Abdul Rahim Dawood

All parliamentary appearances

Entries 451 to 460 of 775.

• 10 Mar 2016 in National Assembly: I understand, Hon. Temporary Deputy Speaker. It is not me. Many speakers have pronounced it wrongly. Maybe it is a slip of the tongue or it is a different name which nobody knows about. While supporting this Bill, I want to say that it is very important for this country to come to this point of controlling interest rates. As a Departmental Committee on Finance, Planning and The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 10 Mar 2016 in National Assembly: Trade, we had a meeting last year with the IMF Chief Executive Officer (CEO), Christine Lagarde. At that time, I asked her the same question but they were not willing to answer. They said that we should leave the interest rates to be determined by the market. However, when the market is lopsided, we need to get hold of it and set it the way we want it to go. Press reports have shown that many people take loans. Yesterday’s newspaper carried a story of a person who took a loan of Kshs5 million about 30 years ago. After 30 ... view
• 10 Mar 2016 in National Assembly: About 10 to 15 years back when the Goldenberg scandal was unearthed, Treasury Bill rates went up to about 70 per cent. When that happened, no bank wanted to lend money to private businesses because it did not make sense to do so unless somebody was taking the money to do some illegal business. Nowhere in the world can you make profit margins of more than 70 per cent. view
• 10 Mar 2016 in National Assembly: This Bill has come at the right time and I am sure the House will pass it. I hope that once we pass it, it will not go to the house on the hill and get rejected like what normally happens, and then we get a memorandum requesting us to cancel whatever we will have passed. We need to think about this soberly because banks are making abnormal profits. Profits are not bad, but we need responsible banking. In Germany at the moment, there are negative interest rates. People are paying banks to keep their money. In Kenya, we do ... view
• 10 Mar 2016 in National Assembly: With those few remarks, I support the Bill. I would like the President to stand with the poor entrepreneurs and business people in Kenya. view
• 3 Mar 2016 in National Assembly: No. view
• 3 Mar 2016 in National Assembly: Hon. Temporary Deputy Chairman, I oppose Hon. Nyokabi’s amendment. It should not be only one person. They should be three persons as proposed by Hon. Okoth, but maybe elected and not nominated. It should not be one person. view
• 3 Mar 2016 in National Assembly: I oppose. I agree with Hon. Okoth’s amendment because three is better than one. Thank you. view
• 2 Mar 2016 in National Assembly: On a point of order, Hon. Temporary Deputy Speaker. view
• 2 Mar 2016 in National Assembly: Hon. Temporary Deputy Speaker, I think the Hon. Member is not in order to say that. Can he substantiate or withdraw the remarks? It is not true. Central Kenya is suffering as much as the rest of this country on issuance of identity cards. view