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{
    "id": 193823,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/193823/?format=api",
    "text_counter": 242,
    "type": "speech",
    "speaker_name": "Dr. Khalwale",
    "speaker_title": "",
    "speaker": {
        "id": 170,
        "legal_name": "Bonny Khalwale",
        "slug": "bonny-khalwale"
    },
    "content": "Mr. Deputy Speaker, Sir, the Public Investment Committee (PIC) of the Ninth Parliament gave out a Report with clear recommendation that this Safaricom IPO should not go ahead. However, because the Assistant Minister wants to be told whether any action was taken to discourage this IPO from going ahead, he should be informed that he has in his office--- His boss is still the same one who was there at that time and he had this information. He should have respected the recommendation by the PIC. A few days before this sale was concluded, a company called Alkazar Capital was launched on 29th October, 2007. The company won the bid and today it controls 11 per cent of the shareholding that was floated. Could the Assistant Minister tell us what interest his office had in this particular share to the extent of ignoring the recommendation by the PIC and went on to give a new company called Alkazar Capital? This company is unknown not only in Kenya, but also elsewhere in the world and yet it was given such a great opportunity to buy the shares."
}