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{
    "id": 45614,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/45614/?format=api",
    "text_counter": 41,
    "type": "speech",
    "speaker_name": "Mr. Poghisio",
    "speaker_title": "The Minister for Information and Communications",
    "speaker": {
        "id": 202,
        "legal_name": "Samuel Losuron Poghisio",
        "slug": "samuel-poghisio"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) Yes, the Government intends to dispose of a parcel of land owned by Postal Corporation of Kenya (PCK) situated in Kilimani in Nairobi to Ms. Bharti and IBM Companies to build their headquarters for their operations in Africa. This is because PCK is in need of the money to restructure its operations and reduce its personal liabilities. My Ministry proposes to sell the land in accordance with the Public Procurement and Disposal Act of 2005. However, I am also alive to the fact that the Government policy is to attract foreign investment into the country. Ms Bharti and IBM are renowned multi- national companies with huge investment portfolio worldwide. They will be beneficial to the country in terms of financial inflows, employment opportunities and transfer of technical knowhow. It is in line with this that we sought and obtained concurrence from the PCK Board and the Deputy Prime Minister and Minister for Finance to dispose of the land to the companies. In addition, my Ministry is in consultation with the Attorney- General Chambers or office for legal advice on the way forward on this matter. (b) Evaluation carried out by the Ministry of Lands has valued the land at Kshs543 million. The proceeds will be transferred to PCK which is expected to utilize the funds to restructure its operations and improve its service delivery."
}