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{
    "id": 573931,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/573931/?format=api",
    "text_counter": 60,
    "type": "speech",
    "speaker_name": "Hon. (Eng.) Gumbo",
    "speaker_title": "",
    "speaker": {
        "id": 24,
        "legal_name": "Nicholas Gumbo",
        "slug": "nicholas-gumbo"
    },
    "content": "Hon. Deputy Speaker, these terminologies should be defined, if possible in the simplest language possible devoid of all forms of jargon and grand eloquence so that the Kerubos, Naliakas, Wangaris, Achiengs, Chepkiruis, Wanjas, Wangeshis and Halimas of Kenya are not unduly scared of the business world. Madam Speaker, I have noticed that the objective of the Bill, as it is now, is very noble. It is to facilitate commerce, industry and other socio-economic activities by enabling one or more persons to form any corporation as legal entity with perpetual succession, with or without limited liability, and to provide for the regulation of such entities in the public interest, and in particular, in the interest of their members and creditors. In my view, this facilitation must have as its primary objective not only empowering but also putting wealth in the hands of Kenyans. When we talk about putting the wealth of our country in the hands of Kenyans, it is nothing to be ashamed of. I am not aware of any country in the world which is grown by exporting its wealth to foreigners. The running theme in this Bill should be to flatten as much as possible barriers to entry to entrepreneurship, barriers to entry to ownership of businesses and companies by Kenyans. Hon. Deputy Speaker, it is a fact that all countries that seek to grow and give their people a high quality of life start by not only empowering their citizens but also by ensuring that the bulk of wealth generated in the country remains in the hands of the citizens. I am a student of one of the greatest statesmen of our time, the Late Lee Loong of Singapore. If you look at the model that Lee Loong crafted for Singapore right at the time that it became a nation without an inter land and access to the sea, his idea of growing Singapore was to empower it’s people so that as much as possible of the wealth that was generated in that country remained in the hands of Singaporeans. If you look at Singapore, every citizen owns one kind of a house or another; they own property within that country. This is because they have been empowered to have total belief in themselves, and to know that whatever effort that they put in is for their betterment. That is why if we divert attention to something like this, even as we seek foreign direct investment into 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."
}