David Gikaria

All parliamentary appearances

Entries 1521 to 1530 of 2696.

• 21 Feb 2017 in National Assembly: Clause 27(a)(3) says that you need one year to comply. It is important to have SACCOs in existence. Once this Bill comes into law, those SACCOs will comply and get their licences. Clause 27(a)(4) says that the existing co-operatives will not be allowed to change their by-laws until they get approval from the Authority. That is in line and proper so that they do not go ahead and change many by-laws without getting authority or approval from the Authority. view
• 21 Feb 2017 in National Assembly: Clause 27(b) says that for a co-operative society to be incorporated or registered, it must get approval from the Authority. That is okay so that if you want to start a SACCO business, you must get an approval which will check some of the issues, particularly those of suitability. There are those who, in the past, have been involved in fraudulent activities in the banking industry or financial institutions. It is high time the Authority checked that. I have said that the checking of academic qualifications might not be in line and might be questioned legally or lawfully. If you ... view
• 21 Feb 2017 in National Assembly: The conditions that have been set to check your credibility regarding your financial status are honesty, reputation, character and financial integrity. Those are issues that can be checked. But as I have said, we will bring some amendments in the Committee of the whole House to try and remove some of the issues that have been raised, particularly the academic qualifications. We should allow people who might not have gone to school to bring their financial muscle and allow them to join in partnership with other people who have the qualifications that are required for that purpose. view
• 21 Feb 2017 in National Assembly: Further to the conditions that have been given for purposes of registration, it is important for us to look at them very critically. It is true that if you look at what the SACCOs have done within the small village communities particularly in our backyard, we will go a long way. We are happy. For example, in Nakuru County, small-scale traders have started their own Wakulima Market and it is doing wonders. We assisted them with money from the Uwezo Fund by giving them just Kshs4 million. If you look at the Wakulima SACCO as it is now, they have, ... view
• 21 Feb 2017 in National Assembly: I support the Bill with the amendments. We are going to bring the amendments in the Committee of the whole House stage, so that we can assist our colleagues at the SACCO level. view
• 16 Feb 2017 in National Assembly: I support, Hon. Temporary Deputy Chairman. view
• 16 Feb 2017 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. I totally agree with the Leader of the Majority Party on this. It is very true that counties--- Nakuru County, for example, has 26 different accounts in almost 13 different banks. Most of the time when you want to pay for a service, there is a specific bank for a specific service. That has been designed for purposes of corruption and looting of the money. In Nakuru, we used to have a court where they used to collect money that used to go to a bank of a SACCO or in the nature of ... view
• 16 Feb 2017 in National Assembly: issue, for purposes of operations in the county, must also go to a Government bank. That way, we will have some control. On kickbacks, these banks give these county government officials some money when they open account in those banks. This is particularly the case in the finance departments. You will be very surprised to see that livelihoods of very young finance officers in counties have changed all of a sudden. That has arisen as a result of the multiple bank accounts opened for the counties. I totally agree. If this is passed, I think it is going to take ... view
• 16 Feb 2017 in National Assembly: Actually, Hon. Speaker, what you have just said is exactly what I wanted to emphasise. Just to amplify what you have said, as a Member of the Committee on Implementation, these recommendations are in line and our business is after the approval by the House, assuming that the House will approve this. We have been doing this and I can see it is now starting to bear some fruit. Just the other day, there was a recommendation by the PIC regarding the Youth Enterprise Development Fund and we have seen action being taken. Parliament should not always talk in vain. ... view
• 16 Feb 2017 in National Assembly: Thank you, Hon. Speaker for giving me this opportunity to try and ventilate on what the Chairman of the Departmental Committee, the Member for Matungu, has just said. I am a Member of the Kenya Football Federation and we have been a huge stakeholder in the betting industry in this country for the last two years. The Federation is a big stakeholder because most of the betting companies focus on sporting activities like football and rugby. I was looking at Article 109 of the Constitution on how we are supposed to legislate. A Bill can come from a Member of ... view