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{
    "id": 240955,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/240955/?format=api",
    "text_counter": 149,
    "type": "speech",
    "speaker_name": "Mr. Kagwe",
    "speaker_title": "The Minister for Information and Communications",
    "speaker": {
        "id": 229,
        "legal_name": "Mutahi Kagwe",
        "slug": "mutahi-kagwe"
    },
    "content": " Mr. Deputy Speaker, Sir, I rise to support the Minister and address a the issue of investors' confidence. We, as a nation, speak about attracting foreign investments as well as increasing domestic investments. For us to industrialise, we, as a nation, have to appreciate the work that has been done by the Minister and his team. We should appreciate that the perception of Kenya as an investment destination has, indeed, changed. The reason why that has changed is because the returns on investment in Kenya are some of the highest in the world. When companies invest, they do so basically to make profits. Word should go forth from this House to every investor locally and internationally that returns on investments in Kenya are extremely high. I investors should re-locate to Kenya because this is where money is being made. Mr. Deputy Speaker, Sir, this is particularly important when one considers that the work that is being done by the three governments in the East African Region is such that the industrial and trade market will no longer be one of just Kenya. It is one of a hundred million people who are all located in this region, and who continue to increasingly be empowered as far as consumption is concerned. It is not enough that we have one hundred million people. It is better that we have a hundred million people who have the capacity to consume goods and services. Mr. Deputy Speaker, Sir, the move forward on industrialisation is based on the public/private partnership. This has continued to grow very strongly. We want to ask the Minister, and I will support him, to ensure that the private sector is involved at all levels of decision making July 26, 2006 PARLIAMENTARY DEBATES 2393 as far as making changes, both legislative and regulatory in the investment sector of this country. Mr. Deputy Speaker, Sir, I would like to say here that the Information Communication and Technology (ICT) sector remains as the area where people should be going to invest. are concerned. The Indian sub-continent has two million people working in out sourcing alone. Business out sourcing and back office operations employ over two million people in India. We are doing everything possible in the Ministry of Information and Communications to ensure that the connectivity required to lay the foundation and environment in which out sourcing business can thrive, is put in place. Therefore, we will be working very closely with the Ministry of Trade and Industry to ensure that the ICT business grows. However, it is not enough that we sell Kenya as an ICT investment destination to foreigners only. At the moment, many Kenyans do not appreciate or understand how the ICT business works and what the ICT business is all about. Mr. Deputy Speaker, Sir, today, if you talk to investors in Kenyaand you ask them about a back office operation, including even hon. Members, particularly, the ones who are speaking, they might not know what a back office operation means."
}