24 Apr 2014 in National Assembly:
I think that the Government could use this opportunity as it begins to open this window to allow us to be players in the international sovereign bond market. It should also look at its own external debt management strategy, which relates to the commercial transactions, Government to Government arrangements and Government and international markets. This is so that we can harmonise this, synthesise it and be sure that we know what is happening both as the Government or its entities borrow, and indirectly when we have contingent liabilities incurred by institutions based in Kenya, and by which the reputation of ...
view
24 Apr 2014 in National Assembly:
Turning now to the issue of this sovereign bond that is going to be floated and for which we need this laws to be in place for it to take place, I cannot buy the story that we are going to go to the international market, borrow Kshs130 billion and you want to come back and retire Kshs52 billion out of it. I do not think that that is really a credible argument. However, I think that we need to close the financing gap by this international borrowing of Kshs130 billion. Let it be used one way or another and ...
view
24 Apr 2014 in National Assembly:
Hon. Temporary Deputy Speaker, the fact that we are now joining leagues would indicate that we are seeking to mature our systems, so that we can also be at par with, or within the band that, other players which are acting and that is a very positive thing for Kenya.
view
24 Apr 2014 in National Assembly:
Lastly, in respect of this particular bond, and that is not the topic of discussion right now but is related, we hope we will disengage the issue of meeting obligations that 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.
view
24 Apr 2014 in National Assembly:
we should have met before if people had done their homework and come out truthfully with the timing of our sovereign bond. Unfortunately, it is coming at a time when it does not appear that this House is white washing, if I may use such an expression, some dirty deals that had gone on earlier in order to be able to clean them out, hopefully, and then go forward with the issuance of the bond. There are very many major issues here. They are not related. Unfortunately, they are related because of the timing of the issuance of the sovereign ...
view
24 Apr 2014 in National Assembly:
Hon. Temporary Deputy Speaker, I think as my Chairman said, in respect of the specific amendments at the Committee Stage, there will be many elements that we will bring in just to deal with structural aspects of the proposal.
view
24 Apr 2014 in National Assembly:
With those few remarks, I support the amendments to this Bill.
view
24 Mar 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.
view
24 Mar 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?
view
24 Mar 2014 in National Assembly:
But it is not about Southern Sudan or Sudan!
view