29 Aug 2018 in National Assembly:
Thank you, Hon. Deputy Speaker. There is surely nothing medical. I am glad that at least Hon. Makali Mulu has been able to make those two points that had not been mentioned by anybody. They are very important points because if we do not tie all the agreements for grants and loans that we need before the Budget process begins, then it means every year we will have to come back with this sort of amendment. I want to thank the few Members who have contributed to this Bill. It is very important to ensure that the Division of Revenue ...
view
29 Aug 2018 in National Assembly:
On a point of order, Hon. Temporary Deputy Chairman.
view
29 Aug 2018 in National Assembly:
Hon. Temporary Deputy Chairman, it is the Member who has just contributed. I will put the cart before the horse because he is talking about things that we have not got to. First, we are dealing with the issue of the National Housing 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
29 Aug 2018 in National Assembly:
Development Fund, but not the contributions. We cannot have contributions without the Fund. Therefore, let us dispense of the issue of the Fund.
view
29 Aug 2018 in National Assembly:
Allow me to use this opportunity to contribute to this proposed amendment. The Fund is a noble idea. All developed countries anywhere in the world have it. Hon. Jude has referred to South Africa. For Singapore and Malaysia to get to where they are, they started the way we are starting by creating a Fund where we can collate funds.
view
29 Aug 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I was seeking your indulgence.
view
29 Aug 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. I rise to support the amendment by the Committee through the Chairman. It is instructive because I spoke to this yesterday. Two of the points I did not mention yesterday are that banks, within the two years we have capped interest rates, have still been making colossal profits like they were making before the capping. Two, it is important and instructive to note something. I appreciate what Hon. Atandi, who has been a banker, is saying, and he worked with my wife. However, we must also be faithful to the people we represent in ...
view
29 Aug 2018 in National Assembly:
CBK can adjust the CBR when inflation goes down and benefit Kenyans with even lower interest rates.
view
29 Aug 2018 in National Assembly:
Lastly, this must be a challenge to the Government and the National Treasury. The Government cannot continue to compete with Kenyans on borrowing money from the domestic market. I must take this opportunity to state that we, as a House, need to make proposals to ensure that the Government does not compete with Kenyans in the domestic money market.
view
29 Aug 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. I was saying that as people who speak for borrowers and not the capital owners in this country, we must also speak to the Government to ensure that it does not compete with us and our people in getting money from the domestic market. One of the clear ways is proposals that have come to this House. A part of them has been adopted, but has never been implemented in terms of cash flow management in the Government. Most of the money that the Government borrows in the domestic market is its own funds ...
view