Dalmas Otieno

All parliamentary appearances

Entries 231 to 240 of 321.

• 21 Oct 2014 in National Assembly: When I look at the national accounts of our country, I find that the manufacturing sector is stuck at 13.5 percent of the GDP. There is no way we can increase employment in our country until we tackle industrialization. We will not tackle industrialization because it takes a lot of capital. So, we will not be able to raise that capital unless there is good order in the securities market so that more Kenyans can investment in that market. view
• 21 Oct 2014 in National Assembly: Venture capital is lacking in our country now. So, for any business to expand, they have to rely on debt capital. The psychology of our people now is that they want to control their enterprise. By controlling your enterprise, most likely, you are limiting the growth of the enterprise to the capital you can raise yourself. That is because you do not want to cede control to other investors. view
• 21 Oct 2014 in National Assembly: We have to put in place incentives that will change this attitude so that more venture and investment capital can be put in place so that our people can expand within the investment potentials that are available in the market. That is not happening. view
• 21 Oct 2014 in National Assembly: Hon. Temporary Deputy Speaker, when I arrived, the Member for Tiaty was talking about the savings rate. Actually, the Kenyan savings rate is very low that for every Kshs100 which we earn at the national level, 93 per cent is consumed. This means that we hardly save 7 per cent. So, all the growth that we are able to achieve is growth which is coming from debt capital. The Government is borrowing and it does not have savings out of ordinary revenues. It spends all ordinary revenues in Recurrent Expenditure and all Development Expenditure comes from debt or borrowing by ... view
• 21 Oct 2014 in National Assembly: In fact, we are now reaching our borrowing limit. If it was set at 50 or 60 per cent of the GDP, without the debasing of our national accounts, we have already hit the limit or the maximum we can borrow as a Government. view
• 21 Oct 2014 in National Assembly: If you look at the private accounts, it is the same scenario. If we continue to develop our economy in this manner, we will have only the few that have accumulated some capital getting richer and richer and the majority who do not have that capital will be waiting for employment which will not be there. view
• 21 Oct 2014 in National Assembly: Hon. Temporary Deputy Speaker, I am sure you are aware how those who have, have developed the hand-out culture so that they buy their seats to Parliament, to the Executive and to the co-operatives. This is to an extent that even student union movements are looking for funds which they can use to buy leadership as students. That is a stagnating economy. There is no way we can lift this economy to grow at more than 10 per cent of the GDP unless the savings and investment levels are increased. The electronic version of the Official Hansard Report is for ... view
• 21 Oct 2014 in National Assembly: You can see the interest in the House when you go professional in those things that even the Members do not wish to listen. The solution is not listening to what matters, but what will change the growth in our economy. That is what our dilemma is. So, we are going the simplistic way. I am sure the Mover of the Bill may have analyzed this. Unless we bring down the consumption percentages to less than 70 per cent and the saving levels go beyond 30 per cent, we cannot achieve a 10 per cent growth rate in the GDP ... view
• 15 Oct 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker, for granting me this opportunity to make a contribution to this Motion. When the ICC Prosecutor Moreno Ocampo came here to announce the six people he proposed to accuse, he made a very telling statement which was:- “I have no capacity to investigate all the Kenya post-election violence cases, but I will pick six people to be examples, three from the Orange Democratic Movement (ODM) and three from the Party of National Unity (PNU).” The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be ... view
• 15 Oct 2014 in National Assembly: As a politician, that approach signaled that the ICC trials were going to be political and were intended to demonstrate something which I am not sure Kenyans were aware of. Hon. Temporary Deputy Speaker, certainly, although one of the judges has since died he believed that the cases never met the threshold to be in The Hague. Nobody, even us as laymen, or the President and Deputy President at that time, deserved to be taken there. Why did we reach there? Hon. Temporary Deputy Speaker, we reached there because I was in it myself. I witnessed everything up to the ... view