Hon Anthony Kimani Ichung'Wah

All parliamentary appearances

Entries 2601 to 2610 of 3227.

• 16 Feb 2017 in National Assembly: Hon. Speaker, I am winding up. I was talking about Clause 25 of the Bill on protection of young persons. It is only that the Leader of the Majority Party was interrupting me and out of respect since he is a good Muslim, I thought he wanted to contribute so I cut short my presentation. I am particularly concerned about the young people. We will need to rectify the order of the clauses. Clause 25 states: “The principal Act is amended by repealing Section 28 and substituting thereof the following new section- The electronic version of the Official Hansard Report ... view
• 16 Feb 2017 in National Assembly: 28 (1) A person who permits a young person to engage in, conduct or make available a gambling activity, commits an offence and shall be liable on conviction to a fine of not less than five million shillings or to imprisonment for a term of not less than five years or both.” This particular provision is very good in the sense that it protects those young vulnerable school children who are only after that extra coin for their pocket money and those young university students who are even being lured to become drug peddlers so that they can get money ... view
• 9 Feb 2017 in National Assembly: On a point of Order. view
• 9 Feb 2017 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I am rising on a point of order on the question of relevance. As much as Hon. Jakoyo is raising pertinent issues relating to the economy and the banking sector, is he in order to be raising some of these issues on the pretext of a Bill that has nothing to do with the issues that he is talking about? He has said nothing to do with the Bill. He is one of the Members who said, as I was watching from outside before I walked in, that he does not understand what this ... view
• 9 Feb 2017 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I am laughing because Hon. Jakoyo, in the last bit of his very articulate debate, has been relevant to the debate at hand. The Bill is creating very good provisions in law that will help the people of Kenya. I want to agree with Hon. Jakoyo Midiwo that, indeed, if there is a country where people are suffering because of inaccessibility of credit, then it is this country. It is perturbing because when this House moved, in the best interest of the people of Kenya, to legislate on the question of capping interest rates--- ... view
• 9 Feb 2017 in National Assembly: Just as Hon. Jakoyo has said, I am consistent in television and radio debates, because I articulate issues which relate to Kenyans. I also take a lot of interest in what others say both in this House and even on television. Last night, I heard the Chief Executive Officer (CEO) of Equity Bank, James Mwangi, buttressing a threat to Kenyans that they will not continue to access credit from commercial banks because they prefer lending to Government which is risk free lending. view
• 9 Feb 2017 in National Assembly: We cannot have a situation whereby Kenyans are unable to access credit. Hon. Jakoyo has addressed issues concerning loss of jobs and inaccessibility of credit. Members of Parliament (MPs) who have been to their constituencies will tell you that everywhere Kenyans are complaining that there is no money in their pockets. That is why some MPs are getting it rough back in the villages. Money circulates in the economy because people are able to access credit to put it into investments which create jobs and wealth. view
• 9 Feb 2017 in National Assembly: Therefore, if there is sector in this country which is sabotaging the growth of the economy it is the financial sector. This Bill comes at a very appropriate time to allow many of these financial institutions to take alternative securities other than just the fixed assets. Many of our youth and women do not have land which they can use as collateral to access credit facilities. But with this Bill they will be able to use those other moveable securities which they have. Think about the boda boda riders who are all over the country. They cannot use their motorbikes ... view
• 9 Feb 2017 in National Assembly: More importantly, is the issue which has been raised on accessibility to credit. I also want to submit that we will never bring down the cost of lending if the Government does not reduce its level of borrowing from the domestic market which is surprising. I will be bringing legislative proposals which I confirm are already going through due process in this House to check on the level of borrowing which the Government does from the domestic market. view
• 9 Feb 2017 in National Assembly: This morning in one of the engagements of my committee, the Public Investments Committee (PIC), we had a conversation with a parastatal CEO who confirmed that they are holding about Kshs600 million in a fixed deposit account, in one of the commercial banks, and are getting an interest of about 6 per cent. At the same time, the National Treasury is borrowing from the commercial banks at a rate as high as 13 per cent. It is not possible for any commercial bank to get money from Government through parastatals at 6 per cent and lend it back to Government ... view