Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1523698,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1523698/?format=api",
    "text_counter": 197,
    "type": "speech",
    "speaker_name": "Sen. Mungatana, MGH",
    "speaker_title": "",
    "speaker": null,
    "content": "company is not just the owners. It is not just the directors. There are workers and management involved. Why did the Capital Markets Authority not make it its business to go down before approving these transfers of shares? Why did it not just go down to see who would be affected? Why did it not do public participation? The recommendations here are strong. I hope that the Committee will take time to bring the necessary amendments to the Capital Markets Authority Act and the regulations so that at least one requirement will be met. The board must visit to see what the impact of their action is when they approve this. How many Kenyans are going to lose their jobs? What guarantees are being given to those who are working in case there is a change of ownership? Why should we make people suffer so much? I pray that this Committee will take serious follow-up action on this matter. I pray that this Committee will even write to the Cabinet Secretary and the Principal Secretary to take follow-up action on these two institutions; the Capital Markets Authority and the Competition Authority of Kenya, so that they can start being sensitive to what Kenyans are suffering. With those many remarks, I thank the Committee on Trade, Industrialisation and Tourism for taking the time to listen to Mr. Rono's petition. I congratulate Mr. Nicholas Rono, who has taken his time to bring to the minds of Kenya what is happening inside the markets in this country, the dirt that is going on, and the oppression of the common people who are doing these jobs in these companies around Kenya. I support this Report of the Committee."
}