Ndiritu Muriithi

All parliamentary appearances

Entries 371 to 380 of 472.

• 17 Feb 2009 in National Assembly: My Ministry has sourced for experts to assist the PPM in the management and running of the company through the injection of modern technology ideas in order to return the company to profitability. The Ministry has identified four experts through the Department of Wood Science and Technology, Moi University, who are willing to work with this company. The Ministry is working out modalities with this taskforce to find ways on how these experts can assist the company without violating the technical management agreement which is in place until June 2010. view
• 17 Feb 2009 in National Assembly: (b) As for part "b" of the Question, the Government has already initiated action as I have just detailed in "a" above. We are working very closely with Orient Paper of India Company and the PPM management to ensure that measures are implemented and concluded accordingly. view
• 17 Feb 2009 in National Assembly: (c) The concerted efforts being made by the Government under "a" and "b" above are in the best interest of the employees and the company. Orient Paper Company of India and the Government of Kenya as the principal shareholders are working out modalities through the taskforce to sort out all the matters concerning the company, including employee related issues. view
• 17 Feb 2009 in National Assembly: Thank you, Mr. Speaker, Sir. As to the first question I am aware of the Mackeen Study of 2006. I am, in fact, aware of earlier efforts, from 2004, when the Government constituted a taskforce to help this company to reform itself. However, I wish to set the record straight. view
• 17 Feb 2009 in National Assembly: The Government of Kenya and related parties such as the Development Bank of Kenya, among others, are minority shareholders of this business. The Bayer Group of India, in conjunction with their sister company, the Orient Paper of India Limited, own, in fact, 54 per cent of this company. As to the question if we have considered the plight of the workers, the answer is "yes". The taskforce has been working very closely with the union to ensure that the interest of workers is secured. view
• 17 Feb 2009 in National Assembly: Mr. Speaker, Sir, as I have already indicated, we have just put in Kshs140 billion in this business. We have summoned all the shareholders to emergency meetings to ensure that together and collectively as shareholders, we can ensure the survival of this vital enterprise. view
• 17 Feb 2009 in National Assembly: Mr. Speaker, Sir, Kshs140 million is already with the PPM and Kshs100 million is awaiting our agreement with the rest of our shareholders on a way to restructure this business. Therefore, the money will be available to the company. view
• 17 Feb 2009 in National Assembly: Mr. Speaker, Sir, first and foremost, we have asked the management partners to make a reduction in the management fees from US$1.2 million to US$700,000. view
• 17 Feb 2009 in National Assembly: On our part, we have reduced the cost of pulp wood from Kshs1,200 per cubic metre to Kshs700 per cubic metre. Further, we have agreed to capitalise Kshs490 out every Kshs700 that they should be paying to reduce the cost of production and thereby, help the PPM to survive. view
• 17 Feb 2009 in National Assembly: Mr. Speaker, Sir, it is true that, in the history of this country, many technical and management agreements have been lopsided. It is also true that all the shareholders are negotiating to ensure that we move this country forward. view