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"speaker_name": "Hon. Musimba",
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"legal_name": "Patrick Mweu Musimba",
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"content": "The Chair of the Departmental Committee on Environmental and Natural Resources alluded to the fact that the necessary safeguards will be put in place and that all these controls will not be vested in individuals who will be tempted by corrupt tendencies. With regard to ensuring that our entrepreneur participation meets our own populace, I urge this House to borrow a leaf from what has been done in the property sector. This is where people can participate through developmental units. They can pool what has successfully been done for the last 50 years in our nation; that is little capital mobilization. Individuals would be part of the contribution towards the companies which, indeed, come and prospect. The little mobilization in terms of thousands of shillings will herald millions that are required to go into the joint ventures purely at formation. This is because the Act says that we are going to participate in the same companies when they list. However, the issue is that once a company has done the prospecting and discovered The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}