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{
    "id": 347117,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/347117/?format=api",
    "text_counter": 353,
    "type": "speech",
    "speaker_name": "Mr. Okemo",
    "speaker_title": "",
    "speaker": {
        "id": 198,
        "legal_name": "Chrysanthus Barnabas Okemo",
        "slug": "chrysanthus-okemo"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, I beg to move:- THAT, this House adopts the Report of the Departmental Committee on Finance Planning and Trade on the Privatization Proposals of the Five Public sector owned/Controlled Sugar Companies, three Kenya Tourist Development Corporation (KTDC) owned Hotels and Kenya Wine Agencies Limited (KWAL) laid on the Table of the House on Thursday 20th December, 2012. The report from the Minister for Finance was first presented to the Committee in January 2011 with the privatization proposals. However, at that time, we could not proceed because the Privatization Commission had expired and, therefore, the Committee rejected the proposals until the Privatization Commission had been constituted. As you remember, the Privatization Commission was approved by this House in September 2012 and, subsequently, gazetted by the Minister in November 2012. Therefore, this allowed the Committee to have the opportunity to look at the privatization proposals presented by the Minister for Finance. I will be very brief. There are several privatization proposals that have been presented to the Committee. These are five sugar companies; Nzoia Sugar Company (NSC), South Nyanza Sugar Company (Sony Sugar), Chemelil Sugar Company (CSC), Miwani Sugar Company and Muhoroni Sugar Company (MUSCO). In the hotel industry, three hotels have been earmarked for privatization. These are the International Hotels Kenya Ltd which owns the Intercontinental Hotel, the Kenya Hotel Properties which owns the Hilton and the Mountain Lodge Ltd. Finally, we have KWAL. These are the State owned corporations that have been presented for privatization."
}