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{
    "id": 521119,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/521119/?format=api",
    "text_counter": 173,
    "type": "speech",
    "speaker_name": "Hon. Bunyasi",
    "speaker_title": "",
    "speaker": {
        "id": 2511,
        "legal_name": "John Sakwa Bunyasi",
        "slug": "john-sakwa-bunyasi"
    },
    "content": "Hon. Temporary Deputy Speaker, I am a Member of the Departmental Committee on Finance, Planning and Trade, but I am not sitting here to represent them. They are in a meeting now looking at issues related to the Budget. This matter has been before the House for a long time. This issue has not sprung on the House. The House did not prioritize this enough prior to the time when we are reaching the lapse of the COMESA Protocols. Let me go first to the issues of privatization. People have referred to Mumias as not having been a good example. It had all of the elements that we are talking about now. They had the element of co-Government participation. They had the element of significant farmer participation and the element of other private sector entities that were involved in it. What we are not confronting as hon. Members and as people is that, that farmer for whom we think we are speaking for has very little value in holding a share. That is what is happening in Mumias. Farmers had share certificates. They thought they would walk in and withdraw money like a savings account or some such thing but it was not giving the returns they expected and so, they sold them at highly discounted prices. The concentration of shareholding that had been left to the farmers ended up with owners of shares who did not come from the region necessarily; or who were not in farming. That is because farmers had very little value for it. We have a long way to go to express this; to explain this to our farmers to a point where they can appreciate it. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}