Washington Jakoyo Midiwo

All parliamentary appearances

Entries 2111 to 2120 of 3513.

• 4 Oct 2012 in National Assembly: 16B. Where the Government is a shareholder in a bank or financial institution, the maximum interest rate that the bank or financial institution may charge for a loan or monetary advance shall not exceed by more than four per centum the rate set and published by the Monetary Policy Committee established under section 4D of the Central Bank of Kenya Act. view
• 4 Oct 2012 in National Assembly: 16C. Where a national government public fund is established for the benefit of the youth, women or other vulnerable or marginalized groups, loans or monetary advances made to beneficiaries under the fund shall be disbursed only through a bank or financial institution in which the government is a shareholder. view
• 4 Oct 2012 in National Assembly: 16D. A public entity shall open and operate bank accounts only in a bank or financial institution in which the government is a shareholder. Mr. Temporary Deputy Chairman, Sir, I see a lot of jitteriness on the side of the Minister. All I am seeking to do--- As you remember last year I had tried to cap all interest rates of all banks. I was even called a communist. I have now decided to adopt view
• 4 Oct 2012 in National Assembly: On a point of order, Mr. Temporary Deputy Chairman, Sir. I plead with the Minister to just hear me out. If you read the three amendments together, we are also further saying that all Government monies shall be banked in these banks. In other words, we are increasing their capital base. All the Kenyans shall borrow from them and they will make a whole lot more money than they are making today. At the same time, we are creating predictability and we are giving--- view
• 4 Oct 2012 in National Assembly: On a point of order, Mr. Temporary Deputy Chairman, Sir. Is the Minister, first of all, in order to say that we are curtailing profits made by banks, while the Government, even hon. Kimunya has several times prescribed interest rates that we charge on Women and Youth Funds year after year? He directs them to private banks. In fact, one particular bank has made billions from money that should be lent at 8 per cent, but they are lending it at 30 plus per cent. Is he in order? view
• 4 Oct 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I want to say that for the youth and women funds, none of these banks has ever given it at the prescribed 8 per cent. So, if you throw away this amendment, it means you are only caring for your interests. You should at least for once care about the poor women; Wanjiku and Atieno in the village. This is an amendment which I consulted the Minister and it would be fair that we debate it soberly. We should not debate it as if we are the banks because the Government has a responsibility to--- view
• 4 Oct 2012 in National Assembly: We should take care of those very shareholders. view
• 3 Oct 2012 in National Assembly: On a point of order, Mr. Deputy Speaker, Sir. Is my friend “the rat eater” in order to be so arrogant and so deceptive to the extent that he is refusing to wake up to the fact that CBK has a legal department but keeps hiring external lawyers at the expense of innocent Kenyans? Mr. Deputy Speaker, Sir, if he cannot answer the Question, can you make him go back and prepare so that he can come back with an answer instead of wasting our time? We have important business before us this morning to take care of. Order him ... view
• 3 Oct 2012 in National Assembly: Mr. Deputy Speaker, Sir, I rise to support the Bill. view
• 3 Oct 2012 in National Assembly: Mr. Deputy Speaker, Sir, you did give me a chance. I rise to support--- view