Johnson Arthur Sakaja

All parliamentary appearances

Entries 1971 to 1980 of 5036.

• 9 Jun 2020 in Senate: Madam Temporary Chairperson, before I move, it allow me to explain to a bit to the Senators how we arrived this clause. This clause is the one that looks at loans and mortgages. We came up with it after extensive consultation with the Kenya Bankers Association (KBA), Central Bank of Kenya (CBK) and many other players. This is the best way to put it. I beg to move - THAT Bill be amended by deleting Clause 26 and substituting it with a new clause- Loans and mortgages . 26 . (1) Where a pandemic has a negative impact on the ... view
• 9 Jun 2020 in Senate: (b) with the approval of Parliament, implement measures to cushion lenders and borrowers. view
• 9 Jun 2020 in Senate: Madam Temporary Chairperson, the concerns of Sen. Mugo are taken into account by the Committee’s amendments, which I have spelt out. This is because she is also asking for some period of time and agreement between both the lender and the borrower. That is what we have provided for as a Committee. I want to persuade Sen. Farhiya to drop that amendment. view
• 9 Jun 2020 in Senate: Madam Temporary Chairperson, I beg to move - THAT clause 27 of the Bill be amended- (a) by renumbering the existing clause as subclause (1); (b) in the new subclause (1) by inserting the words “entered The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 9 Jun 2020 in Senate: into prior to the declaration of a pandemic” immediately after the words “of obligations”; (c) by inserting the following new subclauses immediately after the new subclause (1)- (2) The Cabinet Secretary responsible for matters relating to finance shall- (a) in consultation with the association representing the largest number of lending institutions, prescribe an eligibility criterion for a moratorium under subsection (1); and (b) prescribe the criteria to be applied by a lending financial institution in determining the period for which the moratorium will apply with respect to its borrowers. (3) A statutory agency shall not charge fees, interest or penalties ... view
• 9 Jun 2020 in Senate: Madam Temporary Chairperson, I beg to move - THAT the Bill be amended by deleting clause 28 and substituting therefor the following new clause- 28. Where a contract was entered into before the declaration of a pandemic and the pandemic affects the performance of a contractual obligation- (a) the defaulting party may give notice of default in writing to the other party citing the reason for the default to be as a result of the pandemic; and (b) the parties to a contract may enter into an arrangement to review the terms of the contract and to extend the timelines ... view
• 9 Jun 2020 in Senate: Madam Temporary Chairperson, at the end of the day, both parties must agree. We cannot determine on behalf of two individual contracting parties. This one also covers the issues of Clause 29 which we seek to delete after this. view
• 9 Jun 2020 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 9 Jun 2020 in Senate: Madam Temporary Chairperson, I beg to move - THAT the Bill be amended by deleting clause 29. I seek to propose that we delete Clause 29. Clause 29 was a very controversial one. We felt that if we have Clause 28 as it is, where the contracting party is able to agree, then there is no need to prescribe it for tenancy agreements. That is the amendment on Clause 29. view
• 9 Jun 2020 in Senate: Thank you, Madam Temporary Chairperson. Sen. Mugo’s amendment was deleting one of the clauses and substituting it. The substitution was to say that if a tenant who is vulnerable or belongs to a vulnerable household owing to the impact of the pandemic is unable to meet the obligations because of the pandemic, then they give notice. There is a requirement for proof of inability to meet the obligations and review the terms of agreement for the duration. Madam Temporary Chairperson, the biggest concern - we went on and on about it in the Committee - many Senators and other stakeholders ... view