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{
    "id": 251898,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/251898/?format=api",
    "text_counter": 132,
    "type": "speech",
    "speaker_name": "Mr. Kenneth",
    "speaker_title": "The Assistant Minister for Finance",
    "speaker": {
        "id": 167,
        "legal_name": "Peter Kenneth",
        "slug": "peter-kenneth"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) The NSSF sold its shareholding in KPLC in order to lock in profit and re-balance its portfolio, so as to reduce risks. The shares were sold through the Nairobi Stock Exchange (NSE). Since the shares were sold as a block, they were advertised for sale and listed on the Exchange Board for five days, so as to allow potential investors, both local and foreign, to bid for the block and, thereby, enable the Fund to get the best price for its shares. (b) The following is the current shareholding of KPLC per major shareholder:- Permanent Secretary, Treasury - 32,853,268 Permanent Secretary, Energy - 1,035 NSSF - 6,418,101 Kenya Reinsurance - 66,156 Kenyan Residents - 39,811,683 Non-residents - 2,127,757 (c) The answer is no. However, the NSSF or any other public-sector-control Fund can purchase and hold additional KPLC shares for the benefit of its members."
}