Amos Kimunya

All parliamentary appearances

Entries 5801 to 5810 of 6175.

• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, on measures to promote housing development, the current housing and shelter is still inadequate to meet the demands of Kenyans. Last year, I exempted interest earned on deposits for home ownership savings plans of up to Kshs3 million. To further encourage development of housing and provision of affordable housing to Kenyans, I propose to:- (i) give industrial building allowance to persons constructing residential buildings for rental purposes for the low income earners; and, (ii) zero-rate the taxable goods and taxable services supplied to specific projects for the construction of a minimum of 20 units of houses situated ... view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, in order to encourage more people, again, to own houses, I also propose to amend the Retirement Benefits Act to provide for assignment of the pension benefits as security for accessing housing loans, subject to the development of appropriate regulations to ensure the spirit of pension benefits is not eroded; and also to ensure that not all the pensions benefits amount is used for security of the housing loan. The long and short of this is that somebody will be allowed to use their pension as security to borrow a loan to buy their house that they ... view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, our banking sector is currently characterised by small and unviable institutions incapable of investing in modern technology and critical mass of competency required to provide modern and efficient banking services to Kenyans. This has led to dominance of the local banking sector by foreign-owned institutions. In order to encourage the merging of small local banks so as to enable them to expand and compete with foreign-owned banks in terms of resources, technology and services, I propose to raise the minimum capital for banks from the current Kshs250 million to Kshs1 billion to be accumulated over the next ... view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, in order to expand the coverage by the National Social Security Fund (NSSF), I also propose to amend the NSSF Act to allow individuals to contribute voluntarily to the June 14, 2007 PARLIAMENTARY DEBATES 1843 Fund as in the case of NHIF. Here, we are looking at individuals who are currently locked out because they are employed by an employer who is not eligible; who has less than five employees or those who are in the Jua Kali sector who want to contribute to the NSSF, but currently cannot do it. I further propose an amendment to ... view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, I also propose amendments to the Retirement Benefits Act to provide for the establishment of a Trust Fund within the Retirement Benefits Authority (RBA) for receiving the pension funds, together with the accrued investment earnings of the pension benefits of scheme members that cannot be traced when the schemes are wound up. This will safeguard the benefits of the scheme members that are eroded over time by liquidation costs since the liquidators are unable to discharge their duty until the amounts are completely depleted or a member turns up. Mr. Speaker, Sir, on measures to improve safety ... view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, I have taken the liberty of inviting the young Kibet into the House for the benefit of interacting with Members, hereafter. view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, young Trevor Kibet wrote as follows:- " I have been watching the economy grow from 0.3 per cent to 6 per cent. But, sometimes, I ask myself why Kenya cannot be like Singapore or South Africa. I went for Young People Conference in South Africa in February and I was amazed by the infrastructure. Is Kenya ever going to build such roads? Kenya, definitely, has potential to become a world class economy. I watch Cable Network Business Channel (CNBC). When I am of age, I will create a business channel that will encourage politicians to talk about ... view
• 14 Jun 2007 in National Assembly: I think it is time that we have professional political leaders. We could make Kenya not only a huge economic country, but also make Kenya a business centre. Kenya will, one time, be a huge economy. I will support the Government. I will not just simply talk of how bad or good the Government is. I will take action and build Kenya even in the smallest way possible. I think it is time for me to take action. It is also time for all Kenyans to take action. I have taken the risk to write to you. I believe the ... view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, young Trevor Kibet is calling upon us to take action and join hands to build our country. The time is now for each one of us to take action towards making our country prosperous. The Budget I have presented today for 2007/2008 is, therefore, intended to consolidate and accelerate our recent achievements, and to broaden opportunities for all Kenyans to participate in building a brighter future that Trevor and other Kenyans yearn for. That young Kenyan is challenging us to have a positive outlook to life, love ourselves and our motherland and, most importantly, focus on economic ... view
• 29 May 2007 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I rise on a point of order to clarify an issue that has been attributed to me especially by some hon. Members on their campaign trail. They claim that I have repealed the Traditional Liquor Licensing Act and allowed people to start brewing traditional liquor. view