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{
    "id": 935797,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/935797/?format=api",
    "text_counter": 562,
    "type": "speech",
    "speaker_name": "Garissa Township, JP",
    "speaker_title": "Hon. Aden Duale",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "I remember after the post-election violence, I asked the Cabinet Secretary (CS) for the National Treasury, Mr. Henry Rotich, why our economy was resilient. The shilling had not moved. He told me that it is because of the informal sector. The SMEs are the drivers of the Kenyan economy. The Member for Nambale worked for the World Bank and he is an expert in this area. When he stands to contribute, he will even do better than me. Clause 4 proposes to introduce Section 24A to provide for action to be taken when a person abuses the buyer power which is the bargaining power. This includes abuse of buyer power which is an offence with respective penalties. Section 24A further gives power to the Competition Authority of Kenya to monitor the activities of sectors or undertakings that experience or are likely to experience incidences of abuse of power. Two, ensure there is compliance with the law. The Authority will also impose both reporting and prudential requirements. This proactivity will facilitate action in good time to prevent situations such as experience by the retail sector in 2014/2015 Financial Year. Under the same section, the Authority is also empowered to require industries and the retail sector to develop enforceable codes of conduct with the support of relevant Government agencies and the Office of the Attorney-General."
}