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{
    "id": 615323,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/615323/?format=api",
    "text_counter": 143,
    "type": "speech",
    "speaker_name": "Sen. Kagwe",
    "speaker_title": "",
    "speaker": {
        "id": 229,
        "legal_name": "Mutahi Kagwe",
        "slug": "mutahi-kagwe"
    },
    "content": "Mr. Temporary Speaker, Sir, I congratulate my boss, Sen. (Prof.) Anyang'-Nyong'o. He took that leadership very seriously. I am glad to have been elected the Vice-Chair of the Committee. We had a very strong team that worked very well. Mr. Temporary Speaker, Sir, US$700 million is a lot of money by any standards. Kenya Airways requires this amount as an injection of capital to be revived and thrive. When a country spends that kind of money on a company, then it must demand that at some point, at the end of the tunnel, there must be some light and a return on an investment like that. Secondly, we must ask ourselves why it is necessary for us to inject that kind of money into the organisation. Various speakers have spoken on the matter and indeed, pointed out why this is necessary. I support them. It would be a big loss for Kenya if Kenya Airways were to sink. During the investigations that we carried out, there were people who recommended that we let Kenya Airways collapse. However, when you think about the benefit of the airline in terms of the hub nature, the general economy, infusion in tourism and other areas of our economy, then we have no choice but to revive the airline. But in order for us to put in the Ksh70 billion, we must ensure that the conditions that have been recommended by the Committee are kept to date. Mr. Temporary Speaker, Sir, Sen. Keter has just said that there was another inquiry into Kenya Airways. It made certain recommendations that were never followed. The issue is whether this time round, we will follow the recommendations that the Committee has made. It has been said that all that is necessary for the triumph of evil is that good men do nothing. All we need to do is give these recommendations and nothing is done. We can guarantee that unless something is done on the recommendations that we have made, including the complete restructuring of the board and management, it is then not of any use for us to put the money there. Kenya Airways has made a litany of management mistakes that should make very good study for institutions such as universities on how not do business; how not to run airlines. This study must be made useful and given to other management institutions so that in future, nothing is repeated. Sen. Wako spoke about the Special Purpose Vehicles (SPVs). They are normal business management tools in many organisations. However, when there is a public institution such as this one, it is necessary for transparency and accountability to reign supreme. It is necessary for Kenyans to understand that out of the US$700 million that we need to infuse in this company, the Kenya Government is supposed to infuse 29 per The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}