Billow Kerrow

All parliamentary appearances

Entries 761 to 770 of 1385.

• 16 Jul 2014 in National Assembly: It was signed and received! 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
• 15 Jul 2014 in Senate: Mr. Speaker, Sir, I want to give a statement on the escalating bank interest rates that was sought by the Senator for Murang’a County. If I may proceed? view
• 15 Jul 2014 in Senate: The statement sought was on three areas; one, the Senator wanted to know the relationship between the high interest rates charged by banks and the very high profit after tax being made by the banks in this country. Secondly, he wanted to know the impact of the high interest rates on development and economic growth particularly in the counties. Lastly, he wanted to know the relationship between the profit made by the Central Bank of Kenya (CBK) from lending to banks and the profits made by those banks. Mr. Speaker, Sir, this is very useful because these are some of ... view
• 15 Jul 2014 in Senate: Thank you, Mr. Speaker, Sir. The Senators have sought very useful information; I will try my best to answer them. As for the clarification sought by the Senator for Murang’a, it is true that when you compare with other countries in the report that I had submitted; for example, in South Africa, the private sector credit is 100 per cent of the Gross Domestic Product (GDP) compared to the 42 per cent in Kenya. In other words, there is less money that was available to the private sector in Kenya than if you compare to Mauritius, South Africa and some ... view
• 15 Jul 2014 in Senate: Mr. Speaker, Sir, the clarification sought by Mr. Kajwang about profits, I have also made it very clear that the high profits being earned by banks is a matter of concern not just by the Government but the whole country. This matter has been raised. It is unacceptable. Even when the economy is not performing, the single sector that performs well in terms of profitability is, in fact, the banks. I want to clarify that it is only 42 per cent of the data that has been earned here that is interest earned from banks. The majority of their profits, ... view
• 15 Jul 2014 in Senate: Mr. Speaker, Sir, I respect the Senator. However, I think he missed something. When I was presenting, about page four of that Report, I said that there are up to seven, eight or nine steps that the Government is taking to try and address that issue. One of them is the one that I mentioned on the KBA preference rates that were published last week. There are many other steps that are being taken. I did not want to go into detail. You can read these in the statement. The correlation in the schedule that is provided here is very ... view
• 15 Jul 2014 in Senate: On a point of order, Mr. Deputy Speaker, Sir. What is not clear is when a Bill is referred from the National Assembly to the Senate. If it is a Bill affecting counties, I can understand in accordance with the Constitution and our Standing Orders. 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
• 10 Jul 2014 in Senate: Thank you, Mr. Speaker, Sir. I rise to give a Statement that was requested by the Senator for Murang’a on the escalating bank interest rates. view
• 10 Jul 2014 in Senate: Mr. Speaker, Sir, it is listed on the Order Paper today. view
• 10 Jul 2014 in Senate: Thank you very much, Mr. Speaker, Sir. I have the answer. I wanted to respond because the answer is available and I am sure the hon. Senator has gone through it; it is an extensive answer. However, I really wanted to seek clarification on one or two items from the Cabinet Secretary (CS). So, I seek the indulgence of the Senator so that I can bring the Statement on Tuesday. I have seen the Statement; it is a good one. But as an accountant, when I go through it, I know that there are some things which I would prefer ... view