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{
    "id": 749646,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/749646/?format=api",
    "text_counter": 126,
    "type": "speech",
    "speaker_name": "Hon. Sakaja",
    "speaker_title": "",
    "speaker": {
        "id": 13131,
        "legal_name": "Johnson Arthur Sakaja",
        "slug": "johnson-arthur-sakaja"
    },
    "content": "nationalisation or expropriation measures or any restrictions on private ownership. They have freedom to repatriate profits and realise investments, and recruit and employ staff of their choice on the terms as they wish to agree, subject to work permit provisions. They are also capable of being owned up to 100 per cent by persons who are nationals or resident in Kenya. We must be able to do this as we protect our local firms. We must also give incentives and create a good environment for the millions of young people and women in Nairobi who are also able to compete and create firms and do business, so that it is not just that we are creating one business environment for NIFC firms yet the local firms have to suffer the squalor of mismanagement that we have seen in Nairobi over the past few years. Fortunately, in about 80 days we will have new leadership in this City that can provide those opportunities for the people of Nairobi. Because I see my time has gone and I have a lot to say about this, I would like to urge that we fast-track this legislation. Having an international financial centre will, indeed, turn the tables of the economy of this country and not just for Nairobi. As we move forward in representing the people, we remember that Nairobi produces more than 55 per cent of the GDP of this country yet it receives less than 2 per cent of the allocations from the Senate. Those are some of the things that I am going to change when I become the Senator of Nairobi. With those remarks, I support."
}