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{
    "id": 1346323,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1346323/?format=api",
    "text_counter": 215,
    "type": "speech",
    "speaker_name": "Dadaab, WDM",
    "speaker_title": "Hon. Farah Maalim",
    "speaker": null,
    "content": " This whole idea is to rob public property in developing third world countries. The idea of parastatals at the time of Independence was because we did not sufficiently empower indigenous Africans who had the cash and could buy and maintain big organisations or entities like supermarkets and Unilever at that time. All of them had to come into the country. There was going to be super-exploitation by the multi- nationals, and that is why the Government decided to be a strategic partner in all those things. It created Uchumi Supermarkets, Kenya National Trading Corporation (KNTC), Industrial and Commercial Development Corporation (ICDC), and the banks. The Kenyan Government went into it as a stakeholder, although some of them were privatised over a period of time, and this allowed the market to come in. The idea was to protect our interests. This is how oligarchs came about; people from outside came and bought our wealth at a throwaway price. This progressively continued to many other strategic interest institutions or entities that were parastatals then. Eventually, you go back to some kind of colonisation. If you do not have economic independence in your country as an indigenous people, then you are still in some form of neo-colonialism. The word 'oligarchs' came about with the privatisation of strategic Government and communist-owned entities in the former Republics of the Soviet Union. That one ended up in the hands of just a few people, and the masses became very poor. Although somebody like Putin is now dismantling all that. This is a very dangerous thing. When you talk about privatising parastatals like the Kenyatta International Convention Centre (KICC), it has to be done in a manner that essentially is still going to protect the public's interest. The reason why companies like British Telecommunication Public Limited Company (PLC), British Railways and British Maritimes will never be privatised is because such a developed country still protects the interests of its indigenous people. It fears that other people will come from outside with strategic interests, and they will literally become their colony. So, this is something that has to be done with a toothcomb. It does not have to be sold. Let us look at all other available ways to look at those things. Even if it is to be sold…"
}