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{
    "id": 207001,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/207001/?format=api",
    "text_counter": 146,
    "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, the Privatisation Act was passed by the House and assented to by His Excellency the President. Since that time, we have been working on the modalities to actually put it in place. That will also determine the date of commencement, which I will then gazette. Mr. Speaker, Sir, let me also give comfort to all hon. Members that, on all the ongoing privatisations, there are a series of laws that are being followed. There is nothing being done contrary to the existing laws or the provisions of the Privatisation Act, as it is. So, hon. Members can rest in peace knowing that we are taking care of the public assets. We are taking extra due diligence beyond the provisions of the Privatisation Act. But I believe that the one thing we need, within the Privatisation Act, is ready transition mechanisms. We said that all ongoing privatisations will continue. That privatisation will be taken over by the new Act, when it comes on board. We do not want to disrupt the pace of that process. We are being extra careful in terms of the people who we are actually bringing into the Board. Their vetting is ongoing and, within the next couple of weeks, we shall be completing that exercise. But we have to be careful. We are talking of public assets. If we get the wrong people or board in place, we could end up being in more trouble than we are under the current laws. So, everything is being done in good faith. While I am at it, I would like to confirm to hon. Members of this House, especially hon. Raila, now that he has come that, indeed, I am taking care of the assets and disposing of them more carefully than I would dispose of my mother's as he alleged."
}