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{
    "id": 283975,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/283975/?format=api",
    "text_counter": 14,
    "type": "speech",
    "speaker_name": "Mr. Khaniri",
    "speaker_title": "The Assistant Minister for Information and Communications",
    "speaker": {
        "id": 171,
        "legal_name": "George Munyasa Khaniri",
        "slug": "george-khaniri"
    },
    "content": "(a) Yes, I confirm that the KBC has a weak financial base. This is because the KBC undertook Radio Medium Wave (MW) Modernization Project that was funded by a Japanese Loan in 1989, under guarantee by the Government of Kenya. Owing to financial constraints, the KBC was unable to repay the loan. The Treasury was approached and requested to repay the loan on behalf of the KBC. The Treasury started repaying the loan in 1992 under the terms of treating the repayment amount as a loan to the KBC to be repaid back with annual interest."
}