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{
    "id": 482081,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482081/?format=api",
    "text_counter": 219,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Otucho",
    "speaker_title": "",
    "speaker": {
        "id": 12837,
        "legal_name": "Mary Emaase Otuch",
        "slug": "mary-emaase-otuch"
    },
    "content": "I would like to touch on a few areas and especially the amendments. With regard to the Competition Act, No.12 of 2010, this Bill seeks to amend that Act. The purpose is to provide clarity and to align it with the international best practices and also ensure that there is reduced regulatory and transaction costs. We realize that this country has actually suffered the wrath of Kenyans in the recent past because of the high cost of living. When the cost of doing business s high, it contributes to increased cost of goods and services. We need to make amendments and do the right regulations that will help in bringing down these costs. This will ultimately bring down the cost of living. One of the amendments that this Bill seeks to bring forth is one on the National Social Security Fund (NSSF). It seeks to harmonize it to other relevant provisions one of them being the Retirement Benefits Act No.3 of 1997. We are aware that of late we have lost many Kenyans to illicit drinking. This is because most Kenyans have been unable to afford a decent drink and so they resorted to taking cheap illicit drinks. The Departmental Committee on Finance, Planning and Trade is also seeking to bring amendments that will help manufacturers of the alcoholic drinks to prefer a decent and dignified drink for the ordinary Kenyan. That way, we shall reduce instances of illicit drinks. We will also reduce dramatically the kind of deaths we have experienced in the recent path. This Bill is critical and, I, therefore, want to urge Members that we need to support this Bill and bring any further amendments that we may find necessary and in particular those that will be seeking to reduce the cost of living. I thank you, hon. Speaker. Hon. Speaker: You are just thanking. I thought you were seconding. Put it on record, please."
}