24 Apr 2014 in National Assembly:
The last three speakers, including the speaker on the Floor, have talked about Southern Sudan and one has talked about Sudan. None of them is the country under discussion. We, as the National Assembly, must know which country we are talking about. It is neither Southern Sudan nor Sudan. It is South Sudan.
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24 Apr 2014 in National Assembly:
Is it in order, therefore, that we should be discussing a country that is not in question for the purposes of the deployment of the troops?
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24 Apr 2014 in National Assembly:
But it is not about Southern Sudan or Sudan!
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24 Apr 2014 in National Assembly:
Thank you, hon. Temporary Deputy Speaker for giving me this opportunity. I am generally in favour of the Kenyan Government entering the international money market, and I think this is a positive step. It has advantages compared to the domestic market, as it was mentioned. One of the advantages is that it requires a country to have a certain behaviour in the way it manages its commercial risks domestically and externally. It will mean that it will be reported how we handle our commercial partners both here and outside as we establish our credibility.
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24 Apr 2014 in National Assembly:
That is a side benefit that will enhance the way we deal with partners. For example, you know the challenge we are now facing with Anglo Leasing. Much as the The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor.
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24 Apr 2014 in National Assembly:
mood is that we should not be honouring debts that are borne out of corrupt deals, if we are going to the international market, we will not be able to proceed without clearing one or other obligation in a way that is satisfactory.
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24 Apr 2014 in National Assembly:
Hon. Temporary Deputy Speaker, I think there are two separate things I would like to tackle. One, we talk about changing the law to enable us to play in this international game. That is quite different from the merits or demerits of the international sovereign bond we are trying to float. Let us not mix up the two. I know there is pressure because we need the law to be in place to be able to go to the market and raise the money that we need.
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24 Apr 2014 in National Assembly:
Two, I think we should clarify that interest rates are not just high because of Government borrowing. It makes it worse but it is not the only cause. There are very many other causes. A lot of them are domestic also. So, we need to address them.
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24 Apr 2014 in National Assembly:
As our Chairman said, when the time comes and we begin dealing with interest rates through some committees of this House we shall go to the bottom of it. There are very many other issues to which the domestic Government borrowing is a contributor, but we do not even know whether it is a major contributor to the interest rates. Clearly, if the Government was borrowing less it would reduce pressure; but even if it borrowed zero it does not mean that interest rates would fall to levels that are comparable to those of New York and other places. Secondly, ...
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