25 Nov 2021 in National Assembly:
Through the Executive Order, and pursuant to Section 7 (1) of the State Corporations Act, Cap 446, the ICDC, on behalf of the National Treasury, was vested with the mandate of coordinating the management of the State’s investments in ports, rail and pipeline services. The ICDC on the one part, and KPA, KRC and KPC on the other, jointly, were to enter into an Agreement known as “The Framework Agreement” to anchor and integrate their operations towards establishing the KTLN. The Framework Agreement would secure the coordinated and synchronised implementation of the respective mandates of ICDC, KPA, KRC and KPC, ...
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25 Nov 2021 in National Assembly:
coordinated national transport and logistics network styled as KTLN. The Framework Agreement was developed and signed by ICDC, KRC, KPA, and KPC on 8th September 2020.
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25 Nov 2021 in National Assembly:
In order to implement the Framework Agreement, the operating entities developed Joint Operating Agreements to address specific thematic areas of cooperation in pursuit of the four broad objectives. The joint operating agreements were signed on 21st December 2020. The areas of cooperation towards achievement of the objectives of the Framework Agreement were identified and classified into 10 specific areas, namely; Strategy, Operations, Information and Communication Technology, Finance, Governance, Risk Management, Internal Audit, Shared Services, Communication and Public Relations, and Change Management. Dedicated work streams comprising staff from the operating entities and ICDC were formed to implement the activities under each ...
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25 Nov 2021 in National Assembly:
(ICDC), Kenya Ports Authority (KPA), Kenya Pipeline Company (KPC) and Kenya Railway Corporation (KRC); and, the National Treasury, the State Corporation Advisory Committee, the Office of the Attorney General and Department to Justice, came together to develop a working document for proper implementation of the Executive Order. The boards and management of the four State entities were consulted throughout the process. It is as a result of this agreement that a comprehensive framework agreement on the working formula of KTRN was agreed…
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25 Nov 2021 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I will go to the last part of the Statement Request – whether the Chairperson could explain the circumstances that led KPA to license private companies and firms namely Regional Logistics Centre Limited, Mitchell Cotts Kenya Limited and Portside Freight Terminals Limited to compete with the Government with regard to port services, and how this impacts on the new identity. The others just follow. Maybe, I can read this one because it is of interest.
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25 Nov 2021 in National Assembly:
Okay. Under 22, on the Authority’s capacity of warehouse space compared to demand, the Board met and agreed that they should open up the port services to other private entities so that they can decongest the Port. After negotiations which followed advertisement for expression of interest by various interested lessees, various companies were granted leases. The companies included Mitchell Cotts Freight Limited, who leased shed number 2; Regional Logistics Centre, who leased shed BP 3; and Portside Freight Terminal, who leased shed number 5. Currently, these companies offer cargo handling services and, therefore, complement the operations of the Port. Hon. ...
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25 Nov 2021 in National Assembly:
Hon. Temporary Deputy Speaker, I am Hon. David Mboni not Hon. Kimilu.
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25 Nov 2021 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker.
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25 Nov 2021 in National Assembly:
Thank you Hon. Temporary Deputy Speaker for giving me this opportunity to present a response to a Statement Request by Hon. Munene Wambugu. Hon. Temporary Deputy Speaker, pursuant to Standing Order No.44 (2) (c), Hon. Wambugu requested for a Statement on 23rd September 2021 regarding upsurge of unregulated investment schemes. As regards the number of regulated and unregulated schemes in existence in the country and whether the Chairperson could provide a list of the said schemes and actions that have been taken against them, the National Treasury responds as follow: There are 28 Collective Investment Schemes, three Real Estate Investment ...
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25 Nov 2021 in National Assembly:
Part (iv) of the Statement Request is what plans, if any, are underway to develop sensitisation programmes on the ills of ponzi schemes as well as give financial literacy lessons to encourage the citizens on available Government empowerment programmes for unemployed persons and other economically challenged groups for possible safer ways of investments so as to reduce the inclination to invest in unregulated schemes. In this regard, the Capital Markets Authority (CMA) has made the following efforts: (i) Emphasis on continuous and repeated communication with thematic messages on regulated capital market products, licensed entities in capital markets and risks of ...
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