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{
    "id": 910296,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/910296/?format=api",
    "text_counter": 264,
    "type": "speech",
    "speaker_name": "Mr. Henry Rotich",
    "speaker_title": "The Cabinet Secretary for the National Treasury",
    "speaker": {
        "id": 13142,
        "legal_name": "Henry Rotich",
        "slug": "henry-rotich"
    },
    "content": "Hon. Speaker, last year, I amended the Income Tax Act, to provide for a deduction of 30 per cent of the total electricity by manufacturers as rebate subject to the conditions to be set by the Ministry of Energy. The Ministry of Energy, in consultation with the Ministry of Industry, Trade and Cooperative Development, has now developed the framework that will be used so that manufacturers can enjoy this incentive. We expect this incentive to reduce the cost of electricity to manufacturers by about 20 per cent and to make our products competitive in the region. This should spur economic growth and create employment for the youth."
}