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{
    "id": 183559,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/183559/?format=api",
    "text_counter": 103,
    "type": "speech",
    "speaker_name": "Mr. Mbiuki",
    "speaker_title": "",
    "speaker": {
        "id": 79,
        "legal_name": "Japhet M. Kareke Mbiuki",
        "slug": "japhet-kareke-mbiuki"
    },
    "content": "Mr. Deputy Speaker, Sir, the Kenya Sugar Development Fund (KSDF) receives 4 per cent of all the sugar sales. Out of that 4 per cent, cane development and maintenance gets 0.66 per cent and infrastructure or capital development gets 0.1 per cent. So, a total of 1.37 per cent is used as a revolving fund for sugar development. Mr. Deputy Speaker, Sir, out of the loans that are given out through the KSDF, they attract an interest rate of less than 1 per cent. The interest rate was used to increase the Fund from Kshs3.2 billion to Kshs4 billion. Mr. Deputy Speaker, Sir, we are going to use the money accruing from the interest rates and the profits to ensure that there is no further taxation of the farmers. The farmers are only levied 1 per cent for the cess and 1 per cent for the Marketing Body Levy. Thank you, Mr. Deputy Speaker, Sir."
}