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{
    "id": 853414,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/853414/?format=api",
    "text_counter": 228,
    "type": "speech",
    "speaker_name": "Kiminini, FORD-K",
    "speaker_title": "Hon. (Dr.) Chris Wamalwa",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "This industry is very lucrative the world over in terms of returns over investments. Unfortunately, the big players have been people from outside. A good example is an organisation like Safaricom. It is making super profits. When it comes to issues of corporate social responsibility, whatever they are doing is negligible. It is insignificant. We should encourage local investors because it has been an entry barrier. This policy has been very prohibitive. I thank the Committee. In fact, it should have gone and lowered the rates further so that we encourage local investors because we are assured their returns are going to be invested locally."
}