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{
    "id": 561859,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/561859/?format=api",
    "text_counter": 103,
    "type": "speech",
    "speaker_name": "Hon. Musimba",
    "speaker_title": "",
    "speaker": {
        "id": 1804,
        "legal_name": "Patrick Mweu Musimba",
        "slug": "patrick-mweu-musimba"
    },
    "content": "espouses the very essence of Vision 2030 in terms of its focus on our three pillars, which are the economic, political and social pillars. What I would want to address in the objectives is that we should not just limit ourselves locally in terms of the database; we should also provide for international placements. Kenya’s human capital is well-sought after, especially the youth. The Entrepreneurship Summit which is forthcoming will prove that Kenya’s innovation is world class; that is why we are home to great innovations in many sectors. We should look at placements internationally because Kenya’s human capital is well-sought after. If you pick any particular profession in Kenya, Kenyans rank at the very top. When you come back locally, the importance of having job placements coming through is that currently, our tax burden is shouldered by the formal sector of only two million people. The cottage industries cater for another maybe four to five million people. You have unemployment of almost 12 million youths; if you get them into the mainstream economy, you will be looking at a potential of putting Kshs5.1 trillion into the Exchequer a year. This would lessen to a big extent the burden that we already have in terms of our debt levels, which currently stands at US$14 billion. It would herald a new beginning in terms of giving relief and planning to the long-term competitiveness of this great nation. We look at harnessing our skills, knowledge and attitudes towards serving Kenya. That is why it is well espoused in the last objective (f) that talks about the ideals of patriotism and entrenching social and economic rights for our people, which only exist in our Constitution, into the world economy and social life. In looking at these things, the tax incentives that have been proposed in this 2015/2016 Financial Year, and that were ably read out during the Budget--- We entice employers who are going to give apprenticeship programmes to our youths. This Bill will provide a framework for looking at the absorption levels within this. As an extension of it, when you look at the apprenticeship, you should not just look at our retirees and say that they have no role in this economy. We can go further across the board, because the Bill allows for the formation of committees which perpetuate the objectives of this Bill, and take specialist retirees to mentor our youth. That way they can give their rich experience of 30 or 40 years in industry to the youth, harness them and bring them to a fast-forward position at the point that they are already getting employed, as well as provide mechanisms within the county governments so long as you give funding through tax incentives that they will--- I would like to say that with regard to the patriotism aspect, as we move towards the East Africa Community (EAC), we will emerge as a power base with this region and grow our economy to become larger and the home of this great continent of Africa."
}