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{
    "id": 225597,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/225597/?format=api",
    "text_counter": 90,
    "type": "speech",
    "speaker_name": "Mr. Were",
    "speaker_title": "The Assistant Minister for Information and Communications",
    "speaker": {
        "id": 153,
        "legal_name": "David Aoko Were",
        "slug": "david-were"
    },
    "content": " Mr. Deputy Speaker, Sir, I beg to reply. (a) Yes, I am aware that the law requiring that 30 per cent of shares in the telecommunications sector be locally-owned, is a hindrance to the growth of the industry. The requirement has, indeed, hindered the licensing of the second national fixed line telephone operator and the third mobile telephone operator. Mr. Deputy Speaker, Sir, the records held by the Government indicate that in the two instances, the local partners were unable to raise the 30 per cent and, thus, stifling the licensing process. (b) My Ministry is undertaking a policy review to ensure that the local equity participation will only apply to small licences, such as internet and retail services and telecommunications dealers and contractors, where many Kenyans are capable of participating. Mr. Deputy Speaker, Sir, bidders for large infrastructure projects will be allowed to commence operations, but gradually increase the local equity participation, through partnerships or listings of the shares at the Nairobi Stock Exchange within a specified period."
}