3 Jul 2019 in National Assembly:
Thank you, Hon. Speaker, for giving me an opportunity to may add my voice to the others who have spoken on the Petition.
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3 Jul 2019 in National Assembly:
We realise that on many occasions people do not know that they have a mental problem. If it is captured early and followed up, it will be possible for us to quantify the extent to which one suffers. Therefore, we will counter it by taking care of it early enough.
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3 Jul 2019 in National Assembly:
I support. Thank you very much.
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26 Jun 2019 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker, for giving me the opportunity to contribute to the Contract Law (Amendment) Bill before the House this morning.
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26 Jun 2019 in National Assembly:
Hon. Temporary Deputy Speaker, the need to protect guarantors is paramount. We are a country that cannot employ as many people as we train. In that case, it applies that there will be many more, especially the younger people, requiring money to start businesses. So, we need to promote more support in terms of guarantee so that the youth can get into business. If this is abused as has occurred many times – that is according to many speakers and the experiences that we have had - I think we will not be in position to support our youth to ...
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26 Jun 2019 in National Assembly:
I would also allude to the fact that when one gets into a contract especially to supply goods and services and it takes long to be paid, it pains that particular person in terms of realising the payments as per the agreement. I urge that whenever the contract is issued… When we have people having supplied goods and services in tune with what the President did in the second Supplementary Budget Estimates… I would like to laud his efforts in trying to clear the pending bills. Many people have been waiting for a long time, and some have suffered because ...
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26 Jun 2019 in National Assembly:
Hon. Temporary Deputy Speaker, in this land, we have a lot more of social guaranteeing before we get into economic guaranteeing. You guarantee somebody because probably you know them, you are in a process together, and working together or you belong to an association. In this House, we guarantee each other without even caring to know whether somebody has shares or not. Those who guarantee in most cases need to be protected because they may not even know or be keen to ascertain that the other can repay. So, there is need for us to protect the guarantors so that ...
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26 Jun 2019 in National Assembly:
May I highlight the fact that we need to protect property owners. Many people have lost their properties because of guaranteeing out of good faith. So, the law comes to put that safe guard so as to enable us guarantee each other in business. Looking at the SACCOs in most cases, they normally rely on guarantees. You have to be guaranteed by two or three people before you get a loan. We have cases of people who are paying loans for others over a long time because the banks and lenders turn to guarantors to pay. In this particular case, ...
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26 Jun 2019 in National Assembly:
There is the issue of interest rates that come up so often in our conversations in this House. I would like to add my voice to the fact that although we have interest rates capping, we have never seen banks going at a loss. That means banks were making supernormal profits out of very poor Kenyans. The idea of having interest capping is important so that we may not go the direction of impoverishing Kenyans as we enrich a few banks.
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26 Jun 2019 in National Assembly:
Hon. Temporary Deputy Speaker, it is important for us to open the economy through guaranteeing. It is only through protection of guarantors that we can open up this economy. Kenya is not creating many businesses and employment as it ought to. We need to put in a lot of money in terms of investment in businesses. We can only do this especially for those who do not have property and those who are unable to access the amount of guarantees required.
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