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{
    "id": 461211,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/461211/?format=api",
    "text_counter": 154,
    "type": "speech",
    "speaker_name": "Hon. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "Hon. Speaker, they got their Income Tax registration number or PIN on 19th June, 2003. It is indicated that by the time this company applied to import maize, it had assets worth about Kshs7 million, with a bank overdraft of Kshs3 million. However the audited accounts of that company at that particular time show that it was technically insolvent. It did not meet the requirement of three years’ experience. Therefore, the issue is how a company which did not meet any of the pre-qualification requirements applied for importation of thousands of tonnes of maize? The company did not have any capital or any institutional experience. They did not meet any of the tendering requirements."
}