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{
    "id": 520224,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/520224/?format=api",
    "text_counter": 232,
    "type": "speech",
    "speaker_name": "Hon. Wakhungu",
    "speaker_title": "",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "it should write-off the entire debts. It should also go further and apportion the Kshs33 billion so that we are able to know how much is allocated to Miwani Sugar Company, Muhoroni Sugar Company, Nzoia Sugar Company, South Nyanza Sugar Company and Chemelil Sugar Company. When you leave this amount without giving the divisions, it is going to bring confusion and a lot of politics. So, it is important to go further and distribute the Kshs33 billion. It would be nice if the Government could write off the entire Kshs59 billion so that as we bring in the investor the value is going to be high. If you privatise a firm and the level of indebtedness is this high, it is going to affect the net value of the particular business that you are privatising. So, for those firms to come up with a higher value, we request the Government to write off the entire Kshs59 billion. Again, privatisation has become another room for corruption. I want to justify this. We want proper consultants to come and do a true evaluation of those firms. Today in the Public Investments Committee (PIC), we were discussing the Kenya Wines Agency Limited (KWAL) which was privatised. The amount of money that it realized is questionable. So, it is important that, as we try to privatise those firms, we should have different professionals evaluating them independently. That way, in the long run, when you get the final result, you will be able to see where there is objectivity. I want to congratulate St. Anthony’s Boys’ Secondary School, and its principal, Cosmas Nabongolo, and St. Brigids in my constituency for their performance in the Kenya Certificate of Secondary Education (KCSE) examination results released today. They presented an average of A- (Minus) in the examination. It is commendable and good work. That is because of the support of my Constituencies Development Fund (CDF) which I have given them. So, you can see how CDF is adding a lot of value as far as performance of those schools is concerned. We cannot allow it to go anywhere. We can assure them that even next year, we will continue giving them CDF support. I know we are going to put some laws in place so that CDF will continue being there. Having said that, we have the Privatisation Act which provides for the establishment of the Privatisation Commission. However, that Commission has been sleeping on the job. In such a situation where we are going to have the privatisation of the sugar industry, we are calling upon the Commission to wake up. This is their responsibility. They should be able to ensure that there is professionalism where issues of privatisation are concerned."
}