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{
    "id": 541823,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/541823/?format=api",
    "text_counter": 95,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "Mobitelea surfaced. In the privatization of Telkom Kenya, you find a Mobitelea in the name of Alcazar. We have recommended legislative matters that this House needs to be seized of. One of them is an amendment to the Companies Act that will require that all shareholders and directors of publicly-owned companies and private companies doing business with the Government or involved in privatization be known. This will ensure that we run away from the scenario in which people just register offshore companies, hide behind the corporate veil and we never get to know who owns them. Those companies are basically registered offshore with only one intention - to swindle the public of their hard earned resources. In conclusion, I want to urge Members of this House to support this Motion and pass this Report. I urge the EACC to move with speed and recover all the monies that were lost. I also urge the National Treasury to consider re-negotiating with France Telecom for us to have more substantial shareholding in this very important sector. Lastly, we have alluded to the possibility of the Competition Authority (CA) having to intervene. We did not go into details of naming the companies. However, I want to take the liberty to mention the unfair nature of the telecommunications industry. Safaricom seems to enjoy an un-rivaled dominance in this market. There is something wrong in the industry that needs to be corrected. We are also calling upon the Competition Authority (CA) to ensure that this dominance by Safaricom is checked. We are running a monopoly in the telecommunications industry in this country. It is making it extremely difficult for other players in this industry to come in and compete. The fighting that you saw last year between Safaricom and Equity Bank is evidence of this. I also want to urge the relevant authorities to look into the issue of dominance and monopoly. Thank you, Hon. Speaker."
}