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{
"id": 1346245,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1346245/?format=api",
"text_counter": 137,
"type": "speech",
"speaker_name": "Molo, UDA",
"speaker_title": "Hon. Kuria Kimani",
"speaker": null,
"content": "That, the Ministry of Industry, Investment and Trade jointly with the National Treasury submitted a Cabinet Memorandum dated 23rd March 2016 seeking approval for the Government of Kenya to provide an emergency shareholder loan of Ksh1.2 billion to Uchumi as a revival strategy. The Cabinet approval was granted and the Government of Kenya gave a loan that was disbursed to Uchumi Supermarkets Limited in two tranches: Ksh500,000,000 and Ksh700,000,000. The property in subject was surcharged to the loan disbursed and the charge documents were fully executed."
}