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{
    "id": 507812,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/507812/?format=api",
    "text_counter": 271,
    "type": "speech",
    "speaker_name": "Hon. Limo",
    "speaker_title": "",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "There are quite a number of parastatals that have engaged in wrong allocation of land, many unrecovered advances and loans to staff. I have seen Nyayo Tea zones where some of the former District Commissioners (DCs) acquired a lot of money. You fail to understand the connection between DCs and Nyayo Tea Zones. Quite a number of Chief Executive Officers (CEOs) in the past were completely careless in running those parastatals. Some parastatals like Nyayo Tea Zones can make a lot of profit. They are operating in environments where other companies that are being run privately are making a lot of profits. Those ones were making losses and yet, they have a lot of potential. If you look at parastatals like the Kenya Medical Research Institute (KEMRI) which had a lot of money from donors, you will still find that they are actually limping. Even now, you know very well that they are not adding a lot of value to this country because they are limping on the basis of the past events where they lost a lot of money. The Government was funding them and, at the same time, they were even going for loans. There is the National Bank of Kenya which was already having a huge debt from KEMRI. They recommended disposing of land belonging to KEMRI. If we allow such parastatals to continue, you will find that, at the end of the day, the Government will lose a lot. If you look at the Report, there are issues on staff houses project which was started. They were not successful because they got stuck on the way because of lack of prudent management. This country had a lot of opportunities in the past, especially in the research stations. There were so many donors who were giving a lot of funding to them. However, they actually lacked vision because they could not see a way of investing well."
}