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{
    "id": 416646,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/416646/?format=api",
    "text_counter": 30,
    "type": "speech",
    "speaker_name": "Hon. Limo",
    "speaker_title": "",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "country. Before I contribute to this Bill, I wish to thank the House for passing the Uwezo Fund Regulations yesterday. I want to urge the women and youth of this country that the opportunity is in their hands now. It is now for them to form groups of between five people and 15 people and be ready to get the funds. We also urge them to look at investment opportunities in this country so that they invest wisely and ensure that they refund the funding so that this Fund can grow and boost the economy. We also urge this House that in the next budget we also consider allocating more money to this revolving fund. It is actually an issue for any country in the world to really invest in the youth and women. We also recognize that this country has moved a step forward. We have had visitors visiting this country to look at what we are doing, especially if you look at the CDF and now the Uwezo Fund. We need to move forward and ensure that we empower our people. On this amendment, this is a very good move. We have finally recognized that other than the regulation that was set by the Government to ensure that 30 per cent of the tenders are given to the youth, women and the disadvantaged people of this country, we have an opportunity now to put this regulation into law so that it has more strength and ensure that it is complied with. Once this regulation is put into the Act it will be binding for both the national Government and the county government. It will give the youth more opportunities in business. This is because it will give confidence to the institutions which are financing businesses. I know that once the youth acquire tenders, they will be able to move to any bank to get funding other than the ones the Government will be providing through the Uwezo Fund. It is worth noting that the youth of this country have been taken for a ride for a long time. If you look at the tenders that the Government has been issuing, the youths have always been pushed aside so supply things like newspapers, mandazis and stationery which are of very insignificant value. However, this amendment will ensure that it is not only 30 per cent but it is 30 per cent of the value so that if the Government is giving tenders of Kshs100 million, the youth will be assured of Kshs30 million. Therefore, this one is a very good control to ensure that they get real value for their money."
}