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"id": 546049,
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"type": "speech",
"speaker_name": "Hon. Angatia",
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"legal_name": "Ayub Savula Angatia",
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"content": "Thank you, hon. Temporary Deputy Chairman. I would like to support the Chairman of the Committee on this issue of variation to be done within 12 months. Business is a risky venture. When you are investing in business, you have to insure your business. If there happens to be a downfall in monetary valuation, a disaster or a calamity, the insurance company will cater for that if you insure a project. What has been happening in towns especially Nairobi is a problem of middlemen, brokers and briefcase businessmen. They canvass for these deals and make cuts out of a project variation. A foreign company is awarded a tender in this country, but there are idlers in this town who canvass and say they can do a project variation the second or third month so that they make a cut of 10 or 20 per cent and they share. We want to protect Kenya’s money from brokers."
}