Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 697965,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/697965/?format=api",
    "text_counter": 43,
    "type": "speech",
    "speaker_name": "Hon. Shidiye",
    "speaker_title": "",
    "speaker": {
        "id": 2070,
        "legal_name": "Mohamed Muktar Shidiye",
        "slug": "mohamed-muktar-shidiye"
    },
    "content": "Thank you, Temporary Deputy Speaker, for giving me this opportunity. This is one of the best Bills that have ever come to this House. The Institute of Directors of Kenya Bill is a stock genius in the Kenyan political parlance and corporate governance in this country. Why do I say this? For far too long, this country has had many issues of governance with corporations. Many parastatals have gone on adventure with the taxpayers’ money. It is very unfortunate that if you look at KQ, for instance, we had Eng. Naikuni, who brought the company up. It became very colourful and was branded the Pride of Africa. We were controlling the African skies, but when he knew that he was on his exit, he played with issues of procurement and governance. At the end of the day, there was a deluge. The entire company went down and it is making huge losses. We are losing business. Hon. Temporary Deputy Speaker, if you do not have a national carrier that works very well in a country like Kenya, tourism will nosedive. Kenya is known as a country with highly educated and skilful people, but when it comes to corporate governance, we are far below. For countries like Korea, China and Malaysia, it is the parastatals that bring huge sums of money, profits and dividends to the people every year. The Chinese building the Standard Gauge Railway (SGR) and the construction companies that are involved are mostly owned by the Government. We even have prisoners working in them. It is because of corporate governance that they are very successful. We have too many parastatals. Some are doing very well and some are not doing well. I will give you the case of Uchumi. Why did Uchumi go down? When Mr. Ciano was taken there, the whole media was awash with how good he was going to do. What happened within a short time? The company went down and it has to go to the Exchequer to save itself. 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."
}