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{
    "id": 17334,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/17334/?format=api",
    "text_counter": 470,
    "type": "speech",
    "speaker_name": "Mr. Ogindo",
    "speaker_title": "",
    "speaker": {
        "id": 120,
        "legal_name": "Martin Otieno Ogindo",
        "slug": "martin-ogindo"
    },
    "content": "Thank you, Madam Temporary Deputy Speaker. I rise to support the Capital Markets (Amendment) Bill, and I want to thank the Minister for having taken courage to tread the untrodden path. This country is endowed with a lot of resources but it lacks the courage to open up its resources for exploitation for the welfare of Kenyans. Madam Temporary Deputy Speaker, you will recollect that most of the developed countries were developed by outsiders. South Africa, Hong Kong and Malaysia are cases in point. It is important to create a regulatory framework where foreign investors are able to operate. We have a resource like Lake Victoria. The fish that is there naturally is depleted, and the option there is to engage in fish farming. With this kind of Bill, I know there are people who will be attracted to try to undertake this farming. We have the Suswa geothermal site. This is a potential site that can go a long way in unlocking the potential of this country. But today you hear that somebody is walking with a licence in his pocket. What we want are people who are able to come here and invest in this potential. I see that this Bill is going to go a long way in creating a conducive environment where people will be able to make such investments."
}