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{
    "id": 749631,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/749631/?format=api",
    "text_counter": 111,
    "type": "speech",
    "speaker_name": "Hon. Tonui",
    "speaker_title": "",
    "speaker": {
        "id": 1242,
        "legal_name": "Ronald Kiprotich Tonui",
        "slug": "ronald-kiprotich-tonui"
    },
    "content": "Thank you, Hon. Speaker for this opportunity to support this Bill on the Nairobi International Financial Centre. I believe it is a very good Bill which will assist in mobilising resources for investment in this country. This is a very timely Bill and we need to support it. I am happy we are getting the best experiences world over on ways of mobilising financial resources. Having gone through it, I have seen in this Bill that the intention is to ensure that there is integrity in our firms and industries, especially those dealing with financial matters. People outside this country can have all the confidence to channel their money to the businesses in Kenya knowing very well that they meet certain international standards. So, this is very timely. It can be trusted internationally and that you can generate your money outside there where chances of investment are lower and bring it to this country where we have investment opportunities which are better in terms of returns and have that confidence that you will not lose your money. So, this Bill is really worth supporting so that, internationally, the investors can invest in this country. I believe ensuring that we mobilise these resources to come to this country will lead to creation of employment opportunities for our youth because that is one key issue which we need to address. How are we taking care of our youths in terms of employment? Without resources being mobilised internationally, certainly we will not be able to create employment opportunities for our youths. We will also not be able to address the issues of poverty in this country. The level of poverty will be increasing now that we even have a big problem which was brought about by the recent drought. In some parts of this country, people are saying in Kiswahili that ugali ni mteja . I believe that we really do need to address issues of the financial sector so that we have more funds in this country to invest. I tend to think there is something which we need to address in this Bill. When we use the word “Nairobi” it looks like we only want to mobilise resources to be invested in this City. Surely, we want resources to be invested all over this country. We want to get resources internationally and invest even at the county level and the industries which are in the grassroots. We may need to revise the title of this Bill possibly to become the Kenya International Financial 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."
}