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{
    "id": 393744,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/393744/?format=api",
    "text_counter": 155,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Lonyangapuo",
    "speaker_title": "",
    "speaker": {
        "id": 447,
        "legal_name": "John Krop Lonyangapuo",
        "slug": "john-lonyangapuo"
    },
    "content": "Mr. Temporary Speaker, Sir, I said that anything that we put on as underwear should not be sold in the second hand market. We should not have those types of clothes being sold in the second hand market. I am also asking that we create, in this Motion, a revolving fund just like we created one under the Sugar Levy Fund. You have heard Sen.(Dr.) Khalwale ask why Mumias Sugar Company (MSC) was not given money from the revolving fund. When we have such a fund, it will be easy to replace obsolete machines that are in our textile firms with modern ones. I remember when I visited Webuye Pan Paper Mills – this one is not meant to manufacture clothes - I saw one machine which was manufactured in 1890. This machine is still working up to now. The machine consumes a lot of power. We could, for example, give them a revolving fund, a place where they can access loans at low interest rates just like it was envisaged in the 1960s when they decided to form the Industrial Development Bank (IDB) which was supposed to give low interest rate loans specifically to industries. The market was liberalised in 1989 and everything was wiped out. The two previous Governments, the one of President Moi and the that of Jomo Kenyatta had no idea those days about how to disburse these funds. I am proposing that a revolving fund can be given through any bank, the Kenya Industrial Estates (KIE) or the IDB so that industries could upgrade their machinery. They should peg the fund on the number of jobs that they create and the taxes that they pay. If we agree, as a Senate, that the Government should take this direction, then we will not need to wait for four years for the Government to bring down the cost of power. We can begin that now. The backlog for Kenya is very high. If we say that we will wait until that time, then we will have five more million people. Without anything to feed them, we will have created five million more problems. Unless we address them now, we will have problems by reviving what belongs to us. This way; the phrase Buy Kenya, Build Kenya will have a meaning. I support and ask Senator Wamatangi, who has suffered most because most industries that were closed are in his county, to second the Motion."
}