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{
    "id": 1267681,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1267681/?format=api",
    "text_counter": 163,
    "type": "speech",
    "speaker_name": "Sen. Orwoba",
    "speaker_title": "",
    "speaker": null,
    "content": "Madam Temporary Speaker, I rise to propose that the Konza Technopolis Bill (Senate Bill No.2 of 2023) be read a Second Time. As we are all probably aware, the Konza Technopolis right now actually operates and exists based on a flagship project under a Gazette Notice and a regulation that has expired. This Bill stands to give a legal framework for Konza Technopolis to address certain issues that have given Konza the slow movement in terms of investors and picking up. The Bill proposes to establish the Konza Technopolis and Konza Authority. This is a legal framework that is going to guide the operations of Konza Technopolis. It is going to ensure that certain things which are not in place are put in place based on our Constitution. The Bill will also ensure we give investors the confidence they need in terms of pumping in more money to Konza City. Most of the investors that have expressed interest in pumping in money have certain fears. One of them is that we have regulations that lapse. This means that when you are putting in money, you have to consider that the Return on Investment (ROI) which is actually pegged within the timeframe of the regulations. Madam Temporary Speaker, the Bill will address this by ensuring we have a semi- autonomous authority, which will have a legal framework that can operate as an entity, sign contracts, purchase land and sue or be sued. This will give investors confidence that they are dealing with a legal entity that can be held accountable. The Konza Technopolis Bill also seeks to create a Board. The Board will consist of a Chairperson recruited by the Public Service Commission (PSC) and appointed by the President; Principal Secretaries (PSs) of Information, Communications and Digital Economy, Finance, and Trade, Investment and Industry, as well as two members proposed by the Council of Governors (CoG). We will also have one member appointed by the Cabinet Secretary for Information, Communications and Digital Economy. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard Services,Senate."
}