Amos Kimunya

All parliamentary appearances

Entries 5641 to 5650 of 6175.

• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 67 of the Bill be amended in subclause (a) - (a) by deleting the words "the Central Bank"; (b) by adding the word "Board" immediately after the words "Deposit Protection Fund". Mr. Temporary Deputy Chairman, Sir, this, again, is meant to tidy up and clarifying this particular clause following our discussion with the Committee and the stakeholders after publication of the Bill. view
• 9 Oct 2007 in National Assembly: 4408 PARLIAMENTARY DEBATES October 9, 2007 view
• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to oppose the amendment by hon. Kajwang on the basis that, one, we deliberated on this matter with the Committee and have agreed. Secondly, I will give the rational for the increase in the capital requirements of the mainstream banks as opposed to the micro-finance institutions, for which this House now passed a law. The law says that anyone who wants to operate a small bank has the option through the Micro-Finance Act, where you only need Kshs20 million to operate in one area or Kshs60 million to operate on a national basis. ... view
• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I have not moved my amendment. We have just disposed of hon. Kajwang's amendment which was to delete Clause 68. My amendment was to delete and then amend. So, I think there is a confusion because you explained that, first of all, we dispose of that deletion and then mine was a deletion 4410 PARLIAMENTARY DEBATES October 9, 2007 and an amendment. I believe the Committee was waiting for my amendment. view
• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 70 of the Bill be amended in subclause (5) by inserting the words "in consultation with the Bank" immediately after the words "price stability target". view
• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 71 of the Bill be amended in subclause (b)(ii) by deleting the words "in consultation with the Minister" appearing in the proposed paragraph (c). Mr. Temporary Deputy Chairman, Sir, the import of this is to basically delete the need to consult with the Minister on the appointment of the staff members into the Monetary Policy Committee. view
• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir, the Clause the Committee is seeking to delete refers to the introduction of a non-executive Chairman October 9, 2007 PARLIAMENTARY DEBATES 4411 of the Board of the Central Bank of Kenya and the creation of an extra Deputy Governor. So, the new structure of the Central Bank of Kenya should have a Chairman, Governor and two Deputy Governors. The sentiments of the Committee are that, that needs to come within the wider review of the Central Bank of Kenya Act. If I take that the gentleman's agreement of the Committee is holding; that the only ... view
• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir--- view
• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I am not taking the House for a lapse. There are two issues which I want to clarify. I think an issue has been raised that the Chairman will be appointed by the President, who might then lead to an erosion of the independence. I wanted, first of all, to prevent this House from casting aspersions on the President. That, by the President appointing the Chairman, that is going to lead to the erosion of the independence of the Central Bank of Kenya. Mr. Temporary Deputy Chairman, Sir, the Deputy Governor and five members of ... view
• 9 Oct 2007 in National Assembly: Mr. Temporary Deputy Chairman, Sir, the 4412 PARLIAMENTARY DEBATES October 9, 2007 second issue which I want to clarify--- view