Isaac Maigua Mwaura

All parliamentary appearances

Entries 1211 to 1220 of 1711.

• 18 Aug 2015 in National Assembly: have cost-effective ways of building roads. There are many models of building roads. The one that has been cited most is the Malaysian model. This needs to be encouraged. The fact is that right now the official rate for one kilometre of road is Kshs80 million; this is quite high. Even if we are raising more money from Kenyans, we must increase the road network and not just have this money increased and the road network is not expanded as should be the case. Hon. Deputy Speaker, there is also the issue of tax rebate for those who engage graduates ... view
• 18 Aug 2015 in National Assembly: There is also the provision that seeks to make an amendment with regard to the Retirement Benefits Act. There is a small typographical error here. If you look at the Memorandum at the end of the page, there is a variance in the provision. Here, it talks of moving it from six to three but the actual intent is from six to five. That is a small observation that needs to be looked into. view
• 18 Aug 2015 in National Assembly: Hon. Deputy Speaker, another issue is on the increment for the capital base for banks. The Central Bank of Kenya Governor has pronounced himself on this issue. I want to echo the same sentiments. Of late, it is true we have had banks put under receivership like the Dubai Bank. You may want to say that quite a number of them, especially those emerging from micro finance banks and small banks on shaky ground--- If you look at the story of Equity Bank and Family Bank, and particularly Equity Bank--- I call it the economic revolution. Sometimes, we look for ... view
• 18 Aug 2015 in National Assembly: Big banks want to make profit. And, they do not seem to target new and emerging markets. A lot of segments of our economy are informal. If you are to tap this kind of money into the mainstream economy, then you need to ensure there are options in terms of banking and starting banks. Many people are going into SACCOs and entities that seek to create more opportunities for them to have avenues to bank. At some point, I was involved in the creation of a bank called “Mega,” but I do not think it went far. It had aspirations ... view
• 18 Aug 2015 in National Assembly: Hon. Deputy Speaker, in terms of employment, if you are going to regulate that area, some of the banks have to merge and close. That in itself does not speak very well in relation to the issue of creating jobs. view
• 18 Aug 2015 in National Assembly: It is important to regulate the insurance industry. It is well documented in terms of the minimum capital requirement, especially for insurance and long-term insurance. More Kenyans are getting these products and we do not want to have a situation where they invest their money then entities go under. Hon. Deputy Speaker, My time is up. I support. view
• 5 Aug 2015 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I rise to speak on this Bill. If you look at the Memorandum of Objects of this Bill, you will find that it is a very good Bill. The overall objective is to give incentives for various enterprises to have a special treatment of sorts with regard to access to basic amenities that would require the manufacturing of goods and services in this country. But some issues arise when you go through this Bill. If there are other existing legislations with regard to this issue, this Bill does not seem to address the manner ... view
• 5 Aug 2015 in National Assembly: In his writings, Julius Nyerere observed that sometimes when you concentrate the economy at the centre and you leave the periphery, it is disastrous in terms of economic growth. This is because you actually strive for the growth of other sections of the country and if anything was to go wrong at the centre, then it would affect the whole economy. It has been witnessed that when there is a lockdown in the country, there is no business in Nairobi, then it means there is no business in other parts of the country. In fact, the official statistics put it ... view
• 29 Jul 2015 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I rise to support this Motion. I want to start with the visit of our recent visitor and our big brother, President Obama. When he was here he spoke about corruption. I remember him vividly saying that if you are employed in the public service and you start accumulating wealth say, you buy a new car, a new House and yet people know your payslip, people are not stupid. They will know that there is corruption happening somewhere. Indeed, when President Obama went to Addis Ababa, he further quoted that there is nothing that ... view
• 29 Jul 2015 in National Assembly: If you look at the vetting of policemen under the John Kavuludi-led commission, you are likely to hear of a policeman with Kshs100 million in his account, which he cannot account for. If we are to share our experiences, as Members of Parliament, we will confess that in the system of police, things only work if you have power or money. In this country, if you want the police to do their job, you have to bribe them; you have to pay them over and above what they are supposed to do. I have been engaged in rescue missions of ... view