22 Apr 2014 in National Assembly:
Thank you, hon. Speaker. Five weeks ago, you directed that the Chairman of the Committee on Lands should give me a Statement within two weeks. He is a good neighbour and a friend but I think he has forgotten about it. It is from the last Session.
view
3 Apr 2014 in National Assembly:
Hon. Deputy Speaker, I want to declare my interest. I am in the Committee of Finance, Planning and Trade, but I am the biggest producer of Macadamia nuts in Meru County. My constituency of North Imenti produces a maximum amount of macadamia nuts. Even though I am in the Finance, Planning and Trade Committee, I believe that it should be opened to everybody who is interested in exporting Macadamia nuts. There are few unscrupulous traders who are trying to shut off good farmers. We can have a lot of money going to Meru not just for miraa, but even for ...
view
24 Mar 2014 in National Assembly:
On a point of order. Is the hon. Member in order to say that us Africans butcher ourselves whereas he knows a lot of other communities butcher themselves as well in the whole world? Is he in order to make such a remark? I think he should withdraw.
view
24 Mar 2014 in National Assembly:
Thank you, hon. Temporary Deputy Speaker. From the outset I am supporting this Bill and I would like to just point out to the hon. Member who has just spoken that there is no Opposition in this House. It is just a different coalition.
view
24 Mar 2014 in National Assembly:
I would like to support this Bill, so that we can borrow money externally. I would as well like to see a few changes at a later stage.
view
24 Mar 2014 in National Assembly:
We need to change the Budget Policy Statement (BPS) which is brought here on the 15th of February every year and we are given 14 days to bring it back to Parliament and again another 30 days. I think the time is not enough. We need to look at it and increase the time to a month or two, so that we can sort out issues well.
view
24 Mar 2014 in National Assembly:
Hon. Temporary Deputy Speaker, the other thing I would like to talk about is Clause 3(c) of the Bill where it says:-
view
24 Mar 2014 in National Assembly:
"(7) The Cabinet Secretary shall ensure that the proceeds of any loan raised under this Act are— (c) disbursed directly to suppliers where the loan is raised for the purposes of financing goods and services provided by a supplier outside Kenya.” I think that one will be prone to abuse which should not be the case. It should just be paid into the Consolidated Fund. The money should first get into the country and then get out. Section 3(d) says that fees, commissions and other charges will be charged on the loans which we will be getting. I think they ...
view
24 Mar 2014 in National Assembly:
Hon. Temporary Deputy Speaker, Clause 4 proposes to remove purchases from the entity that borrowed. I think purchases should not be removed because we do not want to purchase ourselves; it removes purchases and gives a free hand in a way which leaves us unprotected. It goes on to say that an agreement to obtain a loan by a national Government entity maybe amended from time to time. I think what is said is duplicated or negated by what is there. The other thing is that we need the sovereign bond very much, so that we do not crowd the ...
view
24 Mar 2014 in National Assembly:
interest rates and cap them. However, they were not ready to listen to that and one of the local representatives of the IMF said: “No, you should come and see me because I do not think we need to reduce interest rates or we curtail the bank operations.” I think that is not the right way to go. We need to put the banks on the spot. We need to say that this thing should stop. The exploitation of Kenyan citizens has to stop and the difference between deposit and lending rates should be at a minimum of four per ...
view