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{
    "id": 471913,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/471913/?format=api",
    "text_counter": 292,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Abdalla",
    "speaker_title": "",
    "speaker": {
        "id": 382,
        "legal_name": "Amina Ali Abdalla",
        "slug": "amina-abdalla"
    },
    "content": "Hon. Temporary Deputy Speaker, this Bill provides for different types of licenses. There is a prospecting license that is for three years renewable for another two years. There is a mining license for five years renewable until the lifespan of that mining operation. Those periods are in the Bill. The 25 years were mentioned by hon. Wamalwa, but they are not in the Bill. The last point the Member mentioned about the Kshs500 million, Article 71 of the Constitution provides that this House has to ratify agreements between an investor in any natural resource sector. We are saying that small investments in the sector should not bog down this House. We are saying that every investor in that sector must pay Income Tax and the royalties stipulated by the Cabinet Secretary. When there are exemptions for large scale miners of over Kshs500 million, that is when that investment should be ratified here in the House. All the other agreements that these investors will be entering into are going to be put on the website of the Ministry of Energy and Petroleum. We need to define what the Kshs500 million will be about. It will be about a Cabinet Secretary not deciding which person to exempt from royalties and Income Tax. Those that he has to exempt have to be of a certain level and must come to Parliament for ratification."
}