18 Feb 2020 in Senate:
The vibrancy of SACCOs, especially in the early years of this country was well known. We have many societies, and in my local language, it is called sosait. Many people are encouraged to join milk cooperative societies. I have seen dairy SACCOs in my county such Kabiyet Lelgi, Taleltany, Lelchego. Many SACCO societies that are being run and owned by farmers, and they offer financial services that assist farmers to access financial services without enduring the rigorous process as in the banks. If one wants a loan from the banks, they might need security, guarantors and the entire process. The ...
view
18 Feb 2020 in Senate:
This amendment is one way of ensuring that it is like the banking institutions, where one uses deposit and withdrawal services. If this amendment goes through, we expect the SACCO Societies Regulatory Authority (SASRA) to ensure that they properly regulate this SACCO business. I think Karl Marx, if I am not wrong, said, “Religion is the opium of the poor.” I saw a ‘man of God’ starting a SACCO; taking that Kshs5,000 or 10,000 from members; and the other day, we were told that he ran away with everything. We also have a classical case where the Director of Criminal ...
view
18 Feb 2020 in Senate:
Madam Temporary Speaker, despite the financial sector having its challenges, we must also make SACCOs competitive, because most of the SACCOs are still being run based on the laws that were there before, yet the banking sector is evolving daily. That is why we are even discussing about mobile banking. We are also talking about electronic use, and we now have apps where you can just go to your bank and borrow money from the app using your mobile phone. Madam Temporary Speaker, it means that the financial sector is undergoing a serious revolution with the modern day technology. We ...
view
18 Feb 2020 in Senate:
Kenyans can be empowered economically. If we have a conversation about the BBI without the economic empowered of our citizens using SACCOs and others sectors, it will not have a necessary impact. Madam Temporary Speaker, I can see the director of Orange Democratic Movement (ODM) elections is smiling. She agrees with me, because she comes from a pastoralist community. We also want livestock to become a source of economic empowerment. We do not only want to be politically and democratic empowered, or have women and youth empowerment; we also want economic empowerment through the agriculture sector. Therefore, we must create ...
view
18 Feb 2020 in Senate:
Madam Temporary Speaker, she said “among other issues,” and we will attend that rally in Narok. I hope that they will also push for the arrest of the biggest land barons in this country who have disenfranchised many Kenyans of their land. I will be happy to see many people being arrested for stealing land from Kenyans.
view
18 Feb 2020 in Senate:
Madam Temporary Speaker, I am sorry for that. In conclusion, Madam Temporary Speaker, to create vibrancy, we will support and ensure---
view
18 Feb 2020 in Senate:
In conclusion, I would want to see SASRA trying to give us an innovative way to revolutionize the SACCOs. This is because from where we come from, farming is important, and we are encouraging farmers to join societies to allow them to have the financial muscle and economic empowerment. I look forward to quicker expedition of this amendment so that Kenyans can continue to benefit. Thank you, Madam Temporary Speaker, for this opportunity.
view
13 Feb 2020 in Senate:
Thank you, Madam Temporary Speaker, for this opportunity. I thank you for welcoming all of us from the long holiday and recess. We had the opportunity to interact with our constituents and families.
view
13 Feb 2020 in Senate:
From the outset, I support the Motion that is before the House. As Committee Chairs, we work closely with the Members of the SBC. We hope that as we move forward, the House leadership led by Sen. Mutula Kilonzo Jnr. will assist committee chairpersons in processing some of the issues for approval, so that we can fast-track some of the Petitions, Statements, Bills and many other issues of concern.
view
13 Feb 2020 in Senate:
Madam Temporary Speaker, there are a few points that I would like to bring to the attention of the Senate as we begin this new session. I am happy that during the previous session, you led the Committee on Justice, Legal Affairs and Human Rights to process the Petition that is before the High Court. We are now waiting for directions from the High Court and the Office of the Chief Justice on the issue of Bills that were passed unprocedurally and without the concurrence of the Senate. We hope this matter will be put to rest. In 2013, the ...
view