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{
    "id": 191567,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/191567/?format=api",
    "text_counter": 89,
    "type": "speech",
    "speaker_name": "Mr. Kosgey",
    "speaker_title": "The Minister for Industrialization",
    "speaker": {
        "id": 177,
        "legal_name": "Henry Kiprono Kosgey",
        "slug": "henry-kosgey"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir, I beg to reply. Uplands Bacon Factory (UBF), which had been in existence since 1906, closed down in 1987 after experiencing major financial and managerial problems which started in the 1970s and became worse in the mid-1980s when other bacon factories started operating, namely, Farmers Choice and Nairobi Airport Services. The above problems, coupled with stiff competition from other factories, led to the company's loss of more than 50 per cent of the market share. The Government, in consideration of the importance of the factory to the locals, injected additional equity severally in an attempt to resuscitate it but the efforts were thwarted by the July 1, 2008 PARLIAMENTARY DEBATES 1485 company's poor performance leading to its being placed under receivership in September, 1987. The Government made further efforts to revive the company even after its closure by approaching the African Development Bank for financial support. However, a report of the feasibility study undertaken to ascertain the company's viability confirmed that it would be very expensive to rehabilitate it as the equipment was too old and it was necessary to procure new one. The Cabinet then, directed that the company be closed after displaying dismal performance and heavy indebtedness over a period of time. The closure cost the Government - since the Government had injected in some money - Kshs42 million, out of which Kshs8.6 million went into paying workers and Kshs33 million was written off. As you may be aware, the Government policy with regard to doing business is to create an enabling environment for conducting business. The Government does not currently engage in business. The revival of Uplands Bacon Factory (UBF), therefore, falls under similar companies which are owned by private people. The UBF is currently owned the Farmers Choice Company. It bought the company from Lonrho Agri-Business in January, 2000. Lonrho Agri-Business, on their part, bought the company from its receiver."
}