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{
    "id": 247755,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/247755/?format=api",
    "text_counter": 151,
    "type": "speech",
    "speaker_name": "Mr. Were",
    "speaker_title": "The Assistant Minister for Information and Communications",
    "speaker": {
        "id": 153,
        "legal_name": "David Aoko Were",
        "slug": "david-were"
    },
    "content": " Mr. Deputy Speaker, Sir, I beg to reply. (a) The corporate restructuring programme for Telkom Kenya Limited is on course. It has been provided that Telkom Kenya Limited be privatized by sale of 26 per cent of Telkom Kenya Limited shareholding to a strategic investor, 30 per cent to the public and 4 per to staff through an initial public offer (IPO) in the Nairobi Stock Exchange (NSE) by next year as part of the second phase of the programme. M/s. IFC who are the transaction advisers indicate that the process should be over by April, 2007. (b) The previous attempt to privatise Telkom Kenya Limited in 2000 failed because the Government did not get acceptable offers from the bidders."
}