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{
    "id": 117194,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/117194/?format=api",
    "text_counter": 290,
    "type": "speech",
    "speaker_name": "Mr. Nyagah",
    "speaker_title": "The Minister for Cooperative Development and Marketing",
    "speaker": {
        "id": 269,
        "legal_name": "Joseph Nthiga Nyagah",
        "slug": "joseph-nyagah"
    },
    "content": " Mr. Speaker, Sir, the hon. Member for Eldama Ravine raised the issue of price increase. There has been misconception or half truths. When the company was created in 2003, the price ranged between Kshs7 and Kshs8 per litre of milk. The first MD raised the prices to Kshs18 per litre. When Mr. Mwangi took over, he raised the price to an average of Kshs24 per litre and under special arrangements, it went up to Kshs27 per litre. So, there has been misinformation about where he took the company from. Secondly, there has also been misrepresentation about the performance and profit. When he took over, the company was making a profit of Kshs350 million. He brought it to Kshs500 million but it has been stuck at that level up to now. Therefore, it appears there is no potential for growth under his leadership. Mr. Speaker, Sir, about the Kshs30 million dividend, I did not say he is a criminal. I only said that as the Chief Executive, it is your responsibility to make proposals to the Board. You do not make a proposal to pay Kshs30 million as dividend when you have no money and you have borrowed from banks. That is the point I made."
}