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{
    "id": 1506928,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1506928/?format=api",
    "text_counter": 432,
    "type": "speech",
    "speaker_name": "Wajir North, UDA",
    "speaker_title": "Hon. Ibrahim Saney",
    "speaker": null,
    "content": "minds that can develop into profit-making ventures. Many a time, States and governments have not cushioned characters who wield ideas and are endowed with talent to start such great businesses. Those who have the money and resources have exploited them. If you remember the last general election and the just-concluded election in the United States of America and, more so, the Democratic Party support for start-up businesses, was at the core of the campaigns. That has been their manifesto. That is in recognition of the fact that there is that stratum in society. There is that big portion of the society. A prism is bottom-heavy and so is society. The wealthy and endowed are the few on top. At the bottom are the many who have great ideas, but have not had a chance or opportunity to walk into a place that can support them with mentoring. This is a great Bill and a great idea. It puts the Kenyan way of thinking into motion. The Bill will support Kenyan ideas and the noble entrepreneurial skills of many Gen-Zs. As earlier mentioned, the genuine M-Pesa innovator was short-changed and somebody else or a corporate entity is benefiting and raking in billions of shillings from his idea. That is how vulnerable owners of ideas in Kenya are. If those people are not supported, great ideas, minds and thinking will go to waste. It is good to have an inventory of innovations and attempts or trials that happen daily. A start-up ordinarily means putting into motion an idea from its nascent stage to when it develops and evolves into a big, thriving business entity. That has been the history of any big corporation that is recognised in the world today. They were not meteoric. They did not just happen. They grew. They started small and today they are universal. Kenyans equally have ideas that can go global if they are nurtured and supported. The Start-Up Bill is very good. It will coalesce many of the initiatives that are done by the Government. We have had the Hustler Fund, the Uwezo Fund and the Women Enterprise Fund, which were all haphazard attempts to find a way to help the middle class who are unemployed and who need great support for their taxes. They are taxpayers. The Bill is taxpayer friendly. It caters for the lowest denominator. This could be the “Hustler Bill” if only we could synchronise all the attempts we have made in the past two years and synergise them. The Bill talks of tax incentives, subsidies, credit guarantees and capacity-building, which are all good things. I love the confluence of financial support and capacity-building. One is given financial support, incentives and capacity-building. Capacity-building is about mentorship. One is linked to a successful person or a thriving company. That is the company that you need to keep as you grow towards your dream. That is a good and welcome initiative. The Bill proposes a Research Fund to help many skilled people in remote villages in the country. Those are great minds. I know of an illiterate youngster from where I come from who is talented in repairing mobile phones, even though he has not gone to school. He is called in whenever a generator belonging to Kenya Power goes down. He is always available to fix the generator even when those who have gone to school cannot. This is a nice and welcome Bill."
}