{"id":1346245,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1346245/?format=json","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."}