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{
    "id": 686576,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/686576/?format=api",
    "text_counter": 37,
    "type": "speech",
    "speaker_name": "Hon. Wandayi",
    "speaker_title": "",
    "speaker": {
        "id": 2960,
        "legal_name": "James Opiyo Wandayi",
        "slug": "james-opiyo-wandayi"
    },
    "content": "Having said that, I have spent the better part of my adult life in the corporate world, and so, I should know better. Hon. Midiwo is raising a very serious matter in his Petition, and if an independent forensic audit is carried out by a reputable firm, it will form the basis for further inquiry. Multinationals have taken advantage of this country because of the laxity of our tax regime and our governance system, which seem to encourage or favour multinationals or foreign-owned firms at the expense of indigenous firms. We all know the agony and difficulties that Keroche Industry has gone through, under the monopoly that has been created for the EABL. These multinationals take advantage of our weak governance systems to repatriate huge revenues to their foreign land. These multinationals are nominally managed by locals but those who call shots sit in European capitals. This Petition gives us a good opportunity, as a country, to do introspection. Do we need to continue favouring these multinationals that continue to suck our people’s blood at the expense of national development? This Petition should be expedited. I would like to propose that you give us a timeframe lower than the 60 days provided for in the Standing Orders. The issues raised by Hon. Midiwo border on economic sabotage and they could call for serious sanctions."
}