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{
    "id": 258572,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/258572/?format=api",
    "text_counter": 232,
    "type": "speech",
    "speaker_name": "Mr. C. Kilonzo",
    "speaker_title": "",
    "speaker": {
        "id": 46,
        "legal_name": "Charles Mutavi Kilonzo",
        "slug": "charles-kilonzo"
    },
    "content": "Thank you, Mr. Speaker, Sir. I would like to request for a Ministerial Statement from the Ministry of Industrialization concerning the ownership of East African Portland Cement Limited as declared by the company Chairman during the AGM held on 15th December, to the effect that the company had turned private by the fact that National Social Security Fund (NSSF) has offloaded 4 per cent of its shares thus making the Government a minority shareholder. This is supported by the 2010/2011 annual report and financial statement on the status of the company which states: “This company, not being a State Corporation ---.” In the statement, I want the Minister to confirm to this House the current legal status of that company and whether it is a State corporation or not having in mind that the East African Portland Cement was established by an Act of Parliament as a State Corporation. Secondly, I want him to clarify whether the Government was aware of the dissolution of the shares; and, thirdly, did the Government give approval to the dissolution of its shares and if so, table the letter of that approval?"
}