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{
    "id": 1451372,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1451372/?format=api",
    "text_counter": 219,
    "type": "speech",
    "speaker_name": "Sen. Wamatinga",
    "speaker_title": "",
    "speaker": {
        "id": 13582,
        "legal_name": "Wahome Wamatinga",
        "slug": "wahome-wamatinga"
    },
    "content": "Thank you very much, Mr. Temporary Speaker, Sir. I rise to move that the Local Content Bill (Senate Bills No. 50 of 2023) be now read a Second Time. The Local Content Bill (Senate Bills No.50 of 2023) was published vide the Kenya Gazette Supplement No.224 on 25th November, 2023 and was introduced in the Senate in the way of the First Reading. Further on, the Bill was committed to the Committee of Energy, which I chair. Pursuant to provisions of Article 118 of the Constitution and Standing Order No.145, the Standing Committee on Energy did public participation as required. On 10th August, 2023, the Committee published an advertisement of the national dailies and responses were received from various stakeholders. The Local Content Bill (Senate Bill No.50 of 2023) seeks to provide a framework to facilitate the local ownership, control and financing of activities connected with the exploration of gas, oil and petroleum resources to provide a framework to increase the local value along the chain. The Bill aims to enhance Kenya's economy by increasing the local content in the extractive industry through systematic development and the national capacity capabilities and investment in the local workforce by enabling technology transfer, services and supplies to maximise the benefits shared by the local community. The Bill, therefore, intends to maximise the level of usage of local goods and services, people, businesses and enable a framework within which the local people can benefit. Specifically, the Bill focuses on the oil, gas and other petroleum resources sectors in Kenya. To this effect, the law shall apply to all commercial activities related to exploration, extraction and development of oil, gas and other petroleum resources in the extractive industry in Kenya. It seeks to promote the maximisation of value addition and the creation of employment opportunities within the extractive industries along the value chain through the use of local expertise, goods, services, businesses, financing and retention in the country. Having conducted public participation in the Bill, the Committee has come up with a few recommendations that will be proposed at a later stage as amendments to be 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 and AudioServices, Senate."
}