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{
    "id": 1284725,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1284725/?format=api",
    "text_counter": 74,
    "type": "speech",
    "speaker_name": "South Imenti, JP",
    "speaker_title": "Hon. (Dr) Shadrack Mwiti",
    "speaker": null,
    "content": " Hon. Speaker, I rise to support the report on privatisation of the state-owned entities. Over the years, the Kenyan economy has experienced several challenges that have required the Government to intervene and inject funds to stabilise state-owned enterprises. However, with constant injection of funds to various organizations, the state-owned enterprises have experienced serious problems. Constant infusion of funds has had no substantial benefits realized over the years. We have experienced several challenges. We have seen funds injected into organizations such as Kenya Airways (KQ), which has constantly been funded but with little success. With the struggling economy, privatisation of these state-owned companies will efficiently ensure that the Government raises revenue that can be injected and improve the well-being of these entities. The revenue generated by the organisations that are currently not performing well is not very good. That is why we require these state-owned organizations to be privatised. I urge the authority to be established to ensure transparency and openness during transactions of these entities. During the privatisation of the entities, there is need for the Government to ensure that issues of employment are taken care of because there will be loss of various jobs. The Government should have mechanisms for selecting entities to be privatised. Profit-making organizations such as the Kenya Electricity Generating Company (KenGen) and Postal Corporation of Kenya should be maintained. Privatisation of the entities that are not performing is long overdue. With those remarks, I support this Bill."
}