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{
    "id": 193604,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/193604/?format=api",
    "text_counter": 23,
    "type": "speech",
    "speaker_name": "Mr. Samoei",
    "speaker_title": "The Minister for Agriculture",
    "speaker": {
        "id": 204,
        "legal_name": "William Samoei Ruto",
        "slug": "william-ruto"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) The purported privatization of the Kenya Seed Company took place after the Board of Directors, on 3rd November, 1999, approved, among other things, to float four million shares by private placement. This was done without the Government's approval. (b) I do hereby table a list stating the current shareholders and the number of shares held by each as requested by the hon. Member. (c) I also further table a list of all the employees of the company indicating their respective qualifications and home districts. (d) To safeguard public interest, my Ministry declared the floated shares illegal, hence null and void and directed the company to refund all those who had bought the shares their money. This will ensure that the ownership of the company reverts back to the public as a State Corporation."
}