Hon Anthony Kimani Ichung'Wah

All parliamentary appearances

Entries 2751 to 2760 of 3232.

• 5 Oct 2016 in National Assembly: Hon. Speaker, I beg to move the following Motion:- THAT, this House adopts the Twentieth Report of the Public Investments Committee on the Accounts of State Corporations, laid on the Table of the House on Thursday 30th December 2015. view
• 5 Oct 2016 in National Assembly: Hon. Speaker, from the Report that was tabled in the House, Members will realise that the Committee has gone through many things over the last few months to cover a total of 64 State corporations. We examined their audited financial statements as were tabled in the House. In examining and scrutinising the audited financial statements of all those State corporations, our primary approach was to elicit background information as to why each of them had issues that had been raised by the Auditor-General in his financial audit reports. Throughout our engagement with the various State corporations, we did examine each ... view
• 5 Oct 2016 in National Assembly: The Committee has endeavoured to see to it that all our engagements are in line with all set Government regulations like the Public Procurement and Asset Disposal regulations of this country, the International Public Sector Accounting Standards and International Financial Reporting Standards relevant for commercial State corporations. To a large extent, the Committee has been guided by the mandate and strategic objectives of each of those State corporations or rather what each of those State corporations is expected to achieve for this country at the time they were established. view
• 5 Oct 2016 in National Assembly: The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 5 Oct 2016 in National Assembly: I will enumerate a few of the general observations and recommendations as per the findings on the audited financial statements of the 64 State corporations. Just like we had reported in our 19th Report, which we tabled, debated and adopted by this House sometimes this year and towards the end of last year, the Committee observed that very many State corporations still continue to operate under a very weak financial position. They operate under very strict financial constraints largely occasioned by mismanagement and imprudent commercial practices within their operations. view
• 5 Oct 2016 in National Assembly: An example is the Horticultural Development Authority (HCDA), which is now a directorate under the new AFFA Act. In the Financial Year 2004/2005, they had a deficit of Kshs129 million, which brings the total cumulative deficit to a negative of close to Kshs1 billion - about Kshs763 million as at the end of June 2005. That is not the only corporation that is suffering from that sort of position. Those who come from pastoralist areas will bear me witness. A State corporation like the Kenya Meat Commission (KMC) is in a very precarious financial situation and continues to rely on ... view
• 5 Oct 2016 in National Assembly: sector like our public universities, still rely heavily on the Exchequer to finance their operations. Even a school like the Kenya School of Monetary Studies that initially operated under a grant from the Central Bank of Kenya (CBK), as it is, is still heavily reliant on those grants both from the Exchequer and from CBK . One wonders why universities that are admitting thousands of our children and charging them very high fees are not able to operate profitably and even be a source of revenue to the Exchequer. Instead, they are relying on the Exchequer for financial support whereas ... view
• 5 Oct 2016 in National Assembly: Sorry for that. It is the microphone that went off. Those public universities have resources like land. Again, many have land outside our CBD and in other cities across the country that they can utilise by partnering with private sector players, earn revenues and, therefore, diversify from the over-reliance on fees from their students. I am generally mentioning the things that we have observed almost across the entire spectrum of 64 corporations. The third observation that the Committee observed across the board is non-remittance of statutory deductions. It is sad that statutory deductions such as National Social Security Fund (NSSF), ... view
• 5 Oct 2016 in National Assembly: We have made very telling recommendations and one of the things we have proposed--- This is money that has already been deducted from an employee’s salary. Some of the employees are retiring and others are falling sick. They cannot, therefore, access health services because their NHIF cards are not updated. Those who retire cannot access their pension dues from NSSF because their contributions were not remitted. Therefore, the Committee has recommended that all State corporations should settle all statutory deductions in a timely manner as provided for in the relevant legislation and financial regulations to avoid contravention of the law ... view
• 5 Oct 2016 in National Assembly: Hon. Temporary Deputy Speaker, we did this to safeguard public interest. I am sure many Members in this House will support this move because they are the people who deal with many of those unfortunate staffers who are forced to go without support from NHIF simply because their dues have not been remitted. Those people flock our constituency offices seeking medical assistance. If only the State corporations had remitted this money--- That is why we have put timelines as to when all the State corporations that have deducted statutory deductions from their employees must remit that money to KRA, NSSF, ... view