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{
    "id": 575533,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/575533/?format=api",
    "text_counter": 356,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker, for giving me this opportunity also to make my contribution in the remaining time. One thing that must be said is that the Bankruptcy Act Cap.53 of the Laws of Kenya, was so insufficient in managing struggling businesses in this country. The repealed Companies Act and this law that we are just about to repeal have been some of the causes of disinterest in investing in this country. We have been talking a lot about improving the business environment in this country. One of the reasons why Kenya is not coming out as a competitive investment destination is because of the laws that appear outdated, and which make businesses very difficult in terms of registration and winding up. This Bill is coming at a time I would call “timely” although it is even late. We have talked 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."
}