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{
    "id": 493617,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493617/?format=api",
    "text_counter": 318,
    "type": "speech",
    "speaker_name": "Hon. Kipyegon",
    "speaker_title": "",
    "speaker": {
        "id": 1453,
        "legal_name": "Johana Ngeno Kipyegon",
        "slug": "johana-ngeno-kipyegon"
    },
    "content": "Hon. Temporary Deputy Speaker, I must thank you for giving me this opportunity to make a small contribution to this important Bill, which touches on the creation of the proposed investment body that will regularize and guide us on matters to do with investments. For a long time, Kenyans have been treated to “all kind of thrills” in matters of investments because they have never had a serious body that regulates the practice and give people advice on the best types of investments. People have just been diving into investments without knowing whether they will make profits or losses. Some people have taken advantage of the fact that we do not have serious rules on investments to the extent that they have started exaggerating on matters that have serious concerns on investments. One thing that we must agree on and accept is the fact that when we want to get advice on which areas we need to invest on, and in which areas we could to take a risk, we do not have people to run to. The creation of this particular body will allow Kenyans to have legal and confirmed advice whenever they decide to take such risks. Hon. Speaker, the formation of that body will create a very serious discipline in the area of investment. As is the case in other bodies like the Law Society of Kenya (LSK), we will have discipline. There are rules and regulations that guide them. In this particular sector, where Kenyans are putting their money, we need to have a very serious body to regularize the practice and advise people on how to invest. Hon. Speaker, you must have realized that, as Kenyans, we like investing on areas where we are not even sure of the outcome; or in areas where we believe that we can invest because other people have invested in. That body can also help in regulating the 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."
}