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{
    "id": 1176065,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1176065/?format=api",
    "text_counter": 71,
    "type": "speech",
    "speaker_name": "His Excellency the President",
    "speaker_title": "",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": "My administration will allocate resources every year to the Hustlers Fund from which micro, small and medium enterprises can access affordable credit to start and expand their businesses. Yesterday, I promised that we will leverage on technology in the management and disbursement of these funds. Shortly, we will be bringing to this House the legislation and regulatory framework to operationalise this fund. There is tremendous opportunity for this House to fully take up its role in resolving the systemic issues that limit access to affordable homes and affordable financing. This administration will unlock housing for the nation by doing a couple of interventions. One, we will work on the provision of land for affordable housing; both public and private. Two, we will provide access to affordable and stable financing for those engaged in social, affordable housing across the country. These two measures will allow us to undertake mass housing production, and thereby shape our approach to urban development and spatial planning, which unlike before, will deliver sustainable and inclusive human settlement. I also wish to express our intention to bring to this House legislative proposals to provide a framework for a housing off-take plan, which will create incentives for developers to invest more money into our housing strategy and on the strength of guaranteed off-take of the completed units. To actualise the enabling infrastructure, we intend to take the following steps; a Public Private Partnership funding framework is envisaged for large capital projects. In order to achieve our target of raising access to water from the current 60 per cent to 80 per cent, Kshs500 billion is required. The Government can provide this gradually, but the private sector can mobilise it all at once. We will thus adopt a Public Private Partnership framework by entering into water purchase agreements with investors. I have already instructed the Public Private Partnerships Unit (PPPU) at National Treasury to work on the regulations that will facilitate the mechanism like we have in our energy sector for investors to work with us on a formula under a water purchase agreement instrument. This way, we will achieve water for all in less than a decade. Concerning electricity, we shall facilitate the development of innovative and effective modalities to provide better off-grid systems, including enabling consumers to form small cooperatives for that purpose. In health, we are bound by duty to take measures to make Universal Health Coverage a reality and liberate Kenyans and their families from the threat of harrowing poverty that stalks them every time a family member falls seriously ill. In our plan, and through your support, we will restructure our primary healthcare system so that we put more resources into promotive, preventive and early diagnosis of diseases. A key driver of this realisation is the National Health Insurance Fund (NHIF) whose restructuring is not only necessary for efficiency but also enables it become a fit for purpose social insurance scheme that caters for all, including those suffering from chronic diseases. Digital technology has become a critical player in economic growth. We will capitalise on existing technology and innovation in the public and private sector to distribute the ‘Hustler Fund’ as promised in our plan. I call upon financial institutions and our young people in innovation to participate in the digital economy by redesigning their products to serve the goal of empowering millions armed with grand ideas and are only waiting for the funds to finance their dreams to reality."
}