17 May 2017 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I was just about to say the fairest thing of all that I have said. We must pull together in our parties and say no to this kind of greed. We must say no to people becoming heroes and heroines after stealing money. This is a culture. I use that word knowingly and it is a strong word. It is becoming a culture perpetrated by a few, but that must be changed. I support the Report and look forward to its full implementation when it gets to the Committee on Implementation and other Government ...
view
17 May 2017 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I was just about to say the fairest thing of all that I have said. We must pull together in our parties and say no to this kind of greed. We must say no to people becoming heroes and heroines after stealing money. This is a culture. I use that word knowingly and it is a strong word. It is becoming a culture perpetrated by a few, but that must be changed. I support the Report and look forward to its full implementation when it gets to the Committee on Implementation and other Government ...
view
11 May 2017 in National Assembly:
Thank you, Hon. Speaker. I rise to contribute to this very important Bill. In principle, the establishment of the Nairobi International Financial Centre is an essential development. Kenya is seeking to be a middle income country, and indeed has a leadership role in the region. In fact, this is long overdue. There were days in the 1970s when this kind of thing was discussed – that Nairobi would be a major financial hub but I think the management of our economy has had ups and downs, and in the process that idea was forgotten. There is no doubt at all ...
view
11 May 2017 in National Assembly:
Thank you, Hon. Speaker. I rise to contribute to this very important Bill. In principle, the establishment of the Nairobi International Financial Centre is an essential development. Kenya is seeking to be a middle income country, and indeed has a leadership role in the region. In fact, this is long overdue. There were days in the 1970s when this kind of thing was discussed – that Nairobi would be a major financial hub but I think the management of our economy has had ups and downs, and in the process that idea was forgotten. There is no doubt at all ...
view
11 May 2017 in National Assembly:
international exposure. We should have an experienced Kenyan leading such a centre. A bachelor’s degree is minimal and will not provide the kind of analytic rigour and exposure that is required for this position. We must have a person with a master’s degree or PhD occupying that position. I am most concerned with the idea of having a steering committee headed by the President and his deputy. I do not know why you would like the Head of State and his deputy to head a central institution. These are very busy people dealing with the affairs of the State as ...
view
11 May 2017 in National Assembly:
international exposure. We should have an experienced Kenyan leading such a centre. A bachelor’s degree is minimal and will not provide the kind of analytic rigour and exposure that is required for this position. We must have a person with a master’s degree or PhD occupying that position. I am most concerned with the idea of having a steering committee headed by the President and his deputy. I do not know why you would like the Head of State and his deputy to head a central institution. These are very busy people dealing with the affairs of the State as ...
view
11 May 2017 in National Assembly:
Do not put the President in such situations. Let him stay out of it and do other things. He could only provide strategic interventions as required. The financial sector as a whole is entirely built on trust. Of course, there is always enabling legislation, but the trust element is important. Therefore, the reference made in passing with regard to qualifications required of the office holders is inadequate. In my view, anybody serving in any capacity in any of these institutions must meet the tenets of Chapter Six of the Constitution. If we do not do that then we will be ...
view
11 May 2017 in National Assembly:
Do not put the President in such situations. Let him stay out of it and do other things. He could only provide strategic interventions as required. The financial sector as a whole is entirely built on trust. Of course, there is always enabling legislation, but the trust element is important. Therefore, the reference made in passing with regard to qualifications required of the office holders is inadequate. In my view, anybody serving in any capacity in any of these institutions must meet the tenets of Chapter Six of the Constitution. If we do not do that then we will be ...
view
11 May 2017 in National Assembly:
As I conclude, I hope that the proposed law will get an overhaul because it is not ready as it is. Certainly, the Steering Committee should change and we should have within it, eminent Kenyans who have had outstanding practice and experience in the financial sector of this country. We should leave out the Head of State and his deputy in this kind of arrangement. Do not bring them down to serve in areas that will kill the institutions because people will fear to speak out clearly and firmly on critical issues. I do not believe that it is necessary ...
view
11 May 2017 in National Assembly:
As I conclude, I hope that the proposed law will get an overhaul because it is not ready as it is. Certainly, the Steering Committee should change and we should have within it, eminent Kenyans who have had outstanding practice and experience in the financial sector of this country. We should leave out the Head of State and his deputy in this kind of arrangement. Do not bring them down to serve in areas that will kill the institutions because people will fear to speak out clearly and firmly on critical issues. I do not believe that it is necessary ...
view