21 Feb 2017 in National Assembly:
You are today comfortable to open an account with Equity Bank, Co-operative Bank and all the other banks that fall under the regulation of the Central Bank of Kenya (CBK) because one is confident that there is the Deposits Protection Fund, and the Kenya Depositors Insurance Corporation. We seek to bring that regulation into the SACCO movement to make sure that people can save and deposit their funds within SACCOs under some form of regulation. That should be clear to the Members of this House so that we do not fall into the temptation of moving amendments to Clause 27 ...
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21 Feb 2017 in National Assembly:
It is also worth noting that the movers and shakers in the housing and real estate sectors are in the SACCO movement. They have even formed housing companies. Mhasibu, the Police and Safaricom SACCOs have housing companies. The Safaricom SACCO has an investment arm. We cannot allow this industry to operate without regulations. Matatu drivers and touts are now forming their own SACCOs. We must have distinguished between SACCOS where co- operators come together to save money and advance credit to each other, and those which utilises people’s deposits. Hon. Speaker, the Member for Juja is interrupting me with notes ...
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16 Feb 2017 in National Assembly:
Thank you, Hon. Speaker. I draw reference to something you said yesterday regarding Members’ participation during the Second Reading. Consequently, when we come to the Third Reading, all the things that we put forward during the Second Reading are not put into action in terms of amendments. I heard what was said by the Chairman of the Committee and Hon. Wamunyinyi, and it is true. I want to support what Hon. Wamunyinyi said that legislation is not a one-day event. It is not that when we start the Second Reading today, this process will come to an end today. There ...
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16 Feb 2017 in National Assembly:
Hon. Speaker, we should proceed and allow the Committee to listen to other stakeholders. Members can bring their amendments during the Third Reading. Allow us to debate and articulate on issues that affect our people.
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16 Feb 2017 in National Assembly:
Thank you, Hon. Speaker. You can hear the Hon. Member for Kiharu saying that I always fight with Hon. Midiwo on television. But on matters that touch on the people that I represent, I have no option but to close ranks with Hon. Jakoyo Midiwo and support him. A lot has been said by the Mover of the Bill on many issues that touch on this Bill. I was just sharing with Hon. Katoo and he reminded me of something that the Reverend who was preaching during the funeral of the late Hon. ole Ntimama said. He said that there ...
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16 Feb 2017 in National Assembly:
Hon. Jakoyo Midiwo gave an example which was given by the Senator for Nyeri, Hon. Mutahi Kagwe. That problem is not only in Nyeri, Rongo or Kikuyu, but all over the country. I want to believe it is even in northern Kenya, where many Muslims are not in the business of gambling. But because they have integrated with people from other communities in this country, that evil is taking a very deep root in this country which we must uproot. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be ...
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16 Feb 2017 in National Assembly:
This Bill is not criminalising gambling or betting, but simply asking that we regulate that industry. The slot machines that we are talking about are in corners of kiosks, bars and hotels. There is no regulation or any revenue collection authority in this country which knows how much money gets into those machines, who owns them and whether or not they are paying taxes. This Bill also goes on to regulate an industry which originally, since we were small children, seemed to be regulated. But the laws which were there are not adequate to regulate gambling in casinos. In the ...
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16 Feb 2017 in National Assembly:
This Bill is good as Hon. Jakoyo said. It is not everything in this Bill which is good but please let us not kill what is good for this country because of our own selfish interests. I support this Bill and ask Members to support it. I beg to second. Thank you, Hon. Speaker.
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16 Feb 2017 in National Assembly:
Sorry, Hon. Speaker. I wish to second this Bill. Now, that you have allowed me, there is something very critical in this Bill which I had highlighted on the question of young people. Clause 9(5A) states: “(1) A person shall not hold a licence or permit issued under this Act, if that person- (a) is a young person; (b) is a public officer; (c) is listed on the register of excluded persons; (d) is a family member of a person who is a member or employee of the Board; (e) is bankrupt; (f) is not a fit and proper person ...
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16 Feb 2017 in National Assembly:
Hon. Speaker, the question of young people because---
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