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{
    "id": 183436,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/183436/?format=api",
    "text_counter": 202,
    "type": "speech",
    "speaker_name": "Mr. Mututho",
    "speaker_title": "",
    "speaker": {
        "id": 97,
        "legal_name": "John Michael Njenga Mututho",
        "slug": "john-mututho"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, I am sorry; I stand corrected. If you invest in Dubai, you must have 51 per cent local component, but in Kenya, that condition does not exist. This morning, we heard stories about roads that cannot be completed because our contractors do not have capacity. This Ministry is supposed to structure something, so that we do it the way it is done in Dubai. Anybody who wants to come and invest in a construction company, or a mining company, they must own 49 per cent, no more. This means that 51 per cent ownership must be local. Even if a local woman is the investor, she will own it and help in developing this country very fast. Mr. Temporary Deputy Speaker, Sir, people who invest in the rural areas must be given incentives. There are some now, but they are not enough. I want to congratulate one of the investors in Naivasha called \"Keroche Industries\", who for the first time, is competing with East African Breweries Limited. That factory has improved the area, and employs all the local resources around; now, rent for simple houses has risen from Kshs500 to Kshs3,000 and the economy is bound to grow. We are looking forward to the factory being opened this weekend. That is the way to go. They should be given tax incentives and the Kenya Revenue Authority (KRA) should not harass them the way we see in the newspapers. There are many examples. With those many remarks, I beg to support."
}