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{
    "id": 577210,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/577210/?format=api",
    "text_counter": 773,
    "type": "speech",
    "speaker_name": "Hon. Korir",
    "speaker_title": "",
    "speaker": {
        "id": 1356,
        "legal_name": "Wesley Kipchumba Korir",
        "slug": "wesley-kipchumba-korir"
    },
    "content": "(b) demonstrates that at least thirty per cent of the company’s shareholding is held by Kenyan citizens by birth; (c)is accompanied by the prescribed fee, if any, and the required documents; and, (d)complies with the requirements of this Part with respect to the company’s name and the appointment of a local representative” (b)in sub-clause (3)(c) by inserting the words “and shareholders” immediately after the word “directors”. This relates to registration of foreign companies. This is to make sure that, as the US President said, Africa and Kenya are on the move, and that he was in Kenya because he wanted to be part of that move. As we move forward as a country and as a continent, we need to move with our people. If everybody comes and takes away from us what we have, then we will not move with our people. As we allow foreign companies to come and invest in this country, we must make sure that some shares are held by citizens."
}