Entry Instance

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{
    "id": 700613,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/700613/?format=api",
    "text_counter": 125,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Nonetheless, I want him to clarify whether the mandate of KTDA includes investing farmers’ money in other activities other than selling the tea and giving the money to the farmers so they can do what they want with the money. Mr. Temporary Speaker, Sir, I would also want the Chairman to clarify the rationale for keeping this money in certain banks or the sensitivity of Central Bank as to the safety of this money because Imperial Bank collapsed only four months after the Government was convinced that by having Kshs57 billion and making a turnover of Kshs2 billion, it was good enough to put in Kshs3 billion of farmers’ money. This money disappeared within three months. I would like the Chairman to tell the farmers what the Central Bank will do as a result of its irresponsibility in advising that Imperial Bank was the best bank to keep farmers’ money which eventually disappeared. Can the Central Bank not stand as security or as surety for Imperial Bank and give the farmers its money and deal with Imperial Bank at a later stage? Lastly, with regard to the projects which are carried out by the management of KTDA, there are subsidiary companies which are run by KTDA and unless these subsidiaries are managed properly, the Chairman should tell us of what benefit these subsidiaries are directly to the farmers."
}