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{
    "id": 274886,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/274886/?format=api",
    "text_counter": 480,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "THAT, aware that the original Kenya Co-operative Creameries (KCC) was largely owned by dairy farmers who held the majority stake in the assets of the company estimated at over Kshs5 billion; noting that when the original KCC was never converted to New KCC the shareholding of the said farmers was conclusively determined; further aware that New KCC is at an advanced stage of privatizing fully through public floatation of shares; deeply concerned that if the said privatization proceeds before the original shareholding rights of the farmers are conclusively determined and protected, the said farmers run the risk of permanently losing their stake worth billions of shillings; this House resolves that the Government should forthwith stop the planned privatization of New KCC and immediately constitute a seven member rights reconciliation team composed of representation from the Ministry of Co-operative Development and Marketing (three representatives) and the Kenya Farmers Association (four representatives) to interrogate and conclusively determine the shareholding rights of farmers in KCC as converted into New KCC which are to be guaranteed protection and duly awarded to the rightful farmers in the planned privatization."
}