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{
    "id": 1522966,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1522966/?format=api",
    "text_counter": 410,
    "type": "speech",
    "speaker_name": "Mbeere North, DP",
    "speaker_title": "Hon Ruku GK",
    "speaker": null,
    "content": " Hon. Speaker, I was saying that the establishment of a corporation to regulate the gold business is very important. As you may know, gold business is an international trade and the international standards should be assimilated in the most appropriate way. Appropriate licences should be given and verified. Verification of the licences is critical. There are areas in Africa where gold is in plenty but the consequences of mining that gold are dire. It can be war gold or black gold. Many people have lost their lives in the process of mining and selling gold. Selling gold can facilitate trade wars and armed dealings. The corporation will institute rules and regulations, regulate acquisition of licences, ensure international accreditation is well facilitated, regulate how the gold tests and gold grading will be done, and regulate the purification, smelting and refining of gold. It will also take care of gold transportation. It will be one of the most critical institutions that will ensure we have more investors in this trade in Kenya. I listened to the former Deputy President of the Republic of Kenya mention that President William Ruto is in gold business with one of the leaders in Sudan. That was a reckless statement from the former Deputy President. Now that we are discussing about gold dealings, it is important to mention that this is an international trade with credible traders. It is high time that Kenya, through the National Assembly, ensures we have a properly regulated gold business. I support the Bill because it is well drafted. However, we will need to look at the other minerals like mica and coltan in Mbeere. We have aquamarine, bismuth, iron and copper in Mbeere. If this National Assembly can come up with a law regulating all these minerals so that we take advantage of them as a nation, we can be in a position to repay some of the debts killing the economy of the Republic of Kenya. I support. Thank you."
}