Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1512409,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1512409/?format=api",
    "text_counter": 780,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Chairman. I beg to move that New Clause 14A be now read a Second Time. This amendment seeks to reduce the cumulative investment value from Ksh3 billion to Ksh1 billion shillings for investment deduction at 100 per cent. This honourable House gave an incentive for investment deduction over the years for investments outside Nairobi. We capped it at Ksh5 billion in 2021. There was no uptake because Ksh5 billion was too high. Last year, we reduced it to Ksh2 billion. Again there was no uptake because Ksh2 billion was too high. During public participation, we were told that if we reduce it to Ksh1 billion we would get investors who are willing to set up manufacturing and businesses worth, at least, Ksh1 billion outside Nairobi. That way, we can decongest businesses in Nairobi."
}