Amos Kimunya

All parliamentary appearances

Entries 2461 to 2470 of 6175.

• 28 Jul 2020 in National Assembly: The electronic version of the Official Hansard Report is for information purposes view
• 28 Jul 2020 in National Assembly: (a) that, the House will hold morning and afternoon Sittings on Thursday, 30th July 2020, commencing at 10.00 a.m. and at 2.30 p.m. respectively, thereafter, the rest of Sittings of the House of Tuesdays and Thursdays shall stand suspended; and, (b) that, with effect from Wednesday, 5th August 2020, the House will hold its Sittings on Wednesdays only (Morning and Afternoon), commencing at 10.00 a.m. and at 2.30 p.m. respectively. Hon. Speaker, I am sure Members will appreciate that the rate of infections of COVID-19 is constantly rising. We thought it would be contained, but it is actually going up ... view
• 28 Jul 2020 in National Assembly: (a) that, the House will hold morning and afternoon Sittings on Thursday, 30th July 2020, commencing at 10.00 a.m. and at 2.30 p.m. respectively, thereafter, the rest of Sittings of the House of Tuesdays and Thursdays shall stand suspended; and, (b) that, with effect from Wednesday, 5th August 2020, the House will hold its Sittings on Wednesdays only (Morning and Afternoon), commencing at 10.00 a.m. and at 2.30 p.m. respectively. Hon. Speaker, I am sure Members will appreciate that the rate of infections of COVID-19 is constantly rising. We thought it would be contained, but it is actually going up ... view
• 28 Jul 2020 in National Assembly: Hon. Speaker, I beg to move that the Public Finance Management (Amendment) Bill be now read a Second Time. The objective of this Bill is basically to amend the Public Finance Management Act, 2012 by introducing a major amendment which seeks to create a framework that will facilitate the establishment and operationalisation of a Credit Guarantee Scheme to support Micro, Small and Medium Enterprises (MSMEs). Once established, the scheme aims to provide credit guarantees for the loans that will be issued to these institutions by commercial banks and other lenders. This will end up reducing the default risk as viewed ... view
• 28 Jul 2020 in National Assembly: Hon. Speaker, I beg to move that the Public Finance Management (Amendment) Bill be now read a Second Time. The objective of this Bill is basically to amend the Public Finance Management Act, 2012 by introducing a major amendment which seeks to create a framework that will facilitate the establishment and operationalisation of a Credit Guarantee Scheme to support Micro, Small and Medium Enterprises (MSMEs). Once established, the scheme aims to provide credit guarantees for the loans that will be issued to these institutions by commercial banks and other lenders. This will end up reducing the default risk as viewed ... view
• 28 Jul 2020 in National Assembly: The electronic version of the Official Hansard Report is for information purposes view
• 28 Jul 2020 in National Assembly: The electronic version of the Official Hansard Report is for information purposes view
• 28 Jul 2020 in National Assembly: is not even more than Ksh100 million can compete with the East African Breweries Limited (EABL) which brews in billions. The EABL will access credit based on its reputation but the local guy has no reputation. The bank will then price his risk higher and give him money, but at very high interest rates. When that risk is guaranteed by the Government, then the operating framework for the two is equalised. Hon. Speaker, for purposes of appreciating the sector, in 2019, it was estimated that these MSMEs contributed about 40 per cent of our Gross Domestic Product (GDP) and 90 ... view
• 28 Jul 2020 in National Assembly: is not even more than Ksh100 million can compete with the East African Breweries Limited (EABL) which brews in billions. The EABL will access credit based on its reputation but the local guy has no reputation. The bank will then price his risk higher and give him money, but at very high interest rates. When that risk is guaranteed by the Government, then the operating framework for the two is equalised. Hon. Speaker, for purposes of appreciating the sector, in 2019, it was estimated that these MSMEs contributed about 40 per cent of our Gross Domestic Product (GDP) and 90 ... view
• 28 Jul 2020 in National Assembly: As part of the response to COVID-19, we have seen similar initiatives in the USA and United Kingdom (UK) with partial financing for the employees for credit. With European Union (EU), a huge amount has been put to help businesses. So, we are joining the rest of the world to ensure that our people are insulated from lack of finance. The long and short of this is that our people will get access to this affordable credit, and I do not want to belabor that point. The Bill has provided safeguards that will be necessary to identify the right beneficiaries. ... view