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{
    "id": 1567810,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1567810/?format=api",
    "text_counter": 292,
    "type": "speech",
    "speaker_name": "Sen. Mungatana, MGH",
    "speaker_title": "",
    "speaker": null,
    "content": "This Bill intends to bring amendments to various laws that help us in business operations. Most importantly, it marks a positive step toward creating a conducive business environment for those wishing to invest in this country. The first law addressed in this Bill is the Investment Promotion Act, which is being amended. I strongly second the proposed amendments to this Act. I also urge the Committee to carefully review these amendments, and where possible, enhance them further at the Committee of the Whole stage to make them even more effective. One key aspect of these amendments is the introduction of Government-issued certificates for facilitators of foreign investors. Many people have lost their money after coming to this country with the intention of investing. Unfortunately, they often fall into the hands of fraudsters who mislead them, causing substantial financial losses. These fraudulent individuals operate in coordination with certain officials, ensuring that the victims, once conned, are declared persona non grata . This means they lose their money and they are subsequently barred from returning to Kenya. In the meanwhile, these individuals continue living lavishly, flaunting their new cars and luxury purchases on social media yet, it is all funded by money stolen from potential investors. Madam Temporary Speaker, with the introduction of the new proposed Section 3, which accredits individuals who present themselves as facilitators, I declare from the Floor of this Senate that any foreign investor must now seek out a properly accredited facilitator for their investment. You must go to them. Do not find anybody somewhere in the streets who tells you that they know the Cabinet Secretary or so-and-so and they ask you to give them money, so that they do the work for you. There will be people who are properly accredited. That will bring some sanity in this section of business to Kenyans."
}