Aden Bare Duale

All parliamentary appearances

Entries 5211 to 5220 of 17810.

• 7 Nov 2018 in National Assembly: In fact, she went from the price of circumcision to something I did not want to hear. The document Hon. Sabina Chege has first must be admissible and must be agreed by the Speaker. She cannot just read a foreign document. This is a very foreign document. The official documents are the ones that I table every afternoon. She cannot come with her own document. If you see somebody being circumcised in hospital, that is a coward. We believe in guys who go to the river and face the knife, like Hon. Wamalwa and I. We do not want to ... view
• 7 Nov 2018 in National Assembly: Hon. Temporary Deputy Speaker, I beg to move that the SACCO Societies (Amendment) Bill, 2018, be now read a Second Time. view
• 7 Nov 2018 in National Assembly: The SACCO Societies (Amendment) Bill, 2018, was initially submitted by the Cabinet Secretary (CS) for the National Treasury in line with the proposal announced in the Budget of the Financial Year 2016/2017 to address some of the proposed reforms in that financial year. This Bill was first introduced in the House on 19th July 2016 when it was read the First Time. The Bill was then considered by the 11th Parliament and passed on 30th May 2017 by the National Assembly. Subsequently, it was forwarded to the Senate for concurrence. This Bill however lapsed in the Senate following the end ... view
• 7 Nov 2018 in National Assembly: Therefore, the Bill is being re-introduced in the House to facilitate the necessary reforms in that sector. The principal objective and purpose of this Bill is to amend the SACCO Societies Act No. 14 of 2008, in order to provide for the registration and licensing of SACCO societies as deposit-taking savings and credit cooperatives which will turn them into micro finance institutions. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor. view
• 7 Nov 2018 in National Assembly: Prior to the enactment of the SACCO Societies Act of 2008, SACCOS were regulated under the Cooperatives Societies Act, Cap.490. However, the rapid growth of SACCO societies in our country has created the need for their specific legislation. They can no longer hibernate or be under the Cooperatives Societies Act. That is the reason a specific legislation was enacted which was called the SACCO Societies Act of 2008, in order to create a regulatory framework and supervisory mechanism, in terms of dealing with the operations of SACCOs. So the enactment of the SACCO Societies Act, 2008 made provisions for licensing ... view
• 7 Nov 2018 in National Assembly: Under this Act, SASRA was given the sole mandate to provide guidelines for the protection of members’ deposits. Members’ deposits should be protected from mismanagement and embezzlement. So, the Regulatory Authority’s main mandate was to provide regulation for SACCO Societies and protection of members’ deposits by, creating Deposit Guarantee Fund. The Society Act of 2008 created Deposit Guarantee Fund. The Act was further intended to create room for transparency, accountability and good governance in the management of SACCOs in our country. view
• 7 Nov 2018 in National Assembly: Although the SACCO Societies Act of 2008 provided for regulation of SACCOs, their licensing, their operations and how to protect members’ resources, it lacked certain provisions in order to address the ability of the people managing SACCOs and the mechanism of registering SACCOs to undertake deposit line of business. The proposed amendments in this Bill seek to address particular issues. The National Treasury looked at the SACCO Societies Act of 2008 and found there were regulatory and legislative gaps. So the amendments address the determination of the suitability of persons to serve as directors and officers of SACCO Societies. Who ... view
• 7 Nov 2018 in National Assembly: This is a small Bill. As I conclude, I wish to assure Hon. Members that the proposals in this Bill comply with the provisions of the Constitution and the Standing Orders. So, there is no conflict. The amendments proposed will again immensely improve the operation and regulation of SACCO in our country. That is what is required as part of the reforms taking place in the financial sector. With those many remarks, the Chair of the Departmental Committee on Trade, Industry and Cooperatives Hon. Kanini Kega has consulted far and wide with the stakeholders and I am sure he is ... view
• 6 Nov 2018 in National Assembly: Hon. Deputy Speaker, the Standing Order on statements does not give leeway for debates to ensue. If you allow me, I can look at that Standing Order. view
• 6 Nov 2018 in National Assembly: Hon. Deputy Speaker, my deputy is making noise. He is the oldest Member in this House. Look at the Standing Orders. view