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{
    "id": 371456,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/371456/?format=api",
    "text_counter": 521,
    "type": "speech",
    "speaker_name": "Hon. Nyenze",
    "speaker_title": "",
    "speaker": {
        "id": 1987,
        "legal_name": "Francis Mwanzia Nyenze (Deceased)",
        "slug": "francis-mwanzia-nyenze"
    },
    "content": "If you compare the economy of Kenya to those of South Africa and Ethiopia, we have an economic growth of below 5 per cent while Ethiopia has an economic growth of over 12 per cent annually. One of the reasons why some of those countries are growing very fast in the Sub- Saharan Africa is power connection. If we can offer cheap power to industrialists for production, the cost of doing business would be cheaper. We will attract more foreign investments and our economy will grow in double digits. That is good for diversification and competition. It is also good to break the monopolistic approach that has been there in the power sector. The Kenya Power has been the only player in the field. When you are the only player and there are no alternatives, you die out. You lack innovation and there is no competition. You do as you wish because people have no choice. When you open up, you create competition by liberalizing the sector, bring in more players to produce power and then they can compete on the basis of how expensive they are."
}