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"id": 1518743,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1518743/?format=api",
"text_counter": 208,
"type": "speech",
"speaker_name": "Nakuru Town East, UDA",
"speaker_title": "Hon. David Gikaria",
"speaker": null,
"content": "Hon. Temporary Speaker, our country has vast gold resources. Following an extensive aerial geo-survey, we identified 971 different minerals, 27 of which are classified as strategic minerals, including gold. This Bill proposes amendments to the Mining Act to incorporate those 27 strategic minerals. If enacted, our country will significantly reduce its reliance on borrowing. The contribution of gold to the GDP is projected to increase to 7 or even 8 per cent. Besides the contribution to the national revenue, the royalties collected will benefit both the county governments and local communities that are engaged in mining. This Bill seeks to reduce the bureaucracy in the licensing process. Currently, obtaining a license for a gold business is a cumbersome process. One must secure consent from the landowner, county government, and multiple other agencies, leading to unnecessary frustrations. Many people struggle for years before acquiring a license. We are now trying to simplify this process. If someone wants to invest in the gold sector, they should not have to wait 25 years to get the necessary license. With those remarks, I fully support my brother, Hon. Bernard Shinali, for coming up with such a good Bill. We will start with the gold sector, and then we will expand to include other minerals thereafter."
}