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{
    "id": 910360,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/910360/?format=api",
    "text_counter": 328,
    "type": "speech",
    "speaker_name": "Mr. Henry Rotich",
    "speaker_title": "The Cabinet Secretary for National Treasury",
    "speaker": {
        "id": 13142,
        "legal_name": "Henry Rotich",
        "slug": "henry-rotich"
    },
    "content": "These projects are expected to commence soon and will significantly reduce traffic in Nairobi City and on the Nairobi-Nakuru highway. As the host Nation of the United Nations Environment Programme (UNEP), Kenya remains a global leader in environmental conservation and sustainable development. We have continued to champion the green economy by spurring industrial growth in a manner that protects the environment from the effects of climate change. We have also committed to expand our forest cover from 7.2 per cent to the 10 per cent target. Building on our commitment to foster a sustainable environment, we have issued another ban on single use plastics in all our protected areas including national parks, beaches, forests and conservation areas. The ban shall be effective from 5th June 2020. As reiterated by His Excellency the President during his State of Nation Address in April this year, our resolve to sustainably manage our natural resources remains unwavering. This is a new sector in our economy. We shall soon export crude oil to establish its commercial viability. In addition, the NIS, working with the Department of Defence, is conducting a geophysical survey to map out the natural resources across the country. In order to prepare for that, we have finalised the Kenya Sovereign Wealth Fund Bill which is undergoing legal drafting before submission to Parliament for approval. Among other things, the SWF Bill proposes creation of a Fund and provides a legal framework to guide the investment of revenues from oil, gas, and mineral resources. It is important to underscore that, other than the cost of managing the Fund, all the monies in the Fund will be used to finance critical development programmes, build savings for future generations in order to ensure inter-generational equity and for stabilising budgetary expenditures in the event of fluctuations in the price of the natural resources. The Government has eased service delivery to the public through digitalisation of critical services in the e-citizen portal. We have e-Registry and we are digitalising land transactions, business registration, motor vehicles and driver’s license services and, services under the registration of persons, including passports. As a result of the ICT penetration, Kenya has been ranked seventh in Africa in e-commerce uptake and 85th globally in the United Nations The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}