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"id": 922031,
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"speaker_name": "Sen. (Dr.) Kabaka",
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"legal_name": "Boniface Mutinda Kabaka",
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"content": "Thank you, Mr. Speaker, Sir, for giving me this opportunity to also speak about this very important issue, which is bedeviling the economy of Kenya. Mr. Speaker, Sir, KP is a notorious monopolist and it, indeed, exhibits bad manners of monopoly in that they exploit the consumers economically. Some legal framework needs to be put in place to seriously regulate this uncanny behavior. Some of the economic pursuits should include - (1) Put legal frameworks. (2) Introduce competitors or other players in the economy in the energy sector so that we will be in a position to have some kind of oligopolistic formations. (3) Introduce some taxes which will be punitive to control the super or abnormal profits. I appreciate there is a danger of what we call the incidence of tax, which is passing the burden of tax from the monopoly to taxpayers, but as long as there are legal regulations, there will be no problem. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}