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{
    "id": 194398,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/194398/?format=api",
    "text_counter": 34,
    "type": "speech",
    "speaker_name": "Mr. Kosgey",
    "speaker_title": "",
    "speaker": {
        "id": 177,
        "legal_name": "Henry Kiprono Kosgey",
        "slug": "henry-kosgey"
    },
    "content": "Mr. Deputy Speaker, Sir, the shareholding of this company is the Government of Kenya through the Industrial and Commercial Development Corporation (ICDC) and Development Bank of Kenya (DBK), which totals to about 44 per cent. The GP-CK Birla Group of India and Orient Paper Mills total 54.4 per cent. The East African Development Bank owns 3 per cent, plus other small shareholders who own about 1 per cent. There is a management contract by the GP-CK Birla Group of India which manages this company. Of course, they take the management fees for that work. I have not looked at the management agreement. I only learnt that there is a management agreement today. So, really, this is one of the things I would look into, because I know very well that in quite a number of establishment, you would have a company which is managed and, of course, they take their fees from the gross proceeds without really caring whether there is a profit or not."
}