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{
    "id": 520229,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/520229/?format=api",
    "text_counter": 237,
    "type": "speech",
    "speaker_name": "Hon. A. B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Even after the conversion of that residue debt amount to equity, the Government will only remain with 25 per cent shareholding which it will sell as per the table that the Committee has presented in their Report. More fundamentally also, and I am sure it is in the Report of the then Committee, a valuation of the public sector owned sugar factories was done. The valuation was on land, the cane, buildings, plant and farm machinery, motor vehicles, furniture and office equipment in August, 2013. The figures as per each sugar factory are as follows:-  Chemelil Sugar factory - Kshs4.8 billion.  Miwani Sugar factory - Kshs2.2 billion  Muhoroni Sugar Factory - Kshs3.7 billion  Nzoia Sugar Factory - Kshs8.8 billion  SONY Sugar Factory - Kshs5.3 billion. Why do we want to privatise? That is the moral and fundamental question that this House must ask itself before we put a vote to this Report. One, 6 million Kenyans – that is 20 per cent of our population - are involved in sugar-cane farming. That farming must be beneficial to our people. It must bring money to their pockets. It must pay their children’s school fees. It must raise the living standards of our 6 million cane farmers or those who are involved in cane production. It is very expensive relative to other countries for those factories to do that business. I want to give examples of other countries in terms of production cost. This was done in 2010. If you look at Kenya and all those factories, the cost per tonne in sugar production is between US$500 to 640. Our competitors who are Zimbabwe, Malawi, Sudan, Swaziland, Egypt, Mauritius and more so, Brazil, their production cost per tonne is US$470. It goes to as low as US$250 in Brazil. The cost in Zimbabwe is US$340. In Malawi it is US$310, Sudan US$340 and in Mauritius US$470. Ours is between US$510 to 610. What is the cost per tonne in sales? For Kenya, it is US$1,186, Zimbabwe US$639, Malawi US$332, Swaziland US$590 and Mauritius US$239."
}