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{
    "id": 263019,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/263019/?format=api",
    "text_counter": 353,
    "type": "speech",
    "speaker_name": "Mr. Kosgey",
    "speaker_title": "",
    "speaker": {
        "id": 177,
        "legal_name": "Henry Kiprono Kosgey",
        "slug": "henry-kosgey"
    },
    "content": "Thank you, Madam Temporary Deputy Speaker. I rise to support this Motion. It is very important to note that before the KCC was put under receivership, there were shareholders who include a number of farmers who were suppliers a lot of them from Rift Valley and Central provinces. The practice at that time was that for every litre of milk delivered by farmers to the KCC, a small amount of money was deducted every month and share certificates issued showing that that particular supplier holds a certain number of shares. When KCC got into financial problems--- We thank the Government for reviving it because we now have somewhere to sell our milk besides the other milk processors. When KCC was revived two things happened. There are people who supplied milk to KCC, but they were never paid. However, more importantly, the shareholding was not clarified. What happened to the shares that the farmers in Rift Valley and Central Provinces held? Who had the original shares? We know that KCC had various assets such as pieces of land, factories, and so on. Those assets were owned by the existing shareholders at that time. At one time there was an attempt to sell KCC to some big people and this was wrong. I hear that the money was eventually refunded to them which was a good thing to do. So, it reverted to the original shareholders. So, before a new step is taken be it floating of new shares in order to get more members, we need it clarified who the original shareholders are and how many shares they hold. If you want to have a new issue we want to know these things. They need to be clarified. I support the formation of this Committee. New KCC was going round the other day in Eldoret trying to convince farmers--- The Temporary Deputy Speaker (Dr. Laboso): Hon. Henry Kosgey, you will have a balance of seven minutes when this debate resumes."
}