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{
    "id": 1353367,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1353367/?format=api",
    "text_counter": 233,
    "type": "speech",
    "speaker_name": "Baringo North, UDA",
    "speaker_title": "Hon. Joseph Makilap",
    "speaker": null,
    "content": "attractive, it caused what we currently call ‘artificial shortage of US Dollars’ thus impacting on the exchange rate in favour of the US dollar. How do we bring it down? We have put some proposals in place. We need to revamp our tourism industry to attract more tourists, who will come with many dollars to pump into our economy. This will ensure that whenever anyone wants to do business or import goods and services, dollars are available. Tourism is the most strategic area that will bring in a lot of resources in dollars. Today, many tourists are running away from this country to our neighbouring countries, especially Tanzania. When the County Government of Narok raised the access fees and many other levies for Maasai Mara National Park, tourists went to our neighbouring country and took their dollars there, thus creating a shortage of dollars in our country. There is need for us to make a lot of effort to attract direct investment, especially in the tourism sector. Secondly, we need to increase production in agriculture so as to enhance our exports to generate dollars. That is the only way we can grow our economy. We can also promote manufacturing. We must retain our investors rather have investors running away to our neighbouring countries only for us to bring in processed goods yet the raw materials are sourced from our country. We must encourage industrialisation. Investors should put up industries to bring in more money in form of dollars as we export our goods. We have made some proposals geared towards making repayment of our debts easier. That is why we are saying we want to run away from domestic borrowing…"
}