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{
    "id": 1283577,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1283577/?format=api",
    "text_counter": 292,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kimani Kuria",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I beg to second that the Privatisation Bill be read a Second Time. Before I proceed with this debate, I would like to refer to the exchanges between the Leader of the Majority Party and Hon. TJ Kajwang', who had a good debate on the Book of Ezra, Chapter 7: 8-10 that describes who Ezra was. As a renowned lawyer, Hon. TJ Kajwang' should benefit from the great knowledge of the gentleman called Ezra in matters of law, where he dedicated all his life to teaching the law. Having said that, before setting out the specific provisions of this Bill, let me bring an understanding of why we are where we are today. Privatisation of state-owned enterprises refers to transferring ownership and control of government-owned or state-run agencies to private individuals or entities. This is often done through the sale of shares or assets of these enterprises to private investors or companies. The primary goal of privatisation is to improve efficiency, reduce the fiscal burden on the government, promote competition, and enhance economic growth. Privatisation finds itself on several economic theories, and without turning this into an economic class, I found three particular theories instrumental in privatisation. The first is the Public Choice Theory, written by James Buchanan in 1972. This writer says that public-owned entities end up performing poorly because they are led by politicians. The greatest motivation The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}