Benjamin Kipkirui Langat

All parliamentary appearances

Entries 2341 to 2350 of 2560.

• 18 Sep 2013 in National Assembly: Hon. Temporary Deputy Speaker, I seek for your indulgence that we defer debate on this Bill until another date. This is because I am not ready to move the Bill today because I have had a very busy schedule with the Bills which fall under my Committee. One of them has a fixed deadline which is next week. So, I have been working overnight to ensure that we pass the one with the timeline. I seek your indulgence that we defer the Bill until future dates. view
• 18 Sep 2013 in National Assembly: Thank you. view
• 17 Sep 2013 in National Assembly: Thank you, hon. Speaker, Sir, I beg to move that the Microfinance (Amendment) Bill, National Assembly Bill No.3 of 2013 be now read a Second Time. view
• 17 Sep 2013 in National Assembly: First of all, I want to welcome the Members back to the House. I am sure they are now ready to transact the business that is ahead of us. Unfortunately, we need to do a lot of induction because when we are doing very important legislation, the Members of Parliament can move out like they have done. Then tomorrow, they will start addressing Press conferences saying that the Jubilee Government has harassed Kenyans. We passed the VAT Bill, all of us in this House and those who were there agreed. Unfortunately, people transact their businesses in the media. We need ... view
• 17 Sep 2013 in National Assembly: Having said that, first and foremost, the initial Microfinance Act was passed in 2006. That was meant to give some legislation to the microfinance sector which is a big sector in terms of our development and poverty reduction. Many years back, the banking sector in Kenya used to belong to a very few selected people. They could decide to do anything they wished to do. I remember one time banks could liaise and say that the minimum deposit was Kshs5,000 for everybody regardless of their incomes. That excluded many Kenyans from the banking sector because not many of us were ... view
• 17 Sep 2013 in National Assembly: moment, the Government has come up with what we call the Uwezo Fund to reach Kenyans wherever they are. Ideally, if our banking system was working properly, that is the work of the banks. It should not have been the business of the Government to get money to lend to people. That should be the business of banks. But because the system is not accessible to many people, the Government has come up with the Uwezo Fund. This is part of micro-financing for the small-scale businessmen and women. One of the provisions of this amendment is that it seeks to ... view
• 17 Sep 2013 in National Assembly: Hon. Speaker, Sir, the other issue is giving operationalization control power to the CBK. I hope that this House will support these amendments. view
• 17 Sep 2013 in National Assembly: We invited the association of microfinance institutions which is actually the stakeholder when we met. One of the issues that they informed the Committee is that they support the Bill but they wished to propose some amendments which we will bring during the Third Reading. I want hon. Members to keep in mind one of this. They say that when they go to the village shopping centres, they are usually called microfinance deposit taking. So, it is very hard for them to convince their customers to save because according to many customers, they are used to the word “bank”. They ... view
• 17 Sep 2013 in National Assembly: Hon. Speaker, Sir, we are going to consider many other amendments. They are saying, for example, that they are not allowed to issue cheques, they are not allowed to trade in forex and foreign exchange. Those are the issues that we will consider at the Third Stage so that we do not only pass a Bill that gives the CBK more powers to control microfinance institutions, but we also enable them to do their business very well. I am sure you may not see Barclays Bank or Standard Chartered Bank in many places. However, I am very sure that many ... view
• 17 Sep 2013 in National Assembly: I believe that this sector is very crucial in terms of our development. We are encouraging many of our youths now--- Many people are saying that they want our youths to participate in bidding for tenders. I support that our youth be awarded a 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