Billow Kerrow

All parliamentary appearances

Entries 191 to 200 of 1385.

• 21 Apr 2016 in Senate: Mr. Temporary Speaker, Sir, I would like to advise the Senator for Bungoma County that in any business, be it a bank, one does business with an aim to make profit. However, when doing business, one can also make a loss. National Social Security Fund (NSSF) is an investor in the NBK which can make a loss like any other bank. Therefore, the Kshs1.2 billion is a loss on the operations of the bank. It is not a loss of the deposits. Therefore, all the other entities that have deposits there are not at risk because it is not a ... view
• 21 Apr 2016 in Senate: Mr. Temporary Speaker, Sir, I said that NSSF is an investor. That means a shareholder in the English language. There are many private banks that reported losses. The NBK is not the only bank. The NBK has been reporting losses for many years from the time of the former managing director. Therefore, reporting losses does not mean the bank’s deposits are affected. People should not confuse those two things. Secondly, Sen. Wetangula asked a question on the status of the accounts of the NBK. The accounts of any company quoted on the Nairobi Stock Exchange are public documents and are ... view
• 21 Apr 2016 in Senate: Mr. Temporary Speaker, Sir, I just want to bring to the attention of the--- view
• 21 Apr 2016 in Senate: Mr. Temporary Speaker, Sir, I have answered him. I do not know what he wants me to answer. However, I have answered all the questions raised by the hon. Senator unless he did not listen to me. He asked four questions and I answered all of them. view
• 21 Apr 2016 in Senate: Mr. Temporary Speaker, Sir, he has it in writing and I have read it. That is the assurance from the Cabinet Secretary of the National Treasury; that as far as he is concerned, there is absolutely no problem and the public and other monies in the National Bank are safe. May I read it once more? view
• 21 Apr 2016 in Senate: On a point of Order, Mr. Temporary Speaker, Sir. An allegation was The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate view
• 21 Apr 2016 in Senate: Yes. The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate view
• 21 Apr 2016 in Senate: Mr. Temporary Speaker, Sir, it was requested by Sen. (Prof.) Lonyangapuo. view
• 21 Apr 2016 in Senate: Mr. Temporary Speaker, Sir, Sen. (Prof.) Lonyangapuo requested for a statement on failure by county governments to pay for goods supplied and services rendered to them by suppliers and contractors. This is a very important Statement for Senators because the problem of lack of payment to suppliers of goods and services--- view
• 21 Apr 2016 in Senate: Mr. Temporary Speaker, Sir, this is a very important statement for the Senator because it is about the pending bills. Sen. (Prof.) Lonyangapuo wanted the Treasury to explain the issue surrounding failure by county governments to pay for goods and services supplied by suppliers and contractors. The response from the Treasury is that they have reflected on the above and would like to advise as follows:- (1) That, according to Section 94(a)(i) of the Public Finance Management (PFM) Act, 2012, any county government that fails to make any payment as and when due is in serious material breach of the ... view