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{
    "id": 735041,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/735041/?format=api",
    "text_counter": 251,
    "type": "speech",
    "speaker_name": "Hon. Midiwo",
    "speaker_title": "",
    "speaker": {
        "id": 184,
        "legal_name": "Washington Jakoyo Midiwo",
        "slug": "jakoyo-midiwo"
    },
    "content": "foreigners. Our people only own 30 per cent. This is not a very small thing. This House has a responsibility. I have heard arguments out there, but the biggest responsibility is that Safaricom, as it were, cannot employ further than it does because it is a very good innovative company. Technology does not need many employees but, if we incorporate a 100 per cent fully owned Kenyan company, imagine how many Kenyans will be employed and how much tax we will get from that company. The other thing which I am stopping them from doing is that Safaricom is even now getting into the taxi business with a telephony licence. Safaricom has this product where you make deposits and check in. Hon. Temporary Deputy Chairlady, if you could just indulge me for one more minute, in the last eight months of last year, our economy lost 135,000 jobs in the formal sector. But half of them – and the country may wish to know - were in the banking sector. We cannot have a company owned by foreigners collapsing our Equity Bank and our Co- operative Bank. We cannot do the same and watch our Kenya Commercial Bank go down. It is the duty of this House under Article 95 to do the right thing. I have heard arguments and we need to argue this amendment because it is substantive. Hon. Ichung’wah will have his time, but this is a fact that this country is living with. We have lost 135,000 jobs. Parliament has a duty because we have to consider how many people in the formal sector who have lost their jobs."
}