Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 316655,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/316655/?format=api",
    "text_counter": 386,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "(a) It must not tie the Central Bank of Kenya to signing a ten year currency printing contract with De La Rue Company. This contravenes the Government’s procurement regulations and procedure since the bank cannot be guaranteed a fair market price for currency printing unless there is a competitive procurement process. That is the clause that I want to be deleted. I agree with the Committee that we need a feasibility study. We need due diligence to allow us to get into this joint venture as the Cabinet has recommended. That should be done. But if we are going to allow this country to invest 40 per cent into a company and you are you are not giving that company business, then that does not make business sense to me. We should think like businessmen and women if as a country, we have elected that a joint venture can be a good step. The Committee has found that there is nothing wrong with a joint venture except that it has made a very good recommendation that before we go into a joint venture, as a country, we, first, need to do a feasibility study and due diligence. That must be done. Once we find that this company is viable and we are investing in it, then we need to be the first ones to guarantee business to that company. That is where I found a little contradiction. I would also allow maybe the Committee, if they are not comfortable with my amendment to have a contrary opinion. My proposal is that we get into joint venture, if we find it viable, only after doing a feasibility study. The moment we find that it is viable, then we must guarantee it business because we need to show the whole world, those who will be giving us business, that as a country, we have faith in this company that we are investing in. Otherwise, it would not make business sense and then you are saying that you have no faith in that company. That is the bit I wanted to remove. It does not hurt anything. It does not really give automatic business to De La Rue. However, if we have it in the Report, it means that, as a country, we doubt this company. So, that is my view. Anything relating to whether we should give them business or not need to be deleted from this Report so that once feasibility studies are done, then as a country, we can make a decision at that point. Mr. Temporary Deputy Speaker, Sir, I want to conclude by saying that this House needs to have faith in its Committees. Once a Committee has gone out there with the full mandate of this House and done a thorough job--- Look at this Report, Mr. Temporary Deputy Speaker, this is a voluminous Report; a lot of input has gone into this Report. This is certainly not about people sitting somewhere to write a report out of nothing. If you read this Report and especially the story of Mr. Ndungu--- I sympathize with that mzee. He faced a lot of tribulations."
}