Adan Keynan

All parliamentary appearances

Entries 2021 to 2030 of 2568.

• 7 Mar 2012 in National Assembly: On a point of information, Mr. Deputy Speaker, Sir. I wanted to refer Dr. Khalwale to Article 1 of the Constitution. I want to read it and this is what it says, so that these issues go clearly on the record. It says:- “(1) All sovereign power belongs to the people of Kenya and shall be exercised only in accordance with this Constitution. (2) The people may exercise their sovereign power either directly or through their democratically elected representatives.” The input of that is that Parliamentarians have an unfettered role to oversight on any institution in the Republic of Kenya. ... view
• 6 Mar 2012 in National Assembly: Mr. Speaker, Sir, I have been asked by hon. C. Kilonzo, who is on a CDF Committee meeting in Mombasa to seek the indulgence of the Speaker either to have this Question answered next week or I can ask on his behalf. view
• 6 Mar 2012 in National Assembly: Mr. Speaker, Sir, I would like the Minister to clarify what the Ministry is doing to make sure that KBC is efficiently managed taking into account that it has the institutional capacity to earn income from other media houses that would have benefited these workers who have been on strike. The issue is mismanagement, corruption and inefficiency. These are the issues that the Ministry must be prepared to address, so that the KBC becomes a profit oriented and a national institution that is efficiently managed. view
• 6 Mar 2012 in National Assembly: Mr. Speaker, Sir, before I commence, will I be in order, because of what happened, to ask you to use your discretion for additional time? view
• 6 Mar 2012 in National Assembly: Thank you, Mr. Speaker, Sir. I hope that will be enough. view
• 6 Mar 2012 in National Assembly: Mr. Speaker, Sir, first of all, I would like to take this opportunity to clarify a number of issues that have been deliberately distorted, just to mislead Parliamentarians and also the Kenyan public. This relates to the issue of discount window. I know that later on, a respected former Central Bank of Kenya (CBK) banker, and also a Member of Parliament, who will second this Motion, will also dwell on this particular issue. But the issue of discount lending per se is not illegal. But what happened? At that particular time, the counter-lending, first of all, was the last resort ... view
• 6 Mar 2012 in National Assembly: Mr. Speaker, Sir, I think the hon. Member will have time to contribute--- view
• 6 Mar 2012 in National Assembly: Mr. Speaker, Sir, the overnight lending and the discount window--- The hon. Member as somebody who was referring to this must read the Report and also familiarize himself with the issues. Otherwise, we will be wasting a lot of time. Mr. Speaker, Sir, what I am trying to say is this: If this is defined, what liquidity crisis did those big banks experience that warranted the head of the regulator to open the public coffers to allow those banks--- I want to show the hon. Members the corresponding foreign exchange holding by the same banks. During that period, just for ... view
• 6 Mar 2012 in National Assembly: On a point of order, Mr. Deputy Speaker, Sir. I must declare that the Minister is my good friend. I want to refer him to Section 4 of the Central Bank of Kenya (CBK) Act, which by now he should be familiar with; I want to read it out to prove that, indeed, what he said is completely out of order. I want to read out the functions of the Governor of the CBK, so that the Minister is aware that indeed the Governor has a very important role in financial management; it says: “The principal objective of the bank ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, these are the issues; therefore, the functions of the Governor are as enshrined in Section 4. So, is the Minister in order to mislead Kenyans that, indeed, the Governor has no role in managing monetary policy? More so, monetary policies all over the world, starting with the most developed economies in the US, are tools for the government of the day to make sure the financial markets remain stable, interest rates remain affordable and economic growth is realised. This is what the Governor was required to do! view