4 Dec 2014 in National Assembly:
Thank you, hon. Speaker. Given the amount of time remaining and all that is coming out of my allocation, I rise to support this Motion. I thought very hard about it right from the time it came before our Committee and it is a good proposal. The Government needs the headroom to be able to plan optimally the combination of debt and equity and the combination of domestic versus external debt that they need to have to generate the fastest growth in our economy. It is clear that once the index ceiling has been raised and the Government is in ...
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4 Dec 2014 in National Assembly:
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3 Dec 2014 in National Assembly:
Thank you, hon. Temporary Deputy Speaker. I rise to support the Bill as proposed. I want to thank hon. Kabando wa Kabando for bringing this before the House. It is a bold step forward; it is a responsive step to the needs of our communities. Unless we are able to drive our aggregate savings growth in this economy in the 25 to 30 per cent range, we cannot achieve the growth ideals that we have assumed we can get in Vision 2030. Certainly, one way in which this is going to drive savings up is that you give the ordinary ...
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3 Dec 2014 in National Assembly:
Hon. Temporary Deputy Speaker, two, it may even support the savings culture generally among our households. For the first time, we will begin to provide viable alternatives to putting your money in a savings account or current account for which you have unpredictable low earnings that happens most times. This will provide the benchmark even for small savers to say; “If my money were in the Government instrument, I could make 10 per cent for sure.” You can predict what the costs will be; net of that. But with your money in a bank, the high paying banks are normally ...
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3 Dec 2014 in National Assembly:
upon and it is safe for the period that it is going to be away.” I know when I will get it, and with how much on top I will get. I think this also will force the Central Bank of Kenya (CBK)--- Central banks are not known to be populist anywhere in the world. Central banks are most comfortable behind thick oak doors and perhaps more key boardrooms. This is going to force them into the modern world of technology-driven instruments that can reach down to the smallest of the households. The risk that the institution will collapse is ...
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29 Oct 2014 in National Assembly:
Thank you, hon. Speaker. I rise to support this Motion. First and foremost, I want to thank the Select Committee on Regional Integration for the good work done. Looking at the Report, they have covered many dimensions in this matter. They have analyzed large volumes of information and the conclusions are overly sound. I would like to pass my word of gratitude to them. I also rise to support the Motion on this Report as a resident of border county. I come from Busia as many people may know. For us, one of the major possibilities of growth will arise ...
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29 Oct 2014 in National Assembly:
Thirdly, the emergence of a common market is going to consolidate Kenya’s position. As we would like to say, we are ahead and that is a good thing. Those who have looked at the European Union know that German has to shoulder specific responsibilities as the larger economy that was ahead at the inception of the union. Be that as it may, good things come with responsibility. Kenya is already the largest economy; it has many facilities that the other countries are also working hard to acquire, but we are still ahead. That will offer us an opportunity; it will ...
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29 Oct 2014 in National Assembly:
achieve take-off in the growth that we are talking about. So, achieving fiscal deficits has significant pain; this is the sort of sensitization that starting with ourselves and down to Wanjiku on the road we need to understand; if ordinary people buy it, they will agree to manage the pain that comes with it. A successful monetary union is going to require, for example, the pricing of factors of production. The most critical one, as we have learnt and that we know generally, is labour. Movement of labour is extremely important. You know how much Kenya has suffered in terms ...
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21 Oct 2014 in National Assembly:
Thank you, hon. Speaker. It gives great pleasure to get an opportunity to add my voice to the good words that have been said about the great Professor Ali Mazrui. I got to know him when I was a first year student at the University of Nairobi back in 1968. As you might recall, for those few who might recall, that was about the peak of the political debate and romanticism that had characterized the newly independent states. His voice was particularly loud because while he was in Uganda, he was in a place to engage all the way to ...
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21 Oct 2014 in National Assembly:
He was a great historian, but a controversial one as some few might recall, particularly with the BBC sponsored series on issues of heritage and what African heritage should be. That was controversial. That is a debate that we will carry on long after he is gone. Hon. Speaker, while I was also at the Diaspora for at least 30 years, we looked up to him as an excellent scholar that carried the African and the Kenyan flags high. Life has been pulled out of that body and soul that was a great light to the entire continent. I rest ...
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