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{
    "id": 497462,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/497462/?format=api",
    "text_counter": 65,
    "type": "speech",
    "speaker_name": "Hon. (Prof.) Nyikal",
    "speaker_title": "",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "monopolies to be broken up, so that competition can be increased. That is where we must be going. We have realized that the big companies or monopolies complain a lot. In this country, some years back, we were forced to liberalize. If I take the example of the oil industry, there was a big guy that liberalized the oil industry, but what do the monopolies and big companies do? They go and form cartels. The oil industry has been a good example for us. We had to go back and reintroduce price control because the big companies and monopolies were literally sitting down in the evening and in the morning all the prices at all the pumps had gone up. They have continued to do that. Because of the pump price control, the big oil companies kill the small businesses that are running independent petrol stations. They connive and give these companies very high purchase rates which are equivalent to what is their pump prices. Hon. Deputy Speaker, how do these small businesses make profit, if they are being forced to buy at pump prices by big companies? So, this country is ripe for more liberalisation particularly in the air industry. We are aware that many airlines have tried to run services that would improve the situation; we have Jetlink Express, the East African Airways and the East African Aviation. All of them have not performed well because they have just been pushed out by monopolies or big companies that do not take the interest of the people at heart. Therefore, I support this Motion because the need for a regulatory authority is long overdue. We should not just talk about liberalisation of fares, but liberalisation of the industry as a whole. Thank you, hon. Deputy Speaker."
}