Adan Keynan

All parliamentary appearances

Entries 1151 to 1160 of 2568.

• 24 Mar 2015 in National Assembly: Hon. Deputy Speaker, I beg to move the following Motion:- THAT, this House adopts the Special Report of the Public Investments Committee on the Recapitalisation and Balance Sheet Restructuring of Telkom Kenya Limited, laid on the Table of the House on Tuesday, 29THApril, 2014. The privatisation of Telkom Kenya was started in the year 2007. The process was undertaken through bidding to identify strategic partners to purchase 51 per cent shares of Telkom Kenya from the Government of Kenya. The following firms registered with Telkom and purchased bid documents: France Telecom S.A, Telkom South Africa, Reliance Communications of India, LAP ... view
• 24 Mar 2015 in National Assembly: highest financial bid of USD390 million and was, therefore, awarded the tender to purchase 51 per cent shares of Telkom Kenya. Therefore, France Telecom officially started its operations on 21st December 2007 and subsequently launched its Orange brand in Kenya. There are two issues that clearly come out as a result of this privatisation. The first privatisation started in December 2007, barely some few days before the general election of 2007. Secondly, the further dilution of shares, that is recapitalisation, started on 1st December 2012, barely some few months before the general elections of 2013. The question is: Why would ... view
• 24 Mar 2015 in National Assembly: The Government of Kenya made a commitment of Kshs 4.5 million in order to inject further capital and ensure that Telkom Kenya remained afloat. This commitment was made contrary to Section 26(6) of the Public Procurement Act which requires that any procurement entity shall not commence any procurement procedure until it certifies that sufficient funds have been set aside in its budget to meet the obligation of the resulting contract. When the Treasury officials made this commitment, there was no budgetary allocation. Even a cent was not factored in the budget. The electronic version of the Official Hansard Report is ... view
• 24 Mar 2015 in National Assembly: The first privatisation was in 2007. The second recapitalisation was in December just a few days to the 2012 General Election. They made a commitment of Kshs 4.5 billion in order to have Telkom Kenya remain afloat without budgetary support. The key Government agencies were not involved. It is because of this that Treasury attempted to make some payments of about Kshs 2.5million by 31st Dec 2012. Telkom Kenya and other shareholders were given an open ended letter which later on contributed to the finer deletion of shares worth Kshs30 billion. This was a programme that was well choreographed by ... view
• 24 Mar 2015 in National Assembly: 10 per cent of its shareholding, bringing down its shareholding in the company to 30 per cent. That is where we are today. The privatisation of Telkom Kenya has no value to the taxpayer. The Office of the Auditor-General was not involved at all in terms of validating the transaction. Having looked at the entire transaction and the entire privatisation process, the Committee made a number of observations: Firstly, the Communications Commission of Kenya (CCK), the Privatisation Commission, and the Office of the Auditor-General were never involved in the entire privatisation process of Telkom Kenya. Although the chief advisor to ... view
• 18 Feb 2015 in National Assembly: Thank you, hon. Temporary Deputy Chairman. I concur with what hon. Duale has said. While the majority must always have their way, the minority must have their say. To that extent, what he said makes a lot of sense. As the Mover, I know the procedure allows me to make an amendment anytime on the Floor and that is one thing I intend to do. Secondly, because this was something we discussed with the Committee and we went through it, what informed this was a deliberative discussion that we have had with the able Members of the Committee on Administration ... view
• 18 Feb 2015 in National Assembly: I want to move a further amendment on separation of (e). Before that, I want the issue of former presidents in (g) to move immediately after the Chief Justice. We know that former presidents are critical individuals who have governed this country and, therefore, should be after the Chief Justice in the pecking order. Equally, we should also separate the Leader of the Majority Party and the Leader of the Minority Party. (e) therefore, becomes the Leader of the Majority Party and (f) becomes the Leader of the Minority Party. The electronic version of the Official Hansard Report is for ... view
• 18 Feb 2015 in National Assembly: On a point of information. view
• 18 Feb 2015 in National Assembly: It is clarification! view
• 18 Feb 2015 in National Assembly: Yes. view