11 Sep 2019 in National Assembly:
(3) A bank or financial institution which contravenes the provisions of sub-section (2) commits an offence and shall, on conviction be, liable to a fine of not less than one million shillings, or in default the Chief Executive officer of the bank or financial institution shall be liable to imprisonment for a term of not less than one year.”
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11 Sep 2019 in National Assembly:
One of the terms said to be ambiguous and vague is credit facility. In this law, the terms „credit facility‟ and „loan‟ are used interchangeably. The term „credit facility‟ has not been defined in law, but the term „loan‟ has been defined in law to mean „loan includes any advanced credit facility, financial guarantee or any other liability incurred on behalf of any person‟. The court wants us to define the term credit facility using proper language. In this Bill, we have done that by removing the word „credit facility‟ because the word „loan‟ takes care of credit facility and ...
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11 Sep 2019 in National Assembly:
influence State policies and laws in their favour. State capture seeks to influence the formation of laws to protect and promote influential private interests. The first law was proposed in this House by a former Member of Parliament, Hon. Joe Donde, passed and assented to by the former President Moi, but banks were able to use courts to get their way. In 2016, this House passed the same law and they went to court again to challenge its validity. I have done my own investigations to find who this Boniface Oduor, who took this House to court is. I was ...
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11 Sep 2019 in National Assembly:
banks have become the best advocates of wananchi . They are saying that wananchi are being affected. The banks promised us when we passed this law that they were going to cause a credit squeeze and they are not going to provide credit to our SMEs and the wananchi . That is exactly what they are doing. They are withholding credit from mwananchi, so that they affect our economy. When they affect our economy, they then arm twist our Government into changing this law so that they can go back to the field which they are used to and charge ...
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11 Sep 2019 in National Assembly:
Thank you, Hon. Deputy Speaker. I stand corrected. I would like to invite Hon. John Mbadi, the Member for Suba, to second.
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10 Sep 2019 in National Assembly:
Hon. Speaker, I beg to lay the following Papers on the Table of the House: Reports on the Kenyan delegation to the PAP on: The First Ordinary Session of the Fifth Parliament of PAP held in Kigali, Rwanda, on 18th October to 2nd November 2018; The Second Ordinary Session of the Fifth Parliament of PAP held in Midrand, South Africa, from 6th to 18th May 2019.
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10 Sep 2019 in National Assembly:
Thank you, Hon. Speaker.
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10 Sep 2019 in National Assembly:
Hon. Speaker, I beg to give notice of the following Motion:
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10 Sep 2019 in National Assembly:
THAT, this House notes the Reports of the Kenyan Delegation to PAP on the Fifth Ordinary Session of the Fifth Parliament of the PAP held in Kigali, Rwanda, from 18th October to 2nd November 2018 and the Second Ordinary The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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10 Sep 2019 in National Assembly:
Session of the Fifth Parliament of PAP held in Midrand, South Africa, from 6th to 18th May 2019, laid on the Table of the House on Tuesday, 10th September 2019.
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