Isaac Maigua Mwaura

All parliamentary appearances

Entries 1401 to 1410 of 1711.

• 22 Oct 2014 in National Assembly: that have tried to fly to places like Kakamega have since stopped simply because of the kind of monopolistic tendencies that have occurred. Those who own planes have no opportunity to hire out transport services. They are actually limited with regard to who they can do business with. Statistics do not lie; they are very clear. Indeed, we need to liberalize our air space. We need to have more people travel because it is better for our economy. It is going to save time and money. As we move from the middle level economy, there will be some form of ... view
• 21 Oct 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I rise to support the establishment--- view
• 21 Oct 2014 in National Assembly: Okay. Thank you, hon. Temporary Deputy Speaker. I think also, generally, with regard to the matter that has been raised by hon. Gumbo, it is the speed of that internet that needs to be looked at and more so even in our offices at Continental House. Sometimes it is very frustrating for a Member when you want to transact business and you cannot connect to the internet. You have to give excuses to people you are engaging with. It is a bit embarrassing. Hon. Temporary Deputy Speaker, I rise to support the establishment of this institute because this is one ... view
• 21 Oct 2014 in National Assembly: Thank you. Therefore, if you look at the entry behaviour, not the one of my friend, hon. Jared Opiyo, but of people who enter into this profession –the markets, it is highly questionable. You just have a graduate in Economics who therefore claims also to be an expert in these fields and, therefore, it is not sufficient to say that this sector has been properly regulated. The existence of the Capital Markets Authority (CMA) really has served to regulate the books and other money markets but not necessarily the players themselves who are very important. As they say, for any ... view
• 21 Oct 2014 in National Assembly: middle-income economy in terms of the rankings. However, if you look at the development model, this is what you can call the semi-periphery. We want to move into the periphery or the core of development. If that were to happen, we must have a proper calculation of what is flowing in terms of cash flows and investments in the market. Hon. Temporary Deputy Speaker, one would actually notice as a Kenyan or maybe an onlooker that there is a lot of money in the informal economy that is not in the formal economy. This money is, of course, invested in ... view
• 21 Oct 2014 in National Assembly: Hon. Temporary Deputy Speaker, again, if you look at the functions of the institute, you will find that it is supposed to ensure that there are standards of competence. It is very interesting to say that whatever is there is inadequate. Therefore, one may not have any form of recourse if he or she has a complaint on any form of misadvise. I would like to imagine that this kind or type of competence would also require some form of honesty so that you are not selectively given information for investment that would otherwise be detrimental just because somebody would ... view
• 21 Oct 2014 in National Assembly: You remember very well the case of Equity shares. When they were floated in the market and were oversubscribed, the price went very low. This is the case and yet people had even taken loans and were unable to invest properly. I think these are some of the things that would ensure that we do not misdirect capital that would otherwise be used for the growth of the economy. view
• 21 Oct 2014 in National Assembly: This institute, as well, has the responsibility of advising the Capital Markets Authority (CMA) with regard to the day-to-day goings on within the whole sector of securities and investment. This is very welcome because while on one hand the CMA has been seen as the man with the big stick, sometimes the decisions that are supposed to be made by that Authority must be informed or must be as a result of advice coming from the best that we have in that sector. view
• 21 Oct 2014 in National Assembly: In fact, this institute is also given the responsibility of promoting its own recognition at the international level. If you look at our financial sector or our securities and investment sector, you will find that we rank quite highly. The Nairobi Stock Exchange is quite close to the number one which is Johannesburg Stock Exchange. That, therefore, means that we in this region, especially now that our economy is also ranked quite highly, need to develop a way in which we are recognized at the international level and that we have the sum total of that which is required for ... view
• 21 Oct 2014 in National Assembly: Hon. Temporary Deputy Speaker--- view