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{
    "id": 214395,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/214395/?format=api",
    "text_counter": 245,
    "type": "speech",
    "speaker_name": "Mr. Midiwo",
    "speaker_title": "",
    "speaker": {
        "id": 184,
        "legal_name": "Washington Jakoyo Midiwo",
        "slug": "jakoyo-midiwo"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, this is a serious matter. I am a Member of the Committee on Finance, Planning and Trade, which has invited the management of the NSE. It has been admitted before the Committee that the NSE prices are being manipulated. All we want to know - and I thank the hon. Member for raising this issue - is whether it is true that the management of Dyer and Blair Investment Bank of about 16 people, where Mr. Jimna Mbaru is involved, determines the stock prices in the NSE. Is it also true that they own more than 90 per cent of the NSE? Our people are being fleeced! We saw what happened with the Uchumi Supermarkets stocks. This Government has put that issue under the table, yet, Uchumi Supermarkets Limited fleeced Kenyans at monumental levels. Lastly, it is important that we appreciate the activities of the NSE. But is it not only fair that the players in the NSE are held to account by the Government, so that they play by the rules, as opposed to the fleecing which is currently rampant in that stock exchange?"
}