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{
    "id": 662130,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/662130/?format=api",
    "text_counter": 161,
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    "speaker_name": "",
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    "speaker": null,
    "content": "On state owned enterprises, to further improve effective use of our scarce resources, the Government is committed to implement parastatal reforms. In this regard, the Government Owned Entities Bill is currently before the Cabinet. It is on its way to Parliament. Regarding strategic Government investments that have faced challenges recently, allow me to report as follows:- We are working to ensure that Kenya Airways turns around its financial position, and it is able to play its role in our economy, especially as a key asset supporting our tourism and transport sector. On Telkom, I am happy to report that significant progress has been made in which Orange Kenya will sell its shares to a strategic investor. Through this transaction, the Government of Kenya will increase its shareholding from the current 30 per cent to 40 per cent. We expect the new investor to turn around the fortunes of the company so that it will be a sustainable business capable of competing effectively in the telecommunication sector. 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."
}