All parliamentary appearances
Entries 2071 to 2080 of 2568.
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1 Mar 2012 in National Assembly:
37 Thursday, 1st March, 2012 (P) report, there was a performance rating carried out by the peers of the Governor from different countries and our own Governor was voted as the worst performing governor and I table the report. I would like to urge Mr. Kimunya that, that was not done by Parliament. It was done by other entities, international entities and, indeed, our Governor got less than 3.1 out of an index of 10 and was rated as the worst performing governor. This was not the Kenyan Members of Parliament. This was done by the peers.
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1 Mar 2012 in National Assembly:
Mr. Deputy Speaker, Sir, it is because of this institutional lap; it is because of the failure by the CBK that all of us are victims including myself, Mr. Deputy Speaker and Mr. Kimunya. The breadbasket of the Republic of Kenya is central Kenya, Rift Valley, western Kenya and eastern Kenya where we have commercial activities. Our farmers, the maize, sugar cane, coffee and tea farmers have borrowed through co-operative societies from different banks at concessionary rates of less than 10 per cent. Today, all of them are paying interest of between 25 to 31 per cent. How many of ...
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1 Mar 2012 in National Assembly:
As much as we want to protect and as much as we want to talk about this and I started with a prelude that, if this does not constitute economic crime as defined by the UN and our own Economic Crimes Act, Section 45, what else constitutes crimes against the people of Kenya and against the people of the world? These are the very issues that the Donde Bill attempted to address. These are the very issues! One of the pillars of Vision 2030 - and I want to refer this to hon. members and this is not something that ...
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1 Mar 2012 in National Assembly:
Who else will help them, if they cannot get protection from their elected representatives to force these commercial entities to reduce interest rates without the connivance of the very individuals we have entrusted? If only somebody, anybody in whatever name, can justify how kshs600 billion belonging to the taxpayers was given to commercial entities--- There are only three reasons that will have justified this and I want my colleagues to get it. It is only under three circumstances that, that is possible: All these institutions are under financial strain or duress and if that is the case, then they are ...
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1 Mar 2012 in National Assembly:
38 Thursday, 1st March, 2012 (P) I come from, to have a cup of tea with sugar because it is not affordable. A kilogramme of sugar is going for Kshs300. What has caused this? It is because of high inflation. It is because of high interest rates. It is because of mismanagement of our economy. If we cannot put our foot down, it is because of regionalism, tribalism and personality cult. I want all of us – colleagues look at me, watch the four corners, the shape of this building – to know that Kenyans are watching us. Kenyans are ...
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1 Mar 2012 in National Assembly:
Mr. Deputy Speaker, Sir, again, I want to urge Mr. Kimunya to take time and read the report. As I said, he is distorting facts and the whole country is watching. I said I was comparing 2010/2011. Let him not change the facts because Kenyans are watching. I know and as somebody said there are interests, but allow me to complete. As we did this, we realized that there are quite a number of banks who flouted the CBK guidelines. The Governor, in his own wisdom of the financial institution, did not take any action. We realized that during this ...
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1 Mar 2012 in National Assembly:
40 Thursday, 1st March, 2012 (P) economy. It is because of this that many international criminals in the name of financial speculators and international hoarders come to the Kenyan market. The day this House appointed a Select Committee to investigate the decline of the Kenya Shilling, it stabilized. In fact, for those of you who are keen, the day we tabled this report, the shilling appreciated. That itself is a clear indication that Kenyans out there and in particular the financial market are watching what we are doing. They appreciate, understand and are looking forward to this Parliament solving some ...
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1 Mar 2012 in National Assembly:
Mr. Deputy Speaker, Sir, I want you to protect me from Mr. Kimunya.
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1 Mar 2012 in National Assembly:
Mr. Deputy Speaker, Sir, if Mr. Kimunya insists on the same we will be forced also to protect ourselves and we will say a lot of things that we know. So, please, respect us and we will respect you.
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1 Mar 2012 in National Assembly:
Mr. Deputy Speaker, Sir, I was saying that there a lot of things that we know and I did not specifically refer to Mr. Kimunya. I said this was one of the ratings given by the---
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