Mathira MP Rigathi Gachagua has tabled a bill seeking to limit foreign investors from doing work that Kenyans can do.
The Lawmaker argued that local businesses are finding it hard to grow and sell their goods as the goods from China have invaded the market and are being sold at a cheaper price and cost.
“We have what I would call the Chinese economic invasion to the Republic of Kenya. This people came and are slowly kicking out the owner of the house economically. This has to stop,” said Gachagua.
The MP through an amendment bill to the Public Procurement and Asset Disposal Act, 2015, argues that contracts of less than Sh1 billion should be left exclusively to Kenyans to build capacity for the local firms and promote the implementation of the Big Four Agenda.
External contractors will be awarded such contracts in the event local firms do not qualify, according to the Bill.
The proposed Bill includes limiting tenders below Sh1 billion to Kenyan investors only and to introduce stiffer penalties against any local person who accept to be used by foreigners to register company’s on behalf of foreigners in the pretext that the company is fully-owned by the local person.
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