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{
    "id": 473001,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/473001/?format=api",
    "text_counter": 383,
    "type": "speech",
    "speaker_name": "Hon. Nuh",
    "speaker_title": "",
    "speaker": {
        "id": 2840,
        "legal_name": "Junet Sheikh Nuh",
        "slug": "junet-sheikh-nuh"
    },
    "content": "Hon. Temporary Deputy Speaker, one of the issues I wanted to urge the Committee to look into is when a company is incorporated to do mining in this country. It should be forced to be part of the Stock Exchange so that Kenyans can buy shares in that company and own it. Secondly, the Bill is concentrating more on large scale than small scale miners and forgetting about the majority who are the artisans. So, the Committee should bring an amendment to make sure that the artisans are taken care of. There is the issue of sharing of revenue which the Bill has not talked about. I would like to propose an amendment where those revenues should be shared 50/50 by the county governments and the national Government. Again, the county governments can allocate 10 per cent to the communities where those minerals are found. As part of devolution - and because Kenyans have been complaining so much now about historical injustices in terms of people saying they have been deprived of this and that - it is now time to make it clear that the resources that are going to be found in your county are going to be shared because all resources are assumed constitutionally to belong to the Government of the Republic of Kenya. They need to enjoy the benefits from the minerals that have been found in their areas. I suggest that we should share on a 50/50 basis so that part of the revenue remains in that area in order to develop it. Lastly, there is this issue of free carrier where, when a company is incorporated, the Government gets a shareholding of 10 per cent. If they want to increase their shareholding, they should go through the normal way and buy their shares through the Nairobi Stock Exchange. Otherwise, that might erode investor confidence. This Bill is proposing that the Government should put up a national mining corporation so that the Government can involve itself in mining. I think that is the wrong way to go. The Government should remain in the domain of policy making. It needs to come up with policies that will enable a good environment for investment. If the Government involves itself in mining, there will be a lot of conflicts of interest and it will have serious wars with other international mining companies. Even where the Government has invested---"
}