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"id": 237353,
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"type": "speech",
"speaker_name": "Mr. Kembi-Gitura",
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"legal_name": "James Kembi Gitura",
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"content": "Mr. Speaker, Sir, the answer to that is historical. The ICDC, CDC and IDB had always been minority shareholders with the Government of Kenya holding the majority shares. It is for that reason only that they were appointed to be represented in the Board of Directors. As soon as the company finished paying the loan that was owed to the CDC the person who was representing the CDC in the Board of Directors resigned but the ICDC and CDC did not resign although they held only 0.99 per cent of the shareholding in the company, prompting the Minister for Agriculture to gazette their cessation as members of the board of directors."
}