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{
    "id": 1283575,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1283575/?format=api",
    "text_counter": 290,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "As I said, in five years, with a possible extension of only one year, as stipulated in the Bill, the programme will be rolled out, so we do not see what has happened over the last 15 years. We had a programme to privatise 26 state-owned enterprises, but we have only actualized one 15 years down the line. I pray that this Parliament will midwife a new legal framework that will privatise state- owned enterprises. As we appropriate resources, we will no longer appropriate national Government resources towards running state-owned enterprises. If they are injected with private capital and we bring in private sector expertise to run them, they will be contributors to the Exchequer. Safaricom Limited contributes to the Exchequer today but does not take away money from it. I look forward to when our state-owned sugar companies, like Mumias Sugar Company, will not seek money from the Exchequer but contribute to the Exchequer instead. We will ensure that Kenya Airways does not continue to gobble between Ksh20 billion and Ksh30 billion of Exchequer resources in almost every financial year but rather give Ksh30 billion to Ksh50 billion back to the Exchequer as dividends even as they pay dividends to those who will have invested in them privately. That is the last objective of privatising state-owned entities – to ensure that we no longer appropriate our national resources to run state-owned enterprises but to inject efficiency, private capital, and expertise to be able to derive more value out of them as they contribute to the Exchequer. I look forward to that day. I am sure that under the able leadership of President William Ruto, his Cabinet, and the able support of all well-meaning Members of Parliament who shall not defend corruption and cartels, that day will come when we shall no longer invest money in Kenya Airways. That State corporation will be giving the Government of Kenya money instead. In conclusion, I thank the Committee on Finance and National Planning through its very able Chair, the Member for Molo, for their work. With those many remarks, I beg to move and request the Chair of the Committee on Finance and National Planning who, together with his team, has done a commendable job in processing this Bill and taking it through public participation, to second."
}