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{
    "id": 575998,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/575998/?format=api",
    "text_counter": 136,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "The purpose of this Bill is the establishment of special economic zones. It is a very important Bill for the economy and for the country. The purpose of this Bill is to create, promote and facilitate both global and local investors to develop and manage investments in an enabling environment. This Bill will create infrastructure called “special economic zones,” which is very unique and it is for first time in the history of Kenya. Clauses 1 and 2 of the Bill have just the normal short title and interpretation provisions of any Bill. Clause 3 gives the purpose of this Act. It includes creating an enabling environment for the development of all aspects of specially designated economic zones, with their own regulations and administration of activities within a certain location in our country that will be called “special economic zones,” and which will have the principles of openness and transparency and will be guided by the principle of competitiveness. This happens in many countries; in Europe, the United States of America (USA) and in China where investors, industrialists and manufacturers are given a specific area to operate in. The intention of the Jubilee Government is that as we produce more power, for example in the Olkaria or Menengai region, we create a special economic zone within the region where power will be very cheap, because there will not be huge cost in transportation of power. The further you are from power plants, the more costly the power is. As a country, we want to establish particular industries in a special economic zone where they will benefit from low cost of power, labour and infrastructure. They can have an agreement with the Kenya Revenue Authority (KRA) to tap on the low taxation that will be charged, hence will produce quality goods in an 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."
}