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{
    "id": 1324669,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1324669/?format=api",
    "text_counter": 98,
    "type": "speech",
    "speaker_name": "Sen. Chute",
    "speaker_title": "",
    "speaker": {
        "id": 13583,
        "legal_name": "Chute Mohamed Said",
        "slug": "chute-mohamed-said"
    },
    "content": "Mr. Speaker, Sir, I rise pursuant to Standing Order No.53(1) to seek a Statement from the Standing Committee on Trade, Industrialisation and Tourism regarding the financial obligation and the economical viability of Uchumi Supermarket Chain. In the Statement, the committee should- (1) Detail Uchumi Supermarket financial obligations owed to creditors, debtors and bank, stating the amount and entities involved; (2) Present a detailed valuation of Uchumi Supermarkets assets stating whether these assets can be used to offset the outstanding loans and outline a process for this asset liquidation or debt restructuring; (3) State the total amount of money the Government has spent on attempts to revive Uchumi Supermarkets specifying the number of times and the amount allocated for each attempt, and; (4) Recommend alternative strategies for dealing with Uchumi’s financial crisis exploring options such as restructuring the company, finding strategic investors or merging with other entities stating the feasibility and potential impacts of these alternatives on the Kenya retail sector and economy."
}