12 Sep 2019 in National Assembly:
want to give Kshs335 billion to the counties which is a populist approach and when you are asked where you would get this money from… The projected revenue from the advice of the National Treasury and Kenya Revenue Authority (KRA) was already there. When you demand that you want Kshs335 billion and yet you do not have it, where will you get it from? When we are going to the negotiation table, we must demonstrate openness. We must show a win-win situation. The National Assembly has played a very good role. It is important for the community to know that ...
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12 Sep 2019 in National Assembly:
Thank you, Hon. Speaker. I know the Hon. Members are around. They have gone for short call and tea. Immediately we finish, as a Whip, you will get them so that we ensure that we pass this Bill today. Because of the aspect of time, I want request Hon. colleagues to move with speed and pass this Bill. When we take the Bill to the President for assent, we should use the… Our colleagues are not honest. Hon. Speaker, the truth has set us free. Hon. Speaker, as you forward the Bill to His Excellency the President to assent it ...
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12 Sep 2019 in National Assembly:
I support. Thank you.
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11 Sep 2019 in National Assembly:
On a point of order, Hon. Temporary Deputy Speaker.
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11 Sep 2019 in National Assembly:
Hon. Temporary Deputy Speaker, in terms of relevance, we are debating the amendments pertaining to ambiguity. We are not talking about profitability based on the capping of interest rates. Is the Member in order to talk about irrelevant matters in this case?
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11 Sep 2019 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. First and foremost, I rise to support this amendment Bill. There are three arms of Government, and there is separation of power in the principle of checks and balances. Parliament is there to enact laws, the Judiciary is there to interpret them and the Executive is there to implement them. When we passed this law, it was Parliament that passed it. So, whoever went to court, the person who was to be sued was Parliament. It is unfortunate and disturbing to hear that later, Parliament was enjoined. It was not sued. The moving of ...
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11 Sep 2019 in National Assembly:
them have small profit margins. In the long run, that was like robbery without violence. That is why the servant of the people of Kiambu Constituency, Hon. Jude Njomo, moved this Bill. If I can remember, at that time, I was the one who seconded it. The Bill was passed. In fact, at that time, we thought His Excellency the President would not assent to it because we know – and it is in the public domain – that he has interest in the banking industry. That is not a secret. We should keenly look at Article 115 of the ...
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11 Sep 2019 in National Assembly:
the Fulizas and Okoa Jahazis because they are making abnormal profits. No wonder Safaricom has been making abnormal profits here. Coming to the SMEs, the core business of a bank is to lend money to people so that they can do business. Those of you who have done basic economics, when you look at price elasticity, when the price of a commodity goes down, you expect the demand to go up. If the interest rates went down, we expect more people to borrow money. So, when you come to tell us that when the interest rates cap came in the ...
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10 Sep 2019 in National Assembly:
Thank you, Hon. Speaker. When this matter was on the Floor of this House, some of us opposed it. We followed the Report of the Departmental Committee on Defence and Foreign Relations because when that lady appeared before the Committee, she said that in case her name was approved by Parliament, the first thing she would do is to renounce her citizenship. If this lady has already gone, that shows that she has already failed the Leadership and Integrity Act test. Without wasting too much time, we need to start the process of recalling her because this matter was in ...
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8 Aug 2019 in National Assembly:
Thank you, Hon. Deputy Speaker for granting me this opportunity…
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