Francis Mwanzia Nyenze (Deceased)

All parliamentary appearances

Entries 451 to 460 of 981.

• 29 Oct 2014 in National Assembly: Hon. Speaker, there are other unions the world over. Whenever you have a union, you pull so many people together. You create a market and demand for goods. When you come together like that, other countries want to do business with you because you are such a big market. When eventually this monetary union becomes a political union, it will be one country, one day. That is our belief. When we become one country of over 150 million people, with a big GDP, everybody will want to trade with East Africa, because we will have discovered hydrocarbons. By the way, ... view
• 29 Oct 2014 in National Assembly: Hon. Temporary Deputy Speaker, once we come into a monetary union and later on a kind of federal state, there will be free movement of labour and most of these people we are saying are jobless, will get jobs in these countries and will not be required to produce those papers. They will not be restricted. There will be free movement of capital. Kenyans are very enterprising when it comes to business and they should take advantage because this is a bigger pie. So, it is very good and timely for us to support this monetary union. The Committee has ... view
• 29 Oct 2014 in National Assembly: I was watching in the news today. I saw the launch of one of those rockets that go to the outer space which exploded in the United States of America. Sorry for that. However, there was a Russian rocket that was launched which was very successful. The question is that those countries that have gone even to space technology and dominated the world in politics, economy, trade and in everything, they all have big populations. However, tiny countries that have remained alone do not get anywhere. You will be rich but nobody will listen to you because you do not ... view
• 22 Oct 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker for giving me this chance to contribute to this important Bill. Let me start by saying that the Bill is timely and I support it. I would want to say that, the Insolvency Bill, National Assembly Bill, No. 15 of 2014, has come at the right time. We know that there has been a global economic slowdown which has affected so many countries. When this happens, very many companies experience difficulties in paying creditors and so forth hence they just collapse. This Bill is there to regulate the economy, by putting in loss which ... view
• 22 Oct 2014 in National Assembly: economy where insolvent companies are either resuscitated or liquidated. There are two ways just as I have said, Uchumi was resuscitated and it is doing very well today. You can allow it to die by liquidating it. If you look at the biggest economy on the globe, which is the United States of America, when they had crisis and their companies and corporations were facing financial crisis, their government came to their rescue. They pumped in money and they never went under. In economies like Greece, where the Government never put in so much money, today, there is a lot ... view
• 22 Oct 2014 in National Assembly: Hon. Temporary Deputy Speaker, I was very surprised when I visited America and China. The cost of money is so cheap. The interest rates are so low and that spurs economic growth because wherever you go, it is very easy. You go to a bank and they do not ask for a lot of collateral. It is at very minimal cost. This is something that these legislators can also address. The Insolvency Bill does not completely address it but it addresses many other issues that I had interest in and that is why I am supporting it. But it is ... view
• 22 Oct 2014 in National Assembly: do not want to do something that will bring shame to them and their families. So, they are always conscious and they do a good job. That is why women become very good drivers because they are careful and do not want to cause an accident. view
• 22 Oct 2014 in National Assembly: I do not want to digress from the point but I am saying that in my constituency, Kitui West, many people have lost their roofs. The roofs have been removed because they borrowed money from financial institutions and they could not pay back. I come from a semi arid area where doing business is risky and difficult. Even in this Bill, something could be done--- view
• 22 Oct 2014 in National Assembly: I do not want to digress, but it is a new point. view
• 22 Oct 2014 in National Assembly: I will hurry up. view