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"id": 1442262,
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"type": "speech",
"speaker_name": "Mavoko, WDM",
"speaker_title": "Hon. Patrick Makau",
"speaker": null,
"content": "I am also concerned about the proposal protecting some investors. I come from a constituency which hosts all the cement factories. It is true that there is only one supplier of billets. This Bill proposes a 17.5 per cent tax. That means that they were going to protect the monopoly of that investor so that no other manufacturer would find a place in the market. I agree with Members that this country needs industrialisation. We cannot industrialise when we give one investor monopoly power to be the only person determining who will be in the steel industry. This was really going to kill the industry around here. Clinker is an essential element in the production of cement. If we tax the cement as proposed in the Bill, which is about 10 per cent, even the affordable housing we are discussing will not be possible. If this Bill addresses clinker being zero-rated, the cost of cement and construction will come down. I do not see this Bill helping Kenyans the way it is. I stand here to oppose it in totality. Hon. Speaker, we had a set of amendments. Let us look at them as a House to make the Bill neat to benefit all Kenyans. I thank you."
}