Adan Keynan

All parliamentary appearances

Entries 971 to 980 of 2556.

• 23 Jun 2015 in National Assembly: The other aspect concerns long-term loans. There has been confusion on who guarantees some of these long-term loans. Some key Government institutions like Nzoia Sugar Company, Mumias Sugar Company and Kenya Airways have suffered simply because they have got involved in long-term loans that they were not prepared to service. This is one of the issues that the auditors have also raised and we hope that in the near future this menace can be brought to an end. In the past, it was fashionable to go round and get a loan guaranteed by the Treasury. This practice has increased our ... view
• 23 Jun 2015 in National Assembly: The other aspect concerns long-term loans. There has been confusion on who guarantees some of these long-term loans. Some key Government institutions like Nzoia Sugar Company, Mumias Sugar Company and Kenya Airways have suffered simply because they have got involved in long-term loans that they were not prepared to service. This is one of the issues that the auditors have also raised and we hope that in the near future this menace can be brought to an end. In the past, it was fashionable to go round and get a loan guaranteed by the Treasury. This practice has increased our ... view
• 23 Jun 2015 in National Assembly: The other issue that we have realised concerns conflict of interest. Prudence demands that whenever one has an interest, whether direct or indirect, that individual or entity must put it on record. In our case as Legislators, Standing Order No.90 requires that where you have an The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 23 Jun 2015 in National Assembly: The other issue that we have realised concerns conflict of interest. Prudence demands that whenever one has an interest, whether direct or indirect, that individual or entity must put it on record. In our case as Legislators, Standing Order No.90 requires that where you have an The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 23 Jun 2015 in National Assembly: interest on anything - it can be social, economic, financial or business - you should put it on record. It is prudence. The same has not been applied and the Auditor-General has flagged this. Therefore, this has seriously compromised on the independence, the profitability, the functioning and the integrity of some of these key institutions. If we strictly comply with the current reformist Constitution, some of these menaces can be brought to an end. view
• 23 Jun 2015 in National Assembly: interest on anything - it can be social, economic, financial or business - you should put it on record. It is prudence. The same has not been applied and the Auditor-General has flagged this. Therefore, this has seriously compromised on the independence, the profitability, the functioning and the integrity of some of these key institutions. If we strictly comply with the current reformist Constitution, some of these menaces can be brought to an end. view
• 23 Jun 2015 in National Assembly: Hon. Temporary Deputy Speaker, the other thing that we have also realised is the non- compliance with international accounting standards. Kenya is not a pariah neither is it a failed State nor a banana republic. There are rules and international practices. On the face of it, we realized that accountants are not only trained to handle the Kenyan scenario but they are also trained on internationally acceptable financial practices. I am not an Accountant, but from my basic understanding of accounts, it is just like Mathematics. The formula applied in a mathematical theory, whether you are in Kenya, the United ... view
• 23 Jun 2015 in National Assembly: Hon. Temporary Deputy Speaker, the other thing that we have also realised is the non- compliance with international accounting standards. Kenya is not a pariah neither is it a failed State nor a banana republic. There are rules and international practices. On the face of it, we realized that accountants are not only trained to handle the Kenyan scenario but they are also trained on internationally acceptable financial practices. I am not an Accountant, but from my basic understanding of accounts, it is just like Mathematics. The formula applied in a mathematical theory, whether you are in Kenya, the United ... view
• 23 Jun 2015 in National Assembly: Hon. Temporary Deputy Speaker, the other issue I would like to raise relates to weak financial positions. I am privileged to have been in the last Parliament where we created very many quasi parastatals. The moment a department is turned into a parastatal, it is left to stand on its own. For the first three years, because they are not prepared to manage that independence and legally functioning institution, they throw all the rules out of the window. If you visit them, they tell you that those are some of their teething problems, they were struggling and they are new, ... view
• 23 Jun 2015 in National Assembly: Hon. Temporary Deputy Speaker, the other issue I would like to raise relates to weak financial positions. I am privileged to have been in the last Parliament where we created very many quasi parastatals. The moment a department is turned into a parastatal, it is left to stand on its own. For the first three years, because they are not prepared to manage that independence and legally functioning institution, they throw all the rules out of the window. If you visit them, they tell you that those are some of their teething problems, they were struggling and they are new, ... view