All parliamentary appearances
Entries 4531 to 4540 of 17810.
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28 Nov 2018 in National Assembly:
Hon. Temporary Deputy Speaker, the Chair of the Departmental Committee on Finance and Planning, Hon. Limo, is the one who engaged with the stakeholders, including the Government and county governments. I am sure he will give the views of the county governments, national Government through the National Treasury, the Attorney General’s office and other stakeholders. I beg to move and ask him to second.
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28 Nov 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker, for that indulgence. Even last night, we said in the HBC that PIC and PAC reports are serious. In fact, they form the core mandate. Sixty per cent of the core mandate of the Assembly on oversight is in these reports. So, we should not treat it like the bribery report. It can only be at the same level with the gender rule principle this afternoon. It is a serious business. However, I thank the Chair of the PIC for bringing the Twenty Second Annual Report of the Public Investments Committee. In doing this ...
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28 Nov 2018 in National Assembly:
Procurement and Asset Disposal Act, the Public Finance Management Act, the International Public Sector Accounting Standards and the International Financial Reporting Standards to come to the conclusion of this report. From the outset, we must highlight institutions and parastatals that had no audit queries. It must be made very clear. These are like the Kenya Power Company, the Centre for Mathematics, Science and Technology in Africa, the Competition Authority of Kenya, the Unclaimed Financial Assets Authority, the Nairobi Centre for International Arbitration, the Privatisation Commission and the Kenya Copyright Board. These institutions had no audit queries for the Financial Year ...
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28 Nov 2018 in National Assembly:
Hon. Tobiko, you are a pastoralist and I am your patron. When your patron is speaking, you do not interrupt him. The Kenya National Library Service has been constructing its headquarters since 2007, when I became a Member of Parliament. Why has it not been completed? There is also the Jomo Kenyatta Foundation. The Chair and the Committee have done a wonderful job. When a Committee produces such a Report, its recommendations are geared towards other investigative agencies. Parliament does not have the capacity and the technical know-how to investigate and bring those people to book. Once we pass this ...
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28 Nov 2018 in National Assembly:
PIC. He and his Committee are doing a very good job and I am sure the House will agree with them. Look at the NCPB. In the 2015/2016 Financial Year, they irregularly procured 40,000 metric tonnes of maize at Kshs552 million that were never executed. They have huge liabilities of millions and billions of shillings. Parliament has indicted such an institution. You cannot allow such an institution to solve the problem of maize farmers in Kenya. With those many remarks, I support the Motion.
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28 Nov 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I will move this Bill because the Chair of the Committee is around.
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28 Nov 2018 in National Assembly:
Hon. Temporary Deputy Speaker I beg to move that the Capital Markets (Amendment) Bill, 2018 be read a Second Time. The Capital Markets Act is proposed to be amended in order to enhance investor protection as well as investor confidence in our capital markets. Capital markets are very important when it comes to the level of confidence investors have in them and, of course, they must feel a sense of protection from the regulator.
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28 Nov 2018 in National Assembly:
Hon. Temporary Deputy Speaker, considering that this is a very small Bill, I will explain the rationale for each of the proposed clauses. It has five pages. It is a Bill that came with the Budget. So, this House is under obligation to complete these Bills before we go on the long recess.
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28 Nov 2018 in National Assembly:
Clause 2 of the Bill seeks to expand the definition of the term, “key personnel” in order to enhance the attention given to the calibre of individuals undertaking the very important role of preparing financial statements of listed companies and entities – those reviewing or approving the financial statements as well as those who have a very central role in making sure that there is oversight and assessment of the internal controls within the Capital Markets Authority. That is why there is definition of “key personnel.” The electronic version of the Official Hansard Report is for information purposes only. Acertified ...
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28 Nov 2018 in National Assembly:
Clause 3 seeks to amend Section 11 of the Capital Markets Act in order to enhance the powers of the Authority when dealing with fraud issues, or dealing with fraud in issuance of securities. In terms of dealing with issuance of securities, the section is being amended to give the Authority or the capital markets more powers.
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