Isaac Maigua Mwaura

All parliamentary appearances

Entries 811 to 820 of 1711.

• 20 Nov 2018 in Senate: investments, but to ensure that there is transparency and accountability. Otherwise, at face value, it looks good. This is because, for example, government “A” needs a certain project to be implemented; a person invests his or her money in that project, recoups his or her capital, makes profit and then moves on, and everybody is happy. Therefore, it is not just a question of doing so because in practical terms, it is not that simple. We, therefore, also need to learn. We want to look at what other jurisdictions have done regarding this and how has far it been successful. ... view
• 20 Nov 2018 in Senate: The risk associated with your own revenue is that nobody will question you about the repayment period and so on, and so forth. However, that bracket has already been exhausted. It is, therefore, a question of being pragmatic. With the appetite for debts by the county governments, as nascent as they are, without cogent measures, they will find themselves in problems. We, as the Senate, need to help counties to protect themselves from greedy investors whose only motivation is to make one more dollar. view
• 20 Nov 2018 in Senate: From what we have canvassed on the Floor of the House, it seems as if wisdom has not percolated into this Bill. We may need to have an informal engagement – just like I have seen a lot of breakfast meetings on this and that Bill – to further interrogate this Bill. When it leaves here, we will then have no control on which investors governors will be looking for so that they can recapitalise on the local resources that need to be exploited. view
• 20 Nov 2018 in Senate: It is amazing, because it is through this vehicle that we are then going to either empower or disempower our country and, of course, the bigger platform of Africa. We need to put this very clearly. One of the things that I have actually been contemplating seriously is that we have to create sanctions in law for individuals who profiteer from public contracts without full disclosure. This is because we may end up committing debts to people unknowingly, yet we are benefiting privately. Recently, there has been the declaration that Kshs14.8 trillion is banked offshore from this economy. Now, if ... view
• 20 Nov 2018 in Senate: Recently, we heard the President of Switzerland saying they have our US$1 billion. If that money was to be channeled back through PPP – because that is private equity, even if it was stolen – how much more can it do to transform this country? Is there a way we can have a PPP framework? This is a question of being pragmatic, which enables people who have looted from their own country to return the money for public investment. This money is currently contributing to the growth of other people‟s economies in the world, yet we are still struggling in ... view
• 20 Nov 2018 in Senate: very high interest rates. Is there a way we can tap this money back through this framework? Can we have creative provisions in law that would enable such kind of engagements? Even if we say that it is a question of using the legal mechanism of asset recovery and fighting corruption, we may not make a lot of progress. view
• 20 Nov 2018 in Senate: We can see the serious challenges of cash flow that we face when transacting Kshs1 million. There is a pastor at CBK – Dr. Njoroge – and I congratulate him for being a good pastor. Because of this, people are not able to invest fraudulent money using the financial system. They are hiding their money in the pillows and under their mattresses, leading to a problem of circulation. How do we tap into it? It is not just a question of provisions of the law. Once again, we need to move further and ask ourselves these questions philosophically. Where are ... view
• 20 Nov 2018 in Senate: I would still insist that we should not just rush this Bill to the Committee of the Whole. I know there is urgency with regards to the pending projects under the Big Four Agenda. However, we can have informal sessions where we can inform and interrogate these issues further so that whatever proposals we make, they can carry us through with regard to this new form of fiscal financing. Mr. Speaker, Sir. I beg to support. view
• 23 Oct 2018 in Senate: Thank you, Madam Temporary Speaker. I seek your indulgence. I was busy serving Kenyans. I seek to present the following Petition. This is a Petition to the Senate concerning clearance requirement by the public service boards on application for jobs in Kenya. We, the undersigned citizens of Kenya and in particular the youth of Kenya, draw the attention of the house to the following- (1) THAT, unemployment in Kenya is one of the biggest challenges facing youths which is estimated to have risen up to 35 per cent. Unemployment rates in Kenya refer to the number of persons who are ... view
• 23 Oct 2018 in Senate: (5) THAT, youth, especially the fresh graduates, from both tertiary, technical and universities have an uphill task to get clearances from: The Higher Education Loans Board (HELB), the Kenya Revenue Authority (KRA), the Credit Reference Bureau (CRB), the Ethics and Anti-corruption Commission (EACC) and the Criminal Investigations Department (CID). (6) THAT, these clearances require the youth to commute and pay an average of Kshs6,000 as follows- CID – Kshs1,050 for withdrawal. I do not know who came up with that. HELB - Kshs1,000 KRA - Kshs1,200 EACC - Kshs1,000 CRB - Kshs2,000 view