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{
    "id": 349930,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/349930/?format=api",
    "text_counter": 677,
    "type": "speech",
    "speaker_name": "Prof. Anyang’-Nyong’o",
    "speaker_title": "The Minister for Medical Services",
    "speaker": {
        "id": 193,
        "legal_name": "Peter Anyang' Nyong'o",
        "slug": "peter-nyongo"
    },
    "content": " Mr. Deputy Speaker, Sir, I rise to support this Motion for the same reasons that my friend, hon. Wetangula, has given. Mr. Deputy Speaker, Sir, first, I am going to be the Senator of Kisumu County which is largely dependent on sugar. In my county we have three factories; Miwani, Muhoroni and Chemelil. Miwani collapsed in 1987 because of poor management and rent seeking. Miwani has one of the largest land in that area which has been lying idle since then. There was an attempt by somebody to appropriate Miwani from the people, but I am happy that, that attempt failed or is not going to succeed. So, it is important to understand what hon. Wetangula is saying; that while we support privatization, we must ensure that assets owned by these factories, definitely in the final analysis, not only help these factories grow, but also help the local economy in the counties. Mr. Deputy Speaker, Sir, I want to give a brief history of privatization in this country, particularly with respect to the sugar belt and factories in this nation. In the 1990s when almost every public corporation collapsed in this nation due to rent seeking, primitive accumulation and sheer looting, the Kenya Government was left with huge debts in almost every public corporation, including the Agricultural Finance Corporation (AFC), Industrial and Commercial Development Corporation (ICDC), Kenya Airways and so on. Since then, the Government has been involved in the process of rehabilitating public corporations; privatizing and selling some to the private sector. One of the public corporations that we rescued in this House, I think in 1996, was Kenya Airways, where the Government decided to take a very brave step which was very controversial in this House; to pump money into the Kenya Airways, so that the Government by taking over the debt of Kenya Airways, it acquired more equity in the airways. That is one of the reasons Kenya Airways has survived today. I am sure the money that the Government put in Kenya Airways was recovered after a very short time. This is because the Kenya Airways was efficiently and effectively managed. It started making profits and the private"
}