19 Nov 2019 in National Assembly:
Not on this.
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19 Nov 2019 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I just want to add my voice that, indeed, the amendment is good, but we should not think paying of pending bills will fix everything. We are saying a small percentage of bills have not been paid. I think pending bills is a big issue in this economy especially at the national level. It has also affected businesses at the local level because they are quite small. I think we should frown against the idea of people slowing down and also sometimes corruption delaying payment. If The electronic version of the Official Hansard Report ...
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19 Nov 2019 in National Assembly:
you do not part with some money, your money is not released. Money buys money and this is the problem. So, we should frown against all these things.
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19 Nov 2019 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I rise to add my voice to this discussion. First, I wonder why this is really under the Competition The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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19 Nov 2019 in National Assembly:
Authority. It sounds in many respects as a natural part of the company law. It sounds as if it should be under a regulatory arrangement for wholesaling and retailing. It covers many things. I am still not clear despite the Mover moving it and the eloquent secondment from Hon. Waihenya. Why is it under the Competition Authority?
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19 Nov 2019 in National Assembly:
First of all, in respect of where the Competition Authority is located… There are many important things that are going on in this country. Banks are merging, but we do not see even a single attempt to debate why the Commercial Bank of Africa (CBA) should merge with the NIC and what the implications will be. You see the Standard Gauge Railway (SGR) rudely edging out the truckers and killing competition. I do not see the Competition Authority playing its core role and so when we come with this Bill, I worry that we are in a sense derailing its ...
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19 Nov 2019 in National Assembly:
The relationship between the weak and the powerful; small suppliers versus big buyers with buyer authority must be tackled. Some of those might be tackled under the contract law so that laws are made that balance off this power. Remember that when you decide to sell to somebody with a possibility of recall or return with a specific period, you take a risk. In business, you must take risks. There are institutional ways of solving the weakling component of this contract. In the classic case that has been mentioned of Nakumatt, the outcome is very sad. But the solution even ...
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19 Nov 2019 in National Assembly:
Suppliers could have power, but they cannot have the power individually. They can have power if they are organised into an institution such as a co-operative and deal with those big corporates. I hope they now realise that Nakumatt was a domestic company and, unfortunately, it was a family company that was very badly run as a matter of fact. People knew there were a lot of problems within it and that is why they brought down an otherwise very successful company in terms of its operations. In the region, they were expanding aggressively. But they were not managing it ...
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19 Nov 2019 in National Assembly:
There were issues there and so, probably, one way of curing things like this is that you pick up elements of it. One of the elements that I have picked up is that companies exceeding a certain size must be forced to list or have an element of transparency that the law can penetrate and shine light through them
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19 Nov 2019 in National Assembly:
Secondly, it will get worse because as we liberalise the economy and internationalise it, we are getting the Carrefours and other foreign companies coming in. As they do, they bring improvements as they come. However, if they were to retreat, you can wake up one morning and find the companies no longer exist and yet you have been supplying them. That can be a real problem. I do not think this law can cure that because once they are out of our borders; there is nothing one can do. I think when negotiating terms that border on the interests of ...
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