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{
    "id": 90685,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/90685/?format=api",
    "text_counter": 319,
    "type": "speech",
    "speaker_name": "Mr. James Maina Kamau",
    "speaker_title": "",
    "speaker": {
        "id": 34,
        "legal_name": "James Maina Kamau",
        "slug": "maina-kamau"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, the Committee, therefore, recommends that the Government proceeds with the conversion of some of 7.85 per cent redeemable non- cumulative preference shares for 87.12 million shares which the Treasury has approved into ordinary shares at a ratio of 1:1 and retail the ordinary shares so as to raise its stake in the KPLC to 75 per cent, thus qualifying the company as a parastatal. The Government shareholding in the KPLC should be determined by the shares held in the name of the Permanent Secretary, the Treasury and not other state agencies which might later on dispose of their shares without approval from the Treasury."
}