Amos Kimunya

All parliamentary appearances

Entries 6061 to 6070 of 6175.

• 31 Oct 2006 in National Assembly: On a point of order, Mr. Temporary Deputy Speaker, Sir. I have heard the shadow Minister for Finance constantly referring to the Governor of the Central Bank of Kenya as a constitutional office holder. Is he in order to mislead the House that the Governor is actually protected by law through the Constitution, whereas we should be referring to the Central Bank of Kenya Act? In fact, the Governor is not a constitutional office holder. view
• 26 Oct 2006 in National Assembly: Mr. Speaker, Sir, I beg to move that The Licensing (Repeals and Amendments) Bill be now read a Second Time. Mr. Speaker, Sir, the purpose of this Bill is basically to refine the legal framework of the licensing regime governing the conduct of business activity in Kenya. In this respect, the Bill seeks to abolish several licences that impact negatively on the cost of doing business in Kenya. These licences are either outdated or impose higher cost to users as compared to the actual or anticipated benefits. Some of these licences emanate from the colonial period, some of which are ... view
• 26 Oct 2006 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I believe that the spirit of this Bill has captured this House. I want to thank hon. Members for the support that they have given me. This is something that was long overdue. I wish to confirm to hon. Members that even as we repeal these laws, we are still committed and will continue protecting upcoming Kenyan traders and facilitating their businesses. I also would like to confirm to hon. Michuki that, in fact, with regard to traditional liquor, we are moving it from its own statute and merging it with all other liquor licensing ... view
• 26 Oct 2006 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I beg to move that the Finance Bill be now read a Second Time. Mr. Temporary Deputy Speaker, Sir, may I start by expressing my sincere gratitude to hon. Members of this august House for the support that they have given to the taxation proposals that I announced during this year's Budget. As I indicated, our economy is now enjoying a broad-based expansion that we have not witnessed in decades. The real Gross Domestic Product (GDP) increased to 5.8 per cent in 2005 from 4.9 per cent in 2004. However, in order to address the ... view
• 27 Jul 2006 in National Assembly: Mr. Deputy Speaker, Sir, I confirm that I signed the answer and it was delivered to Parliament this morning. However, it may not have reached the hon. Member. view
• 27 Jul 2006 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. (a) I am aware that the CMA has authorised Scangroup Ltd. to offer for sale to the public 60 million ordinary shares of a value of Kshs1 in Scangroup Ltd. at an offer price of Kshs10.45, to offer for subscription to the public of 9 million new ordinary shares of Kshs1 each by Scangroup Ltd. at an offer price of Kshs10.45. The Listing is of 159 million ordinary shares of Scangroup Ltd. on the main investment segment of the Nairobi Stock Exchange (NSE). The gross proceeds of the offer, assuming a full ... view
• 27 Jul 2006 in National Assembly: Mr. Deputy Speaker, Sir, I have given the role of the Government in regulating the financial markets. The decision as to whether to invest in a company or not is not and cannot be made by the Government. That has to be an individual decision. Our role, as a Government, is to ensure that there is a level playing ground and all the necessary disclosures by a vendor have been made. That has been made within their prospectus. Any investors would analyze the information that Mr. Muiruri has asked on whether it is worth investing in that company or not ... view
• 27 Jul 2006 in National Assembly: Mr. Deputy Speaker, Sir, contrary to the impression being created here, Kenyan investors are very clever. They know when it is a good buy and when it is not. Our role, as a Government, and I will state it again, is to ensure that any company that wants to sell shares in the Nairobi Stock Exchange has disclosed the necessary information so that a serious investor can go through it and make a decision in good faith. I confine the role of the Government to regulation rather than advising people on whether to invest in a company or not. view
• 27 Jul 2006 in National Assembly: Mr. Deputy Speaker, Sir, I am not sure what the excitement is on this issue. The Scangroup has offered shares for sale and has released to the public a prospectus which is a publicly available document. Members have not raised an issue with the information contained in the document. So, I am not even sure what I am supposed to be answering in terms of the concerns of hon. Omingo. If he has any concerns on the contents of the prospectus or whether we have failed in our bit, I can answer that. But as of now, I believe we ... view
• 27 Jul 2006 in National Assembly: Mr. Deputy Speaker, Sir, let me thank the Member for bringing to the House what is publicly available out there for any Member to pick. However, just to clarify things for the general understanding of the public, as a Government, we are promoting the listing of companies on the stock exchange. The listing of companies on the stock exchange follows from individual investors promoting a company and bringing it to a state where they would want to share it with the rest of Kenyans. That is what is happening in this case. In terms of what one makes or does ... view