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{
    "id": 99204,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/99204/?format=api",
    "text_counter": 29,
    "type": "speech",
    "speaker_name": "Mr. Khaniri",
    "speaker_title": "The Assistant Minister for Information and Communications",
    "speaker": {
        "id": 171,
        "legal_name": "George Munyasa Khaniri",
        "slug": "george-khaniri"
    },
    "content": " Thank you very much, Mr. Speaker, Sir. Mr. Speaker, Sir, I beg to reply. (a) I agree with the hon. Member for Wajir West, hon. Keynan, that the ownership of Kencell has changed hands too frequently. I can only speculate that the frequent changes are driven by commercial interests. We are hoping that Bharti Airtel, the latest multinational to acquire Kencell will stay longer to provide the stability that can guarantee growth. Kenya is a free market economy, where entry and exit is a normal practice. The Government, through my Ministry, is doing everything possible to continue to attract and retain foreign direct investors. We have created an enabling environment through the development of common user infrastructure, legal and regulatory environment. (b) There is no study that links frequent changes of ownership to economic stability or national insecurity. In any liberalized economy, this is a common practice. The latest entrant, Bharti, saw value and growth potential in Kencell for them to have invested enormous amounts of resources that they did. Mr. Speaker, Sir, the organization has employed many Kenyans both directly and indirectly and continues to pay taxes to the Government. We have not seen any negative effects on either the economy or the country’s security. Thank you, Mr. Speaker, Sir."
}