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{
    "id": 237473,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/237473/?format=api",
    "text_counter": 190,
    "type": "speech",
    "speaker_name": "Mr. Sungu",
    "speaker_title": "",
    "speaker": {
        "id": 324,
        "legal_name": "Gor Eric Sungu",
        "slug": "gor-sungu"
    },
    "content": "May I proceed, Mr. Temporary Deputy Speaker, Sir? I raised a very fundamental issue, and that must go on record! KenGen released its initial public offer at a certain rate and, overnight, the rate doubled. East African Cables issued some shares at a certain rate. That rate doubled overnight. Could anybody, with all the financial knowledge, explain to me how that occurred, particularly to specific companies bought by specific individuals? My better judgement tells me that there is something afoot there. The Capital Markets Authority must act above board because that market relies on confidence. If confidence is eroded and there is any doubt whatsoever, that market can fall. We know of markets which collapsed during World War II. It is important that we exercise caution when we are dealing with those issues because, today, we may be in power and control things, but tomorrow, we may not be. When that time comes, you will want those laws to be fair to everybody. I would like to support this Bill, but with some amendments. With those few remarks, I beg to support."
}