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{
    "id": 505884,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/505884/?format=api",
    "text_counter": 499,
    "type": "speech",
    "speaker_name": "Hon. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "happened to the sugar sector? Why are those institutions not doing well? Why is Mumias Sugar Company on the brink of collapse? Who are the individuals who participated in this? Why are Chemilil and Nzoia Sugar companies not functioning? It is simply because the privatisation was not well thought-out. Those are issues which, as a country, we must be prepared to deal with if we really want to make meaningful gains out of privatisation. It is not fair to privatise a public entity at a throw-away price and then you just leave criminals to benefit. Let us look at the investments and privatisations that we have carried out so far. The Kenya Meat Commission (KMC), Mumias Sugar Company, Telkom Kenya and Kenya Oil Refineries are all dead. Which privatisation of a public entity has succeeded? The only one was Kenya Airways and it is not doing very well right now. We need to go back to the drawing board and find out why those investments are not doing well. Look at Kenya Railways Corporation; for those who are familiar with the history of Rift Valley Railways, we sold it and all its properties. Today, we are back to where we were in 1999. Those are issues which we must address as leaders. That is because our work is to safeguard public interests. How can we safeguard public interest? We must be prepared at all times to safeguard public investments. That is the only way we can have a country- --"
}