John Mbadi Ng'ong'o

All parliamentary appearances

Entries 1 to 10 of 7298.

• 14 Sep 2023 in National Assembly: Hon. Speaker, I agree with you. What the Senate is trying to do would be re-writing our Constitution. There is nothing wrong if the Senate wants a little bit more power, but that should be done in a procedural manner by amending the Constitution to allow it more leverage. I think we gave them too little power in terms of financial management. As it is now, I am in concurrence with the Committee that we reject this proposal. Thank you, Hon. Speaker. view
• 14 Sep 2023 in National Assembly: Thank you, Hon. Deputy Speaker. I also stand to support the Report from the Committee. I have worked in the banking industry before and I interacted with him. He actually offered assistance in policy reforms and support to many commercial banks. I also support view
• 14 Sep 2023 in National Assembly: Andrew Musangi. I have my wish list to him as he assumes office to chair the Board of the Central Bank of Kenya, especially with his background as a lawyer. One of the Board’s key functions is policy management. I want to give him a wish list because I know he is a competent man. One of the things that we are grappling with is that our currency is not stable. That is one of the areas he needs to take very serious consideration. view
• 14 Sep 2023 in National Assembly: Number two is in the area of Treasury bills and bonds. We are one of the few countries whose citizens invest in this space, but it is not digitalised. Sometimes, it takes too long. It takes up to 30 days for one to initiate and start the process of investing in Treasury bonds in this country. I urge wakili, as he takes office, to ensure this process is digitalised. view
• 14 Sep 2023 in National Assembly: In the cryptocurrency space, we do not recognise cryptocurrency as a legal tender in our country right now. This is another area we are lagging behind. I encourage the incoming chair to ensure that we fast-track and enable our Central Bank to start recognising cryptocurrencies as a legal tender so that we can then have more Kenyans operating in this space. It is so that Kenyans are guaranteed of the backing of their Central Bank when they are The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from ... view
• 14 Sep 2023 in National Assembly: operating in this space. As it stands, we have Kenyans who are operating in cryptocurrencies. An example is the Bitcoin. The problem is that were there to be any risks associated with cryptocurrency, they would not have any legal backing because it is not recognised as a legal tender. Therefore, I encourage the Chair that one of the quick policy reforms he should undertake is to ensure that we recognize cryptocurrencies as a legal tender in our country. view
• 14 Sep 2023 in National Assembly: Finally, we now find ourselves operating in the digital space and yet, we do not have sufficient laws that enable us to place ourselves properly in the dynamic nature of digital reforms. I encourage the Chair together with the CEOs of the Capital Markets Authority (CMA) and the Communications Authority of Kenya (CAK) to fast-track a digital sandbox. It will enable us to safeguard our people against any risks and adverse effects that come with the nature of not being properly prepared in the digital space, let alone not having proper reforms. We, as a country, need that. view
• 14 Sep 2023 in National Assembly: With those few remarks, I support and wish the incoming Chair all the best. I thank you. view
• 27 Jun 2023 in National Assembly: We are legislating, and not just approving things. I want to support this amendment because the idea of advice can be misinterpreted sometimes. The moment you put it that the Debt Management Office advises, then there is likelihood that they may insist that the advice must be taken by Parliament. We have seen this happen within the Commission on Revenue Allocation (CRA), which now believes that the advice they give to Parliament on revenue distribution must be respected. So, to avoid that conflict with Parliament, we need to delete paragraph (a). With those remarks, I support the deletion. view
• 27 Jun 2023 in National Assembly: We are legislating, and not just approving things. I want to support this amendment because the idea of advice can be misinterpreted sometimes. The moment you put it that the Debt Management Office advises, then there is likelihood that they may insist that the advice must be taken by Parliament. We have seen this happen within the Commission on Revenue Allocation (CRA), which now believes that the advice they give to Parliament on revenue distribution must be respected. So, to avoid that conflict with Parliament, we need to delete paragraph (a). With those remarks, I support the deletion. view