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{
    "id": 493554,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493554/?format=api",
    "text_counter": 255,
    "type": "speech",
    "speaker_name": "Hon. Nyenze",
    "speaker_title": "",
    "speaker": {
        "id": 1987,
        "legal_name": "Francis Mwanzia Nyenze (Deceased)",
        "slug": "francis-mwanzia-nyenze"
    },
    "content": "development by regulating its financial sector, developing its transport infrastructure and doing away with unnecessary politics. It is focusing all the energies of its citizens into achieving one goal of development. For Committee Members who accompanied me - I led a delegation to China on benchmarking - as leaders who represent our constituencies, we can borrow a leaf from what the Chinese have done by uplifting more people from poverty and by trying to streamline their financial sector, developing their transport infrastructure and the labour market. If Kenya has to develop--- This Bill has come at the right time and so, let us implement it. Let us be very strict on the punishment for those who violate the law that we are about to enact. I want to thank hon. Langat and his Committee. They did a good job and it is always good when a Committee becomes serious, sits, dissects and looks at issues instead of passing through them and presenting something that is not digested properly. This is a serious Committee and after going through this Bill, I have seen that they have looked at every bit. The only correction that I will suggest is on the part of the punishment. The penalty should be increased from Kshs500,000 and Kshs1 million to Kshs20 million. That will make people scared. But if the penalty is too small, people will keep breaking the law and you will not take them anywhere. I want to conclude by saying that according to the World Bank, Kenyans rank the lowest on savings, which is only 9 per cent of our Gross Domestic Product (GDP). We do not save. Uganda, Rwanda and Tanzania save a lot. The Chinese save even more! Unless you have a saving culture, you cannot get anywhere. If you want to go for holidays, spend and yet you have no saving culture, you will not grow rich. For us to grow rich as a country, let us teach our people how to save. Whatever you get, save that money. Save as much as you can and use as little as possible. We should avoid wastage. I want to end by saying that I support this Bill. It is a very well thought out Bill and Kenya will now benefit because of the hydrocarbons that we have discovered in Turkana, the coal we have discovered in Kitui, the iron ore we have discovered in Kitui and Taita Taveta and so many other minerals elsewhere. So many countries are coming together and this Bill is very timely. That is because once you get your financial act together, then you are preparing for a take-off. You will be an industrialized country by 2030 as the Vision envisages. I support this Bill."
}