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{
    "id": 482142,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482142/?format=api",
    "text_counter": 280,
    "type": "speech",
    "speaker_name": "Hon. Musimba",
    "speaker_title": "",
    "speaker": {
        "id": 1804,
        "legal_name": "Patrick Mweu Musimba",
        "slug": "patrick-mweu-musimba"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker for giving me this opportunity to contribute to the Finance Bill. From the outset, I want to support it. Indeed, it has been one of the Bills which I have been waiting for a pretty long time; especially knowing that we have a constitutional timeline to deliver it. From the outset, I want to recognize that the greatest resource in our country is human capital. In so doing, we should be moving towards a level where we promote its well-being and nurture it so that, indeed, it can be our biggest contributor to this great economy. Hon. Temporary Deputy Speaker, our emphasis over the years has been on listed companies. But on proper analysis of our statistics, you quickly recognize that all the listed companies in Kenya only contribute 4.4 per cent of the revenue that we collect year-in, year-out. Thus, it follows that we should be looking and providing a more enabling legislative framework towards growing the bottom-end of our business so that we are able to grow it from small and medium term enterprises to become large corporations. In so doing, we will be promoting intellectual growth. I must say this Bill recognizes intellectual property rights as bestowed. It also aims at nurturing the same in order to grow the opportunity levels within this nation. I think that is the biggest gap. The overriding factor should be that we should cease from spreading the pain. This is because as we are running and talking about a quota within this nation which should be tax exempt, we should be looking and recognizing that probably, at the inception in 1963, we were looking at growing corporations. But increasing our major 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."
}