Entry Instance

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

{
    "id": 863297,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/863297/?format=api",
    "text_counter": 175,
    "type": "speech",
    "speaker_name": "Kiharu, JP",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": {
        "id": 13370,
        "legal_name": "Samson Ndindi Nyoro",
        "slug": "samson-ndindi-nyoro"
    },
    "content": "become a private equity fund. The regulations are scanty in so far as CMA is concerned. But we also have to promote the privatization of the private public companies because as it is now, even the companies that are listed in the Nairobi Securities Exchange, their genesis was actually GoK. Some of those entities were GOK-owned. Even one of the biggest companies in Kenya in terms of market capitalization and in terms of profitability, Safaricom, conducted an IPO in a way of selling a stake that was previously owned by Government. I see so many other companies that should go through the same fate. One, to increase efficiency in terms of how those companies are run but, more importantly, even to add into the companies that are listed in the Nairobi Stock Exchange to increase activities and to give investors and the Kenyan populace avenues and options of investing. Companies like Kenya Power Company are highly profitable, but can do much more if they are listed. Companies like Standard Gauge Railway and so many other entities such as Kenya Meat Commission should be listed and realize better value for GoK, themselves in terms of efficiency and, more importantly, to give an array of options to the Kenyan people on where they can put their money in terms of investments. We can learn from economies from the United States of America and others issues like derivatives. We were to start a derivative market a few years ago. It is still in the books and has never seen fruition. We need to add more products to our capital markets and we need to do more promotions than regulations because what we are having now are few players that are making no money because the market is currently shrinking in terms of NSE. With those many remarks, I support."
}