Dr. Oburu Odinga

All parliamentary appearances

Entries 601 to 610 of 1650.

• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, the Government was not involved in any procurement. The share issue was the KQ share issue. The Government is only a shareholder. It is the KQ which gave a lead transaction advisor the authority to draw all the documents, including the terms of references for the stockbrokers. Mr. Deputy Speaker, Sir, it is the KQ which was the lead broker in this particular manner and KQ was only given their own share to pay. In this particular respect, the Kenya Government does not pay a single cent to these brokers. The contract is signed between the ... view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, the lead sponsoring stockbroker was only dealing with the PALs of the main shareholders; that is, the KQ and KLM. All the other prospective shareholders were going through the registered stockbrokers in the market in the normal manner. But it is only these two, in the terms drawn by KQ, where this lead sponsoring stockbroker was going through. They were chosen by the KQ. The terms of reference were drawn by this lead transaction stockbroker. Those terms of reference is what stated what they were supposed to do and how they were going to be paid. ... view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, it is not true that there was single sourcing. In fact, there was a competitive process by the KQ itself through this transaction advisor. There were five companies which bid for this particular one. These are Kestrel Capital, Dyer & Blair, Standard Investment Bank, Sterling Inc. Bank and African Alliance. Out of these five companies, it was the Standard Investment Bank who won the tender. view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, the two major shareholders of that company were not supposed, according to terms, to choose their own brokers. They gave away their right through the KQ, to choose these brokers. It is the KQ who chose the brokers and went into a competitive process where five companies participated. These companies were evaluated both financially and technically. It was the Standard Investment Bank which was found to be the best among the five companies. We were not the ones paying. This was money being paid by a private company to an individual with whom they had an ... view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, I said that the Kenya Airways chose this transaction adviser. view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, the Government is just a shareholder like any other shareholder, but it is a major shareholder. That is why the KLM and the Government were treated separately. But the rest of the Kenyans who wanted to buy shares went through the registered stockbrokers in the market as usual, through the Nairobi Stock Exchange, and were subjected to the capital--- view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, this is contained in the books which were made public; that the Kenya Airways was sourcing for the two principals, but the rest were left for the registered stockbrokers. view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, we are just one of the shareholders there and this was a decision made by the company; that they were going to treat them that way. As a Government--- view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, I do not need the information. view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, it is my entitlement to accept the information or not. view