David Ole Sankok

All parliamentary appearances

Entries 1281 to 1290 of 2182.

• 20 Nov 2019 in National Assembly: I hope they are not saying this for the sake of it. I hope it will happen pretty soon. We should see the Government paying its suppliers. We need to keep our people in business to avoid a situation where they have to sell their propriety or get auctioned because of failure to repay loans taken against Local Purchase Orders (LPOs) and Limited Service Offering (LSOs). More importantly, we are now moving beyond the public sector to the private sector to protect the same SMEs from buyer power abuse. We know many SMEs have gone under because of dealing with ... view
• 20 Nov 2019 in National Assembly: As has been ably articulated by the Chair of the Departmental Committee on Finance and National Planning, it is about time we reined in on the big buyers to protect SMEs and ensure that they stay in business. Therefore, it is important for us to support this amendment Bill so that we can arm the Competition Authority of Kenya with some teeth to bite, so that when the big buyers abuse their buying power, the CAK can take action. There should be penalties for abuse of power. I support this so that suppliers or SMEs are paid within specific timelines. ... view
• 20 Nov 2019 in National Assembly: Today, it is a sad affair that most small value addition industries have gone under because of this, not just in the public sector, but also in the private sector. I think it is our business as the National Assembly to protect SMEs. They are the future of this nation in terms of industrialisation and creation of the much-needed employment in the country. We have seen each county trying to come up with their own value addition supply chains like dairy factories or fruit processing industries at their level. If we protect them, they will get the required market, get ... view
• 20 Nov 2019 in National Assembly: With those few remarks, I beg to support. I urge this House to support this very important amendment. view
• 20 Nov 2019 in National Assembly: Hon. Temporary Deputy Speaker, let me take this opportunity to very deeply thank all the Members who supported this very important Bill. We have no doubt in our minds that the time must come for this House to fight for SMEs in this country. That is where the real economic development of this country begins. I want to thank all the Members who contributed and supported this important Bill. view
• 20 Nov 2019 in National Assembly: I have heard great ideas from most of the Members who have supported the Bill, starting with Hon. Jude Njomo. He should bring them and then we can look at them and ensure that he brings the necessary amendments that will make the Bill even better. Hopefully, we will rescue our SMEs from unfair business practices that are meted against them. This will make them grow and make this nation great. view
• 20 Nov 2019 in National Assembly: With those few remarks, I beg to reply, Hon. Temporary Deputy Speaker. view
• 20 Nov 2019 in National Assembly: Hon. Temporary Deputy Speaker, I beg to move that the Insurance (Amendment) Bill 2019 be now read a Second Time. It is my hope that Members have taken time to read this Bill. I will now give brief highlights of the proposed amendments. view
• 20 Nov 2019 in National Assembly: The Bill proposes to amend the Insurance Act to introduce the new definition of the term “Long term insurance business” to incorporate the new clauses of the long-term insurance business as was introduced by Legal Notice No.108 of 2016. The Bill further proposes to delete the definitions of the terms “Board investment business” and “Industrial life insurance business”. These amendments are meant to align the provisions of the Act with the new classes of long-term insurance business as introduced by the Legal Notice No.108 of 2016. The proposed deletions are for the classes of long-term businesses that were repealed by ... view
• 20 Nov 2019 in National Assembly: Clause 3 of the Bill proposes to repeal Section 43A of the Insurance Act in order to harmonise the provisions of the Act with the requirement of capital adequacy as introduced by the Insurance (Amendment) Act No.50 of 2016. The concept of capital adequacy replaced the application of the concept of admitted assets and liabilities in determination of the capital of an insurer. Clause 4 seeks to introduce a penalty for the insurers and intermediaries for failure to The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from ... view