All parliamentary appearances
Entries 16991 to 17000 of 17810.
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19 Apr 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, I stand to oppose this amendment. Capping interest rates might appear feasible and might be very populist but it can only work if Kenya was a communist country. It cannot work in this country. It cannot work in a country where there is a free market. I want to raise fundamental issues on this amendment. We want to control both the cost and the revenue. That is the worst form of price control. Again, this amendment is very simplistic in view of the structural drivers of interest rates in the market where both the private ...
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19 Apr 2012 in National Assembly:
Finally, this will show the credit lending rate that will affect---
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19 Apr 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, I want to give figures. Credit in the private sector in this country has grown over the years, and reached Kshs1.16 trillion and Kshs13.4 billion in 2011 alone. If you look at 2010, it was Kshs880 billion.
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19 Apr 2012 in National Assembly:
Can I finish?
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19 Apr 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, from the outset, I said this can only work in communist countries, and maybe those who are spearheading it should wait for their day when they can turn this country into a communist state.
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19 Apr 2012 in National Assembly:
I want to give my final statement. This House and this country must promote competitiveness. It must enhance consumer protection measures and empower credit bureaus. That will reduce the interest rates. That is the way forward.
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19 Apr 2012 in National Assembly:
On a point of order, Mr. Temporary Deputy Chairman, Sir.
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19 Apr 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, I want you to guide this deliberation. It is an amendment. We want to hear about its merits and demerits. Is the hon. Member in order to go round and round? We want to hear its merits and demerits.
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19 Apr 2012 in National Assembly:
On a point of order, Mr. Temporary Deputy Chairman, Sir.
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19 Apr 2012 in National Assembly:
Yes, Mr. Temporary Deputy Chairman, Sir.
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