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{
    "id": 127924,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/127924/?format=api",
    "text_counter": 308,
    "type": "other",
    "speaker_name": "",
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    "content": "requires that a detailed privatization proposal be submitted to the Cabinet for approval. The detailed proposal will address the following: The purpose of the establishment of the asset or operation proposed to be privatized; the extent of which the purpose has been made and the recommendation for continuing to meet that purpose; the right or entitlements and other resources that have been provided to meet that purpose; the financial position of the asset if it is a corporation; the recommended method of privatization; estimated cost of implementing the proposed transaction; the recommendation for dealing with employees directly affected by the proposed privatization including suggestions on how to deal with benefits owed to employees; the national benefit accruing from the proposed privatization; work plan for the proposed privatization process; information regarding any written law; the repeal, amendment or enactment of which will be necessary for the proposed privatization to be carried out and the proposal on how Kenyans are to be encouraged to participate. The detailed proposal will, therefore, address most of the issues raised by the hon. Member for Garsen. To be able to prepare the detailed privatization process, a lot of work has to be carried out by the Privatization Commission. This work is currently on- going. Once approved by the Cabinet, I will table the specific detailed proposals before the relevant Committee of Parliament, as required by the law before any privatization is implemented. Mr. Speaker, Sir, let me once again emphasize that the law requires that privatization be implemented transparently and through a competitive process. The law is being implemented strictly. Thank you."
}