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"type": "speech",
"speaker_name": "Hon. A.B. Duale",
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"legal_name": "Aden Bare Duale",
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"content": "Hon. Temporary Deputy Chairman, I support. There are mergers that take place within the economy. Big companies, multi-national corporations (MNCs), small companies and medium companies merge. The power to set the threshold for any type of merger must be decided by none other than the Competition Authority of Kenya. That is the import of the amendment. This was not in the original Bill. I want to thank the Departmental Committee on Finance, Planning and Trade for incorporating it. Of late, we have seen several mergers take place in the financial sector. We have seen banks, insurance companies and other reputable firms merging. The threshold is to the extent that 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."
}