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{
    "id": 305901,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/305901/?format=api",
    "text_counter": 523,
    "type": "speech",
    "speaker_name": "Mr. Chepkitony",
    "speaker_title": "",
    "speaker": {
        "id": 13,
        "legal_name": "Lucas Kipkosgei Chepkitony",
        "slug": "lucas-chepkitony"
    },
    "content": "Thank you very much, Madam Temporary Deputy Speaker, for allowing me to second the Motion on KPCU. Madam Temporary Deputy Speaker, KPCU, as has been mentioned, has had a long history in the coffee industry in this country. Its problems actually started after the liberalization policies in the 1990s. Subsequently, there was emergence of new millers and farmers moved to them, thus, affecting the market share of KPCU. KPCU was on its way up and should have continued to reform in order to cope with that competition. It was forcefully put under receivership by the Kenya Commercial Bank (KCB) over non-payment of a debt of Kshs656 million. The directors protested due to pending court cases regarding the receivership matters with KCB, but the receivers moved in. The Committee conducted investigations by inviting players regarding the matters of the receivership and various players appeared before it. This included the Board of Directors of the Kenya Plantation Co-operative Union, the Board of Directors and managers of the KBC, the Ministry of Co-operative Development and Marketing, the Ministry of Agriculture, the receiver managers from Deloitte and Touch, the Coffee Board of Kenya, the management of the Kenya Coffee Exporters, the management of the Co-operative Bank of Kenya and representatives of the coffee farmers. So, we had very extensive deliberations and evidence was given to us. More of this report appears in our conclusion and it will be in the interest of those who are interested in reading the report to learn what really went on with the KPCU and why there has been a dispute."
}