Adan Keynan

All parliamentary appearances

Entries 2061 to 2070 of 2568.

• 1 Mar 2012 in National Assembly: 35 Thursday, 1st March, 2012 (P) view
• 1 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I was saying that during that period, there was arbitrage to allow the banks to freely borrow from Central Bank of Kenya (CBK). view
• 1 Mar 2012 in National Assembly: Can I continue, Mr. Deputy Speaker, Sir? view
• 1 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, can I clarify this? view
• 1 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, indeed, the Clerks have photocopied this document. This document was sent to the Kenya National Assembly on 10th February, 2012, signed by one Harun Sirma, OGW, on behalf of the Governor of Central Bank of Kenya. The Clerk received it on 14th February, 2012. This is also in the Report. It is not a fake document. view
• 1 Mar 2012 in National Assembly: 36 Thursday, 1st March, 2012 (P) view
• 1 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, let hon. Members read it. This is an authentic document and I have already tabled it. It has been photocopied. I am only making reference to an official document. Mr. Deputy Speaker, Sir, what I said – and I want hon. Kimunya to get this – is that we got a lot of information not directly from the Governor himself, but from the institution. The institution is not the Governor. So, the document is there and it is not my creation. I have made copies of it. Mr. Deputy Speaker, Sir, I was only referring to ... view
• 1 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, Equity Bank in 2010 borrowed Kshs1.6 billion and in 2011 they borrowed Kshs23 billion. The Diamond Trust Bank in 2010 borrowed zero and in 2011 they borrowed Kshs2.2 billion. The I&M Bank in 2010 borrowed Kshs12 billion and in 2011 borrowed Kshs22.7 billion. If you add this; the borrowings of 2010 against 2011, in 2010, they are Kshs11 billion but in 2011, the borrowings from the Central Bank of Kenya, at concessionary interest rates are Kshs600 billion and this is what I was saying it belongs to the Kenyan taxpayer. Out of this, we have also ... view
• 1 Mar 2012 in National Assembly: Secondly, I was just clarifying on the issue of arbitrage and how banks are misusing it. This county has become a cartel centered economy. We have the maize cartels, the sugar cartels, the oil cartels and now we have the bank cartels in the name of forex cartels. For how long shall we allow our middle class; the Kenyan taxpayer to pay an interest rate of 30 per cent? Which business today can give even the privileged Kenyans who are Members of this House an income or profit from an investment or whatever source a profit of 30 per cent? ... view
• 1 Mar 2012 in National Assembly: To continue, we looked at a number of all other issues and one of the things, as a Committee, we realized was that this problem was “manufactured”. This problem was designed and executed within the offices of the regulator and this is why we are here today. Before this view