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{
    "id": 175539,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/175539/?format=api",
    "text_counter": 12,
    "type": "speech",
    "speaker_name": "Mr. Khaniri",
    "speaker_title": "The Assistant Minister for Information and Communications",
    "speaker": {
        "id": 171,
        "legal_name": "George Munyasa Khaniri",
        "slug": "george-khaniri"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) The Kenya Broadcasting Corporation (KBC) has a weak financial base. This is because the KBC undertook a radio modernisation project that was funded by a Japanese loan in 1989 and guaranteed by the Government of Kenya. Owing to financial constraints, the KBC was unable to repay the loan. The Treasury was approached and requested to repay the loan on behalf of the KBC. The Treasury started repaying the loan in 1992 under the terms of treating the repayment amount as a loan to the KBC to be repaid back with annual interests. As at December, 2008, the KBC owes the Treasury roughly Kshs19 million. Other outstanding debts are for medical scheme, Value Added Tax (VAT), Pay As You Earn (PAYE), the KBC Pension Scheme and suppliers of foreign programmes amounting to Kshs968,500,000. (b) The KBC has not made any actual monetary investments in K24 TV and Ghetto Radio. The KBC had two idle broadcasting frequencies and wanted to counter competition and generate additional revenue. Since the KBC did not have funds, it got a proposal from the Regional Reach Limited, which gave a goodwill of Kshs10 million. This investment was approved by the KBC Board of Directors as required by the law. The Ghetto TV targets young adults and it is run by Radio Netherlands and Sarakazi Trust of Kenya, which are non-profit making organisations. Other joint ventures for KBC are with Multichoice Africa; the DSTV. (c) Attached are the schedules of senior managers of the Corporation, staff in the television programmes department, the news department and the artists, showing their respective qualifications, home districts and salaries."
}