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{
    "id": 193829,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/193829/?format=api",
    "text_counter": 248,
    "type": "speech",
    "speaker_name": "Dr. Kones",
    "speaker_title": "",
    "speaker": {
        "id": 53,
        "legal_name": "Julius Kipyegon Kones",
        "slug": "julius-kones"
    },
    "content": "On a point of order, Mr. Deputy Speaker, Sir. It appears that the Assistant Minister does not have enough information surrounding this issue of Safaricom IPO. Maybe you should direct him to go and get further information so that he can specifically answer the question Dr. Khalwale has asked. However, after the floating of shares of Safaricom, at the moment, the Vodafone Company has 35 per cent of the stake. Mobitelea, which is still a mysterious company owns 5 per cent of the shares. All other private and foreign investors own 20 per cent which ultimately comes to 60 per cent. Indeed, that is the threshold for private companies to hold shares in Safaricom. Now, what is the Assistant Minister going to do to ensure that other foreign investors do not go to the Nairobi Stock Exchange (NSE) and buy the remaining 40 per cent of the shares? At the end of the day, you might find Safaricom being a fully foreign owned company?"
}