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{
    "id": 247390,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/247390/?format=api",
    "text_counter": 248,
    "type": "speech",
    "speaker_name": "Prof. Anyang'-Nyong'o",
    "speaker_title": "",
    "speaker": {
        "id": 193,
        "legal_name": "Peter Anyang' Nyong'o",
        "slug": "peter-nyongo"
    },
    "content": "Mr. Speaker, Sir, thank you for allowing me to raise this issue. The Minister is very right. The Government holding of less than 10 per cent in Uchumi Supermarkets makes it handicapped in interfering with Uchumi's affairs. However, the Government has regulatory agencies which should have warned Kenyan investors like myself - I am a shareholder in Uchumi - about what was coming. These are the Capital Markets Authority and the Nairobi Stock Exchange. Could the Minister explain to the House what steps the Capital Markets Authority took to make sure that the affairs of Uchumi Supermarkets between 2000 and 2006, when things were going wrong, are made public? Uchumi continued to be quoted at the Nairobi Stock Exchange when it was jeopardising the interests of the investors, about whom the Government must take care. The Capital Markets Authority and the Nairobi Stock Exchange have something to account for in the affairs of Uchumi Supermarkets."
}