John Michuki

All parliamentary appearances

Entries 271 to 280 of 529.

• 11 Nov 2008 in National Assembly: Mr. Temporary Deputy Speaker, Sir, to further consolidate the growth of our construction industry, and to accelerate the ongoing infrastructure development, I proposed to reduce Import Duty on cement from 40 per cent to 25 per cent, to make that product affordable to the users. Our telecommunication and information technology sub-sector has expanded significantly over the last five years, creating enormous economic and employment opportunities to Kenyans. In particular, and in order to further encourage investment in modern telecommunications so as to reduce costs and improve efficiency in the telecommunication network, I propose to remove Import Duty on telecommunication equipment ... view
• 11 Nov 2008 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I also intend to propose one or two amendments at the Committee Stage on some tax proposals which this House and the general public have strongly and expressly abused since this Budget was read in June, 2008. That is to say that the proposal to amend the relevant law in order to impose taxes on the allowances payable to Members of Parliament and the holders of Constitutional offices will be removed from the Bill by the amendment. We shall have resumed the pre-June announcement of the Budget position within the law. Mr. Temporary Deputy Speaker, ... view
• 11 Nov 2008 in National Assembly: I am calm (inaudible)--- view
• 11 Nov 2008 in National Assembly: It is awkward! view
• 4 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, thank you for granting me this opportunity to respond to a request by Mr. Mbadi, the hon. Member for Gwassi Constituency, who sought a Ministerial Statement on 21st October, 2008 from the Minister for Finance on the effects of involvement of mobile phone operators in cash deposit and transfer. In particular, he wanted to know whether the Central Bank of Kenya (CBK) is able to do the following:- (i) monitor the money in circulation as it does with individuals and commercial banks; (ii) maintain reserve targets, given that there is a lot of money, he alleged, ... view
• 4 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, I am not very far from finishing. It is well that this matter is fully understood. view
• 4 Nov 2008 in National Assembly: Those deposits are reported by receiving bank alongside other deposits to the Central Bank of Kenya, using an already laid down statistical system of reporting the operations of the banking industry. Moreover, as earlier noted, the Central Bank of Kenya has worked with the industry's stakeholders and established a system of regular reporting by the mobile transfer business operators. Perhaps, the only impact of this technological achievement is that the relationship between money and economic activity is increasingly becoming blurred. Can I repeat that, Mr. Deputy Speaker, Sir. view
• 4 Nov 2008 in National Assembly: The only impact November 4, 2008 PARLIAMENTARY DEBATES 3237 of this technological advancement is that the relationship between money and economic activity is increasingly becoming blurred. Of course, it is a function of money to do that. We are checking it with the Central Bank of Kenya to consider defining each monetary policy operating procedures. Hon. Members, I am informed that this is an on-going exercise. With respect to the issue of subjecting our financial systems to prudent regulations for robust and secure monetary movement of funds across the economy, I wish to state categorically that the bank has the ... view
• 4 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, quite a few issues have been raised over this matter. The first one indicates that there is still doubt as to how much money is generated by that operation. Mr. Deputy Speaker, Sir, I mentioned a few things in my statement. One, is the limitation of how much each account can hold at any given time, and how much money can be transferred from that account. I mentioned a figure of Kshs50,000 and Kshs35,000. Secondly, Mr. Deputy Speaker, Sir, I also talked about the measures we have taken to safeguard any likely suffering that the users ... view
• 6 Aug 2008 in National Assembly: Mr. Deputy Speaker, Sir, I wish to respond to a number of issues raised in the House last week by my friend, hon. Okemo, regarding the constitution of the Privatization Commission and its involvement in the Safaricom Initial Public Offer (IPO) and other privatization transactions. Mr. Deputy Speaker, Sir, with regard to a statement made by hon. Okemo, that the Minister for Finance constituted the Privatization Commission without reference to the relevant Committee of Parliament as provided for in the Privatization Act, I wish to respond as follows and request that hon. Okemo becomes attentive. 1. Through a letter No.CONF351/03 ... view