11 Aug 2021 in National Assembly:
Thank you, Hon. Deputy Speaker forgiving me this opportunity to contribute to this very important Bill that will save our generations. I sincerely thank the originator of the Bill, the late Hon. Oroo Oyioka, may his soul rest in eternal peace. I am sure wherever he is, he must be very proud of the Departmental Committee on Finance and National Planning led by Hon. Gladys Wanga for not rubbishing his thoughts, but picking them up and bringing the Bill for us to discuss in the House. So, I urge the Members, in honour of our departed colleague, to support the ...
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11 Aug 2021 in National Assembly:
We have made it very possible for the youth to borrow because we have killed our economy and created an appetite for money. Do you know how we have killed our economy? We have done this using the trickle-down economic model where we facilitate in terms of laws and financing big corporates and put all our money, energies, policies and laws there as a Government. They are facilitated to grow with an aim of having them employ the youth. This has become a major avenue of corruption and money is put in institutions like the Kenya Airways (KQ), which is ...
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11 Aug 2021 in National Assembly:
Money is hanging up there and the only cure is the bottom-up economy. When we leave the bottom of the pyramid with no money, we create an appetite for borrowing. But in the bottom- up kind of economic model, we will make laws, policies and put our finances at the bottom of the pyramid in SMEs, mama mboga s and boda boda riders. I am sure corrupt individual will not corrupt kiosks or access boda boda riders’ money. Then the people at the bottom of the pyramid will have money and this will reduce the appetite for borrowing. This has ...
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11 Aug 2021 in National Assembly:
With those many remarks, I support the Bill 100 per cent.
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11 Aug 2021 in National Assembly:
Thank you, Hon. Deputy Speaker forgiving me this opportunity to contribute to this very important Bill that will save our generations. I sincerely thank the originator of the Bill, the late Hon. Oroo Oyioka, may his soul rest in eternal peace. I am sure wherever he is, he must be very proud of the Departmental Committee on Finance and National Planning led by Hon. Gladys Wanga for not rubbishing his thoughts, but picking them up and bringing the Bill for us to discuss in the House. So, I urge the Members, in honour of our departed colleague, to support the ...
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11 Aug 2021 in National Assembly:
If you are good in paying, borrow daily and pay daily, you will pay Kshs50 multiply by 365, which translates to Kshs18,250 on an initial Kshs1000 capital that you borrowed. Even if you are doing illicit business, you cannot make that profit margin. These people have made it easy for our youth to borrow and sometimes to steal, so that they can satisfy their urge in the betting industry. All of these characters are colluding and killing the future of our youth. I said they are worse than shylocks because I was once a victim of one called Tala, before ...
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11 Aug 2021 in National Assembly:
We have made it very possible for the youth to borrow because we have killed our economy and created an appetite for money. Do you know how we have killed our economy? We have done this using the trickle-down economic model where we facilitate in terms of laws and financing big corporates and put all our money, energies, policies and laws there as a Government. They are facilitated to grow with an aim of having them employ the youth. This has become a major avenue of corruption and money is put in institutions like the Kenya Airways (KQ), which is ...
view
11 Aug 2021 in National Assembly:
Money is hanging up there and the only cure is the bottom-up economy. When we leave the bottom of the pyramid with no money, we create an appetite for borrowing. But in the bottom-up kind of economic model, we will make laws, policies and put our finances at the bottom of the pyramid in SMEs, mama mboga s and boda boda riders. I am sure corrupt individual will not corrupt kiosks or access boda boda riders’ money. Then the people at the bottom of the pyramid will have money and this will reduce the appetite for borrowing. This has made ...
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11 Aug 2021 in National Assembly:
I support the Bill and urge Members of this House to join us, the Departmental Committee on Finance and National Planning, and the late Hon. Oroo Oyioka, in supporting and ensuring that his dream comes true in terms of controlling the digital lenders.
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