10 Mar 2016 in National Assembly:
We are not only talking of interest rates, but there are other charges. When a customer goes to borrow money from a bank, an agreement is drawn in a language that very few people can understand. You cannot understand the agreement unless you have done some commerce. The layman just signs because at that point he is desperate for that money, but there are so many other underlying factors. I thank Hon. Jude, who has said that they should disclose all other charges which they might be charging in the course of servicing loans. At the end of the day, ...
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10 Mar 2016 in National Assembly:
how they come about. So, they need to disclose all the charges and put it in a language that is understandable to all borrowers. Our banks think that they are making money, but they are chasing away investors from this country. Many people are shy to borrow because they do not know how they are going to repay the loans. Some people have been paying loans for the last 20 years and they might never finish them because of high interest rates. At the end of the day, the principal amount remains stagnant until it becomes a court case. People’s ...
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10 Mar 2016 in National Assembly:
The idea of cautioning banks is not to micromanage them, but they have to be tamed to attract investors into our country. Those who borrow to invest will get returns, so that small businesses and industries can grow. As banks grow, they should be growing with their customers and not their customers dying and they are left afloat.
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2 Mar 2016 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker, for giving me this opportunity. I stand to support the Motion as amended and thank the Mover and the Member who brought the amendment. Passports and IDs are just one and the same thing because they serve almost the same purpose. They are an entitlement to every citizen in this country and more so to those who need to use them for various purposes. This Motion is timely. As I speak, we have a crisis in this country as far as issuance of IDs and voters’ cards is concerned. It is becoming a big ...
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1 Mar 2016 in National Assembly:
Thank you, Hon. Speaker, for giving me opportunity to support the Community Land Bill, which is a constitutional Bill. The Bill addresses the most emotive issue in our country. To Kenyans, land is next to life. When land issues are mentioned, eyebrows are raised because many aspects come with it. Under previous laws, land has been a preserve of the communities living on it who occupy it as their ancestral land or by any other means. Community land is land which has been hived off from individual parcels of land. Roads and other public utility lands are hived off as ...
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1 Mar 2016 in National Assembly:
the land should determine what they want to do with the land. The Bill is trying to address that aspect. On unregistered land within any given county, the Bill provides that such land should be held in trust by the particular county government. The Government or the county government should not register land into any use without the consent of the people who will eventually own the land. In the past, it was said that what belongs to a person is a depth of six inches of the land one ploughs, but what is beneath belongs to the Government. That ...
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1 Mar 2016 in National Assembly:
Therefore, I propose that this Bill gives figures of the compensation a community would get when their land is acquired for change of use, minerals have been found or the Government wants to put it into any other use. The community should get a specific percentage of the value of that land. The county government and the national Government should share the rest. We have other public land like shrines, clan land and sacred places where people stay. In Meru we have Njuri Ncheke shrines. Nobody can dare take that piece of land. It is the preserve of the community. ...
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1 Mar 2016 in National Assembly:
handle the issue of change of use. Should it be the county government or the Cabinet Secretary for Land or the Commissioner for Lands? I have a lot of problems. The matter is pending in Prof. Swazuri’s office. When I go to the Cabinet Secretary’s office, he tells me to go to Swazuri’s office and when I go to Swazuri’s office, he says that I should go to the county government offices. When I go to the county government offices, they tell me to come back to Nairobi. This has been a teething problem, but this law will make it ...
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24 Feb 2016 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. I agree with the Committee and also the Senate amendment to the same.
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24 Feb 2016 in National Assembly:
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