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{
    "id": 919977,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/919977/?format=api",
    "text_counter": 336,
    "type": "speech",
    "speaker_name": "Seme, ODM",
    "speaker_title": "Hon. (Dr.) James Nyikal",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "this case, it looks like they are going to get from the Government all the money they injected in plus more. Here, the Committee did not do a good job. They should have been clear on how the private investors will help the Government to deal with the losses. We cannot take all the loss of KQ and put it to the people of Kenya. Whether they will pay it now or later, that is not the issue. It is still on the people of Kenya. Perhaps the Committee’s Report should be amended. If the process of nationalisation is going on, it should be clear how the debts are going to be handled. It will not be fair for the people of Kenya to take over debts from private people who invested with the hope that they would get money. Now, when the issue is not getting money, they are withdrawing their money from the Government. That is not a fair arrangement. During the nationalisation process, Parliament should take interest and ensure that investors who are in KQ, also bear the burden of the KQ loss. It will not be fair that they go scot-free and the Government takes all the debts. With that reservation, I support."
}