John Sakwa Bunyasi

All parliamentary appearances

Entries 381 to 390 of 1058.

• 5 Dec 2018 in National Assembly: I see a very beautiful law that has been set up to give a new structure to the NYS. The biggest gift to Kenyans would not have been a new law. I do not think it is timely, in my regard, and it is almost irrelevant. I think what would have been a good gift to the people of Kenya are convictions of the NYS 1 scandal and the progress report of the NYS 2 scandal, so that we can know that the looters are being taken care of going forward. However, the looters are still at large. We do ... view
• 5 Dec 2018 in National Assembly: I support the Bill as it is. It is of no consequence in terms of the ability to professionalise the NYS going forward. That is a matter of faith. If we are unable, in the process of doing that, to take firm action against the perpetrators of crime as has happened, that is going to be a measure of confidence. Going forward, that should not be repeated. Hon. Temporary Deputy Speaker, in the interest of saving time for others who also want to speak, I want to thank the Committee for the hard work in getting a new framework. Hopefully, ... view
• 29 Nov 2018 in National Assembly: Thank you, Hon. Speaker. I support the Bill. A well-functioning capital market is extremely important for directing the investment process. It is also important for deepening the participation of the general public in the process of development through a quasi-financial intermediation in deepening the financial reach to the people. A well functioning market will help us increase the monetisation of our economy such that instead of keeping our resources, for example, in cattle and other assets, we can put it in money terms. The advantage being that, in money terms, you increase the multiplier effect in the economy without assuming ... view
• 29 Nov 2018 in National Assembly: The adherence to the rule of law and the respect for contracts that then build trust in the system is extremely important for the functioning of capital markets. Institutions that participate in and are part of the active processes of capital markets need to report accurately on their financial status. Particularly, that management and leadership there has to be above reproach. If we operate in a highly ethnicised and nepotistic system, those kinds of systems do not work well. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained ... view
• 29 Nov 2018 in National Assembly: We need professionalised leader management. That way, people will have trust that the leaderships and management will be acting in the best interest possible. view
• 29 Nov 2018 in National Assembly: We have talked a lot about related issues of equity and borrowing. That is how issues of bank borrowing become important. With the vibrant capital market, reliance on debt as a means of financing is sort of reduced. In fact, it can so reduce that those with surplus resources are the ones that provide us with the capital with which we develop. Banking is also important, but it will not be at the centre stage. It will also reduce reliance on family sources of financing where people do not have viable sources of family financing. view
• 29 Nov 2018 in National Assembly: Hon. Speaker, I support these proposed amendments and I do hope that they become law once this House passes them. With those few remarks, I support. view
• 29 Nov 2018 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I rise to speak on this Bill and to support it in essence. Anything that improves functioning and makes the oversight of critical institutions, like SACCOs as my colleagues have said, is welcome. view
• 29 Nov 2018 in National Assembly: The advantage of having an ICT-based system as opposed to manual or semi-manual systems is like shining a bright spotlight in a fairly murky area to see what is going on. The SACCOs are institutions of trust like banks meaning that you put in your resources with the expectation that the leadership in there will not only look after your resources but also grow them for you. There are people who beyond what they might earn on their pensions, if any, their principal savings and basket for retirement is in the SACCOs. It is important that SACCOs function well. In ... view
• 29 Nov 2018 in National Assembly: As has been stated in many places, as I speak, I spent 30 years in an institution and banked only with our SACCO—the credit union. I still do. I find it extremely efficient. It is very responsible to member needs better than most banks. I think they are the banks of the future for us. view