Adan Keynan

All parliamentary appearances

Entries 2031 to 2040 of 2568.

• 6 Mar 2012 in National Assembly: On a point of order, Mr. Deputy Speaker, Sir. Kenyans are entitled to the truth, nothing but the truth. The Kshs600 billion is the cumulative figure for the whole of 2011. This is from the Central Bank and it is on pages 76, 77, 78 and 79 of the Report. I just want the Minister to say what was so phenomenal particularly with the KCB in the month of September. That month alone, the KCB borrowed from the discount window Kshs80 billion. Was the KCB under financial duress or financial restraint? Again, I want to quote Barclays, which is an ... view
• 6 Mar 2012 in National Assembly: On a point of order, Mr. Speaker, Sir. view
• 6 Mar 2012 in National Assembly: Yes, Mr. Deputy Speaker, Sir. It is a serious point of order. This report has a number of aspects. What my good friend and my schoolmate is referring to is the selective submission by the Ministry of Finance. The observations that the Committee made were as a result of the submission but that was not our recommendation. I think it is good to get it clear. If you look at page 13, you will see that is a submission by the Ministry of Finance and those are not our words. It is what we got from the Ministry of Finance ... view
• 1 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I beg to move:- THAT, this House adopts the Report of the Parliamentary Select Committee on decline of the Kenya Shilling against Foreign Currencies laid on the Table of the House on Tuesday 14th February 2012. view
• 1 Mar 2012 in National Assembly: From the onset, I would like to take this opportunity to thank my colleagues for having allowed this House to pass the Motion that established the Select Committee that was required to look into the drastic decline of the Kenya Shilling against foreign currencies. Secondly, I would also like to thank the Speaker and his office for all the support they have given to the Committee and the staff to enable them to come up with this comprehensive report. I would also like to thank the Clerk and his team for all the support that was extended to the Committee. ... view
• 1 Mar 2012 in National Assembly: 29 Thursday, 1st March, 2012 (P) “theories” because I will qualify why they are theories – was the Euro Zone crisis. All of us are Kenyans. All of us live in the IT world which is a global village. As we are aware, the Euro Zone crisis is at its worst as I speak today. Some of the economic giants in Europe have recently had their credit rating downgraded, for example, France, Germany and even others like Greece and Spain or the countries that are called BRICS and Portugal. They have very serious economic problems. If indeed, this was one ... view
• 1 Mar 2012 in National Assembly: I want to define a number of issues before I go to the contents of this. In today’s world, there is something called economic crime. Economic crime, by the UN definition says that “economic crime refers broadly to any non-violent crime resulting in financial loss”. Therefore, the second thing that we considered as a theory is indeed, whether what happened in Kenya during this period constitutes an economic crime against the people of Kenya, against the people of East Africa, against the people of Africa and against the people of the world. I say this because again we considered the ... view
• 1 Mar 2012 in National Assembly: 30 Thursday, 1st March, 2012 (P) Kenya Shilling from Kshs83 to Kshs107. The interest rates changed from less than one digit of 8 to 10 per cent to 30 per cent. In the process, the entire savings of the middle class were wiped out. Many home owners were rendered homeless. One of the benchmarks of economic development as outlined in the Vision 2030 - and the Vision 2030 has three pillars, namely, economic development, political development and social development. On economic development, the fundamental issue is macro-economic development. For macro-economic development to be realised, there has to be low interest ... view
• 1 Mar 2012 in National Assembly: I want to refer hon. Members to the contributions of His Excellency the President to the Donde Bill in 1999. At that time, Kenyans were struggling with high interest rates, which were as a result of the Goldenberg Scandal and economic mismanagement in the early 1990s. Therefore, what happened in 2011was reminiscent of what happened in the early 1990s. view
• 1 Mar 2012 in National Assembly: Madam Temporary Deputy Speaker, it is because of this that today many home owners are on the brink of losing their mortgages. Many farmers, in particular of tea and coffee, who are the backbone of the economy of this nation, and who have borrowed loans through their co- operative societies at the rate of 8 per cent are today expected to service the same loans at an interest rate of 30 per cent. Their earnings have not changed. Their income has not changed but the interest rates of the loans have changed from 8 per cent to 32 per cent. ... view