29 Nov 2018 in National Assembly:
What do you mean, Hon. Wamalwa? Is there anybody who is not a leader in this House? We are all leaders. I am one among the equals.
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29 Nov 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker, for giving me this chance. I want to support the amendments, but I will make some observations.
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29 Nov 2018 in National Assembly:
As a House, we need to be serious. If we want to help this country, we must do things correctly. We are talking about imprest. The fact that somebody said that this matter was resolved, I agree that we need to get it out of the Report. But the kind of explanations I have heard here, as a person who has a bit of experience in this area, I am not convinced. At what point does the Auditor-General come to look at the reports of ministries? Does he come immediately after accounts are closed? He comes after six months. When ...
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29 Nov 2018 in National Assembly:
I support the amendment but let us make sure that the kind of arguments we push forward as a House do not send the wrong signals to Kenyans.
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29 Nov 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. Let me also make a contribution to this Bill, which to me appears to be very straightforward and, at the same time, addressing a very important matter when it comes to capital markets. Despite what Hon. Nyoro has said, the Kenyan capital market is one of the robust markets in this region. But when you compare it with other countries in the international capital markets, we are not doing very well. The essence of this Bill is to focus more on the people who take advantage of capital markets when they have insider information. ...
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29 Nov 2018 in National Assembly:
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29 Nov 2018 in National Assembly:
Major investors sell their shares and immediately the company starts experiencing financial challenges. This is very important such that if an individual in an institution in this country seems to be taking advantage of what we call insider information, then this House has the mandate and the responsibility to legislate so that such people are punished to ensure that they do not sabotage the economy.
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29 Nov 2018 in National Assembly:
The other issue is that the capital market seems not to be very stable. I like what Hon. Nyoro has said. Most companies are deregistering and, as a result of that, they are collapsing and not much is happening in those markets. In terms of management of those markets, even though we are said to be the best in the region, we need to pull up our socks. We need to have directors and people in charge of those markets doing much more research to ensure that they provide products which benefit Kenyans in the sense of generating income. Kenyans ...
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29 Nov 2018 in National Assembly:
With those remarks, I support these amendments. If this Bill becomes an Act of Parliament, it will go a long way to help Kenyans and this country will grow.
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