John Sakwa Bunyasi

All parliamentary appearances

Entries 391 to 400 of 1058.

• 29 Nov 2018 in National Assembly: It is good for us in terms of relative standing in the world and in Africa, we have been up there. I know, as has been stated, in the 1970s what put us in the regional map and later global map was the Harambee SACCO. view
• 29 Nov 2018 in National Assembly: You know what, lack of trust and poor governance can do that. There is a time it went through a very rough time but it seems to have stabilised. If there are any other Harambee SACCOs out there, they may have been hobbling growth because of poor reporting and poor oversight. 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. view
• 29 Nov 2018 in National Assembly: This will help to ease. Not to cure necessarily, but make it clear where mistakes have occurred, where fraud has occurred, and to facilitate follow up. The solution to it is not so much about being computerised but it is possible to monitor and act where you find anomalies in the way things are being done. view
• 29 Nov 2018 in National Assembly: It is, indeed, true that SACCOs can provide strong competition particularly in the small end customers - those without big monies to transact. Or more collectively, SACCOs can become extremely important as a way in which you mop up savings from small savers. view
• 29 Nov 2018 in National Assembly: They can then now invest in safer instruments and safer institutions. So, they do their aggregation function. They are extremely important. It is just like in commodity marketing. The aggregators are extremely important in getting viable commodity market, commodity exchange or even the kinds of things that we did last week in the Warehouse and Receipt Systems Bill. Aggregators are going to be extremely important. Similarly, in financial terms, these SACCOs are going to be aggregators. There are people who are going to be saving no more than Kshs50 a month. But the millions of those savings can enter the ... view
• 29 Nov 2018 in National Assembly: They will be able to raise money faster than members can do because there is confidence in what is said as their status. What is said as their status would come out of their report. They will be dependable and interested quarters can look up information about them, just like you can check the status of a bank through public domains where that information has been published. view
• 29 Nov 2018 in National Assembly: In fact, I hope that these SACCOs will be more transparent than the huge cooperative institutions we have. Therefore, development of secondary markets will take these resources to higher level because of transparent reporting and computerised reporting. view
• 29 Nov 2018 in National Assembly: We have examples in Denmark or Holland where institutions have been born out of cooperatives and the SACCO type that are the major financial players in their respective countries and globally. It is possible for millions of Kenyans who may not get the advantage to go to big banks to benefit. You know some big banks closed down their branches around rural Kenya some years back. I would like to say without fear of contradiction that it is only Equity Bank that came on board. They then realised you can actually raise huge amounts of money and become successful and ... view
• 29 Nov 2018 in National Assembly: I am greatly saddened as we speak. I would say there are three amendments to the same Act which are clearly representing different interest groups in this movement. That must be dealt with. I know they are all listening and we have all pleaded that these should now be consolidated so that the Act is streamlined. That should be a cause of concern. That tells us that there are people who have huge interest in this movement. They are not even consulting each other. As it turned out, some of the amendments might have come from the National Treasury and ... view
• 29 Nov 2018 in National Assembly: aware of it. The esteemed movements like KUSSCO had an advert running disowning some of the amendments that have been moved. I hope that we are not legislating in vain by dealing with things piecemeal. I know that collectively we would not have dealt with the totality of what is needed to move forward. It is a good thing to do and I support it wholly. view