised resources to support construction of affordable housing resources to support construction of affordable housing units and social housing units. Building on the gains and to ensure success of this initiative, I have proposed allocation of Kshs27.7 billion for the Affordable Housing Programme. The proposed allocation includes Kshs4.6 billion to the Kenya Mortgage Refinance Company for enhancement of the company’s capital as well as for lending to primary mortgage lenders, Kshs8.7 billion for construction of affordable housing units as well as Kshs1.2 billion for construction of social housing units. To support the Nairobi Metropolitan Services in reversing urban indignity in metropolitan services, Kshs200 million has been recommended for the NMS Improvement Project and Kshs118.7 million for construction of foot bridges. Other key allocations to the housing, urban development and public works sector include Kshs5.9 billion for Phase II of the Kenya Informal Settlement Improvement Project, Kshs700 million for construction of markets, Kshs1 billion for maintenance of Government pool houses, Kshs1.1 billion for construction of housing units for the National Police Service and the Kenya Prison Service, Kshs700 million for the Kenya Urban Programme. In addition, I have proposed allocation of Kshs1.2 billion to support the Nairobi Bus Rapid Transport Project to offer an efficient and time-saving public transport. Implementation of appropriate policies coupled with enhanced investments in the manufacturing sector has created a conducive business environment to support and protect local industries, generation of jobs and improved livelihoods. To further promote local industries, I have proposed allocation of Kshs10.1billion under various implementing ministries, departments and agencies. Out of this, Kshs1 billion will go to the Credit Guarantee Scheme to enhance access to affordable credit by micro, small and medium enterprises in the manufacturing sector, and Kshs626 million for provision of finances to micro, small and medium enterprises through the Kenya Industrial Estate. I have proposed Kshs2.6 billion for Dongo Kundu Special Economic Zone, Kshs295 million for the development of the Special Economic Zone Textile Park in Naivasha, Kinanie Leather Industrial Park and Athi River Textile Hub, Kshs50 million for the Freeport and Industrial Park Special Economic Zone in Mombasa. Other proposed allocations include Kshs410.4 million for the modernisation of RIVATEX and Kshs3.0 billion for supporting access to finance and enterprise recovery. In order to maximise benefits from our cash crops, the Government will make further investments towards their revival and enhancement of output. In this respect, I propose allocation of Kshs212.1 million for modernisation of cooperative cotton ginneries and a further Kshs250.4 million for the cotton industry revitalisation. To equip our youth with essential training and internship opportunities, I have proposed allocation of Kshs1.3 billion for the Kenya Industry and Entrepreneurship Project, Kshs2.2 billion for the Kenya Youth Employment and Opportunities Project, Kshs500 million for Industrial Research Laboratories, and Kshs200 million for Constituency Industrial Development Centres. As part of the Big Four Agenda, the Government is implementing measures and interventions to achieve food and nutritional security for all Kenyans. These measures include supporting large-scale production of staple food, expanding irrigation schemes, increasing access to agricultural inputs, and supporting small-holder farmers to sustainably produce and market various commodities."
}