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{
    "id": 471813,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/471813/?format=api",
    "text_counter": 192,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Abdalla",
    "speaker_title": "",
    "speaker": {
        "id": 382,
        "legal_name": "Amina Ali Abdalla",
        "slug": "amina-abdalla"
    },
    "content": "Hon. Speaker, the other issue that I want to highlight was on the fact of local equity participation in those companies. On some of our neighbouring and other African counties where local community participation is meant to have directors who are indigenous in those companies, we feel that, that is not sufficient. We agree to some extent with the proposal by the Mover regarding the fact that local equity participation should be open to more Kenyans. It was essential that after four years of operation, every large investor should be in the stock exchange. However, the experience we got by visiting other countries show us that although it is the best mode to include the citizenry in investing in that establishment, some of it is not viable. So, we have options of extension and looking at other means of attracting local or indigenous Kenyans to invest in mining. We ask them to look at the section on local equity participation to expand it from just the stock exchange to giving options of whether counties or the Government wants to invest."
}