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{
    "id": 570532,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/570532/?format=api",
    "text_counter": 212,
    "type": "speech",
    "speaker_name": "Hon. Kangara",
    "speaker_title": "",
    "speaker": {
        "id": 12543,
        "legal_name": "Benson Mutura Kangara",
        "slug": "benson-mutura-kangara"
    },
    "content": ", the youth in Kazi kwa Vijana and other youth groups do this. They are in business only that there is bureaucracy that used to keep them at bay; they thought that forming a company was a rich man’s thing. The journey has been long. I think the first Bill was done in year 2000. The Bill was brought to the 10th Parliament but it lapsed. This time round I hope we are going to get it right. Rwanda came, took the draft and customized it. In business ranking, Rwanda is among the top 30 countries in the world with regard to ease of doing business. Hopefully when we formally pass this Bill--- I think the mood is right for us to approve this Bill. Once we do that we will be ranked favourably in the world as one of the best countries in the world to do business. The other thing is the issue of directors. This Bill has articulated well how directors should operate. It has been a pity in this country. We have seen directors who are extremely rich when their shareholders are walloping in poverty and they do not have anything to show for their investment. It has been very sad in so many of the companies we know like Mumias Sugar Company, Kenya Airways and National Bank of Kenya. We know their directors are doing very well. However, this time round they will be answerable. The law will be on them and we will not allow such kind of things to happen. Kenya is well known for corruption. However, most of it has resulted from the way we used to operate and how we do our registration. There are a lot faceless companies doing business. Others have a lot of property. The most recent ones were the Lamu land companies which owned tracts of hundreds of acres of land. We could not identify the faces behind those 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."
}