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{
    "id": 195705,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/195705/?format=api",
    "text_counter": 182,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Speaker, Sir, it is important for us to seek the indulgence of the House at this point. If I was to divulge the value of the hotel, this would prejudice the offers and negotiations that we are going through. It would not be good for the public interest. The assurance I have given hon. Members is that we will not be selling anything at a throw away price. We will have to do it at a value that guarantees that our money is safe, and gives maximum value to Kenyans. Mr. Speaker, Sir, the timetable we have given is informed by the fact that none of the laws we have in this country bestow any responsibility on the CBK to own, or even manage, any property. It is important that we actually deal with this before all these matters end up being challenged on the basis that the CBK is managing, or appointing receivers to run hotels, when its core mandate is financial sustainability and monetary policy I believe I have answered the last question by Mr. Wamalwa on the sequence of the valuations, and the modalities of sale. We will be using the relevant law that governs how we realise a charge. There are several variations of it. We are looking at the best way that will ensure that we optimise on the value and the cost-effectiveness when actually disposing of that asset and recovering our money. I believe this matter is now clear to the House. I will keep the House updated on any developments in respect of it. I would like to assure this House that whatever we are doing at the Treasury is in the best interest of this country; we intend to achieve maximum value in line with the wider commitment of bringing prosperity to the country. Thank you."
}