Jonathan Lelelit Lati

All parliamentary appearances

Entries 321 to 330 of 547.

• 25 Jun 2014 in National Assembly: A lot has been said about the Euro Bond and I want to say a few things about it. Before I do so, let me talk about another important aspect of this Budget. Under Article 221 of the Constitution of Kenya, we get to visit several places in this country. As Hon. Ng’ongo said, it is not in vain that the Budget and Appropriations Committee comes to your place any time they knock at the door. This year we have seen what this Committee has done; they have allocated money to every county that we went to; that is the ... view
• 25 Jun 2014 in National Assembly: important for an important industry in our country. I think the Budget and Appropriations Committee is doing a fine job, and we need to appreciate it. view
• 25 Jun 2014 in National Assembly: On the Euro Bond that we have just floated, it is the first in our Budget. This is the first time we have incorporated bond proceeds into our Budget. There is nothing that we can say that is negative about this bond; if you look at the benefits that we can have from this bond, they trigger down to the wanjikus of our villages. We are bringing about US$2 billion into our country, which is almost 50 per cent of the imports cover that we have today in our country. That will definitely strengthen the Shilling. Interest rates will come ... view
• 25 Jun 2014 in National Assembly: Gender. view
• 25 Jun 2014 in National Assembly: Gender. view
• 25 Jun 2014 in National Assembly: The other thing about this bond that is really good is the global bond participation. We will get out there in the markets outside this country; that will enable our companies to borrow abroad and be benchmarked on the interest rate that the country can get. We got less than 7 per cent for the ten-year bond and 5 per cent for the 6-year bond. view
• 25 Jun 2014 in National Assembly: Finally, we want to ask ourselves: Why was this bond so successful? The very important and obvious factors are the positive sentiments about Kenya’s economy. Our economy is well diversified; it has tourism, finance and everything. We are not a resource dependent economy like oil, a single resource. The other thing that we should know helped us float this bond in a big way is that today in the global markets, the Euro zone and Americas, there is something called liquidity traps and interest rates are almost zero. Of course, there is excess liquidity in those countries and they are ... view
• 25 Jun 2014 in National Assembly: With those few remarks, I beg to support. view
• 25 Jun 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. Today you are truly a ladies’ man. view
• 25 Jun 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. Today you are truly a ladies’ man. view