5 Aug 2014 in National Assembly:
Hon. Speaker, the other thing that I am proud of in this Bill is the recognition of the minerals that are strategic, particularly the radioactive minerals. With the advent of so many terrorist activities in our region and in the world as a whole, I think it is very good of this Bill to recognise the restriction of radioactive materials like uranium which might come out of our country.
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5 Aug 2014 in National Assembly:
Hon. Speaker, I think what I wanted to speak more on is the silence of this Bill on very important issues. The first thing that this Bill is silent on that is very important is the revenue sharing formula between the county governments, the communities and the national Government. I think without a clear framework on how communities that are close to the mineral areas benefit, we risk having community-investor conflicts when exploiting these minerals and that is the last thing we want to do when we want to improve our economy and when our economy is slowly moving into ...
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5 Aug 2014 in National Assembly:
Hon. Speaker, the other thing that is silent in this Bill is the Sovereign Wealth Fund. All the countries that have had minerals--- I am very optimistic that our country is moving towards being a mineral rich country particularly with the discovery of oil in Turkana. I am very sure the next one will be in Samburu--- I know for sure that the oil that is in Turkana comes from Samburu because it flows downwards. I think I will be proved right very soon. However, today as we speak there are a lot of chromites in Samburu in a place ...
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5 Aug 2014 in National Assembly:
Hon. Speaker, I happened to be a portfolio manager managing one of the biggest wealth sovereign funds in the world called SAMA, which is the Saudi Arabian Monetary Agency and the Government of Singapore Investment Corporation. When markets were not doing well in 2009, that is how countries like Singapore and Saudi Arabia tended to survive. That is how they survive through the bad economic times or troughs within the economic circles. I think as a country that is one of the things we need to do so that we The electronic version of the Official Hansard Report is for ...
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5 Aug 2014 in National Assembly:
do not exploit our minerals. When prices plummet like it happened to copper prices in Zambia, people get poorer. I guarantee that with the discovery of oil and with prudent use of that oil, the lifestyles of our people might improve and it is usually very hard to take people to lower lifestyles once they have gotten used to higher lifestyles. I think Saudi Arabia and Abu Dhabi are good cases in point on the Sovereign Wealth Fund issue.
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5 Aug 2014 in National Assembly:
Hon. Speaker, the other thing that this Bill is silent on is the recognition of small- scale miners. You know, apart from the big investors that we get from abroad that we give a lot of attention or the big businessmen from Nairobi, there are small-scale miners across our villages. These are people who just collect minerals and seell. If you go to Arusha today, you will get so many Maasais digging a lot of tanzanite and diamonds and I think there is need to make sure that we recognise those people within our legal frameworks.
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5 Aug 2014 in National Assembly:
Hon. Speaker, finally, you know that minerals are exhaustible. After some time minerals will end and the case of Bamburi in Mombasa is a good case in point. We always need to reclaim our environment back and I think we need to put something in this law that makes sure that environmental degradation is brought to an end so that communities that live next to those areas will continue enjoying the good environment that the almighty God has given them in their lives.
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5 Aug 2014 in National Assembly:
Hon. Speaker, with those few remarks, I thank you and support this Bill.
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30 Jul 2014 in National Assembly:
Hon. Deputy Speaker, in all fairness, I think we extended the time of the House today because this is a very important Report. I am seeing the Chairman reading the Report page by page and I have the Report here and I can read. At least, I went to school. You should know how to summarize. That is what we are asking. Fairness! Thank you.
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30 Jul 2014 in National Assembly:
Hon. Deputy Speaker, thank you!
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