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{
    "id": 610230,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/610230/?format=api",
    "text_counter": 203,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "I have heard many Members saying that the Government has not supported the sugar sector in terms of waiver of interest and loans. The last Parliament, again, approved waiver of loans amounting to Kshs33 billion, which was meant to have been paid cumulatively by all these factories. For the record of the House, the loans owed are as follows:- Miwani Sugar Factory owes the Government Kshs2.9 billion and Muhoroni owes Kshs8 billion both to the Government of Kenya and Kenya Sugar Board. The Nzoia Sugar Factory has a cumulative loan of Kshs28.4 billion, SONY Sugar has a cumulative loan of Kshs1.2 billion and Chemelil Sugar Factory has a cumulative loan due to the Kenya Sugar Board amounting to Kshs1.1 billion. That totals Kshs41 billion as direct loans. Then they have tax arrears amounting to Kshs10.9 billion cumulatively. They have not been paying taxes because of liquidity problems. Then they have other creditors of Kshs6.3 billion. That puts the total loans and debts to Kshs59 billion. Out of that the Government through the privitisation programme will waive Kshs33 billion directly. The balance of the loan will be converted into equity in the new companies, which will be established once these factories are sold."
}