Washington Jakoyo Midiwo

All parliamentary appearances

Entries 551 to 560 of 3513.

• 13 Apr 2016 in National Assembly: everybody has supported this Bill. Let me also thank my friend, Hon. Jude Njomo, who has allowed me to reply on his behalf because there is an official State function in his constituency. He has done a good thing. As you know, I have tried over the years to do this, but I think the moment is right. We want to do this with speed given the moment. By next week, we want to come to the Third Reading of this Bill. I hope having listened to Members of Parliament, there will be no change when it comes to voting ... view
• 13 Apr 2016 in National Assembly: We will bring a raft of amendments. We delayed this Bill for almost three weeks or a month to give the banks a chance to meet the Departmental Committee on Finance, Planning and Trade and the Mover of the Bill. All we have seen is that they are talking about how bad this Bill is. It is good to tell the nation that there is a difference between control of interest rates and regulation of interest rates. What we are doing here is regulation and we must. I agree with Hon. Mlolwe who has said that self-regulation for the banks ... view
• 13 Apr 2016 in National Assembly: This House must ask itself why the Government should have interest and shareholder- ship in four banks, and then put public funds in a bank owned by an individual. How did the Youth Fund get into Chase Bank? There must be people in Government and in CBK who are hell-bent on bringing this economy down. view
• 13 Apr 2016 in National Assembly: How did Brazil overtake Great Britain as a world economic power? It is because they dealt with this mess we are addressing ourselves to. The World Bank and the International Monetary Fund made noise that you cannot control interest rates. What did President Rousseff do? She went to an equivalent of the KCB, the National Bank and the Consolidated Bank and said: “We will control the rates in the banks we own and every amount will go to those banks.” Nothing stops this State from saying that the Kshs2 trillion of our Budget will be pumped into KCB. The KCB ... view
• 13 Apr 2016 in National Assembly: I am in possession of documents of a friend who borrowed Kshs52 million the other year, to put up a set of apartments in Kileleshwa. He did the apartments and he has paid over Kshs100 million. He still owes Kshs300 million. This House has passed the in duplum rule. It stipulates that you cannot pay more than 100 per cent of the principal. So, if you borrow Kshs52 million, you can only pay Kshs104 million maximum. But you pay over that and you still owe a bank Kshs300 million and they are threatening to auction you! It is against the ... view
• 13 Apr 2016 in National Assembly: Let me also join my colleague, Hon. Ababu, in saying that the current Governor of the CBK is doing a good job. People making noise at him is because he is now opening the briefcases they have been holding. We want to encourage him. The current Governor of CBK is a good Kenyan. view
• 13 Apr 2016 in National Assembly: The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 13 Apr 2016 in National Assembly: I can tell you that he is the least greedy human being that I know living in this country. Did you know that he has refused his salary and he is only taking Kshs18,000 and lives in a convent? He is doing a good job for us by closing the rogue banks. This House must stand by him. This House must do the right thing. We do not want to control interest rates, but we must regulate them. view
• 13 Apr 2016 in National Assembly: As I finish, the Kenya Bankers Association, the rogue association that runs the banking industry, its days are numbered. I want to tell them that they engage us between now and next Wednesday or they will be going home with the closed banks. The Kenya Bankers Association seems to want the authority to aid in the destruction of our economy. What happens when you say that somebody who is a bank owner lends himself Kshs7.9 million and you claim to have the power to self- regulate? So, the Kenya Bankers Association and the Inspectorate Department of the CBK are colluding. ... view
• 13 Apr 2016 in National Assembly: Thank you, Hon. Speaker, for giving me a chance to put my two sense to the Speech of the President. I have been listening very keenly to the Leader of the Majority Party who sounded like he was giving a very different speech from the one given by the President. The The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view