John Mbadi Ng'ong'o

All parliamentary appearances

Entries 4811 to 4820 of 7480.

• 17 Sep 2013 in National Assembly: Hon. Speaker, not really. I do not think so; that is not my intention. However, listening to the Leader of the Majority Party he makes a lot of sense. I wanted us to engage our mind on some point here. If the uniqueness of 2013 was because it was an election year then we will not obey this particular provision in law; therefore, the Leader of the Majority Party needs to bring it for amendment. This is because all the years that this Post-Election Economic and Fiscal Policy Statement will be required will be after an election. Therefore, if the ... view
• 17 Sep 2013 in National Assembly: On a point of order, hon. Speaker, Sir. view
• 17 Sep 2013 in National Assembly: Thank you, hon. Temporary Deputy Speaker. For a while I think we have realised as a country that the law that is in place governing and guiding the microfinance institutions has not been sufficient or adequate to address all the challenges affecting and facing the microfinance institutions. Even though this law has attempted to correct some or the issues that have been encountered previously, still a lot needs to be done to make sure that we have proper regulations to guide and steer the microfinance institutions. A lot of us have lost money because of mismanagement of microfinance institutions whereas ... view
• 17 Sep 2013 in National Assembly: banks are not in existence in most of these places. The microfinance institutions, because they are not properly regulated, again end up fleecing members. Hon. Temporary Deputy Speaker, you will realise that even though this Bill has made an attempt to regulate the microfinance institutions, there are issues like what Kenyans went through the pyramid schemes. That should have come out clearly so that the law prohibits such kind of initiatives which reflect or mirror the microfinance institutions. I am happy that this Bill is addressing the issues of sharing credit information by deposit taking institutions. It is important that ... view
• 17 Sep 2013 in National Assembly: Madam Temporary Deputy Speaker, the role of the Central Bank in oversighting and policing the microfinance institutions has not been properly defined in the 2006 Act, but with this Act, I am happy that an attempt has been made to ensure that the Central Bank of Kenya is brought in to regulate, police and ensure that the microfinance institutions are conducting business in a proper way. view
• 17 Sep 2013 in National Assembly: Finally, the issue of capitalization is very key and important. I am one of the people who believe that as a country and as a Parliament, we did not do justice to those institutions which want to start deposit taking. You will remember that at one point before Equity Bank and Family Bank became banks, the capital base was very low. It was reduced to accommodate these banks. The moment they became banks, this House, through the initiative of the Cabinet Minister then, increased the capital very highly that it is now discouraging other people who are coming in also ... view
• 17 Sep 2013 in National Assembly: As a matter of fact, some of these banks come to our areas, take deposits and do not even give loans to our people. They pretend that they would award loans, but the moment you apply, they put conditions that you cannot meet. First of all, they require title deeds. In our regions, title deeds are not even there. view
• 17 Sep 2013 in National Assembly: With those many remarks, I support the Bill, but I would ask the Committee to do a thorough analysis of this Bill to bring adequate amendments to make it be acceptable to all of us. view
• 17 Sep 2013 in National Assembly: Thank you, Madam Temporary Deputy Speaker. First of all, it is wrong to think that the VAT has not caused the sharp rise in the cost of living. The cost of living has been increasing but the sharp rise is because of the VAT. I want to remind my friend, hon. Nyokabi, that this is what we call market reaction. Our market is distorted. The moment you send a wrong signal, it triggers the entire economy and we are where we are. I remember telling the Leader of the Majority Party plus his Government that the Government has sugar coated ... view
• 6 Aug 2013 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I rise to support this Bill. First of all, if you read Article 96(3), it says: “The Senate determines the allocation of national revenue among counties, as provided in Article 217, and exercises oversight over national revenue allocated to the county governments.” So, in my view, if there is any Bill in terms of sharing of revenue where the Senate has super powers then it is through the County Allocation of Revenue Bill and many of us have spoken to this. The drafters of the Constitution deliberately made provision for Article 96(3) and also ... view