3 Oct 2018 in National Assembly:
We should have proper planning so that our towns and municipalities look good. When we establish municipalities, we should not open new conduits for corruption or leakages of public funds. There should be systems that are put in place to ensure that public funds do not end up in people’s pockets. Thank you.
view
30 Aug 2018 in National Assembly:
I totally agree with you, Hon. Temporary Deputy Chairman and that is what I wanted to emphasise on. It is very important that the only people who can make laws are Members of Parliament in this House and Members of the County Assemblies. Nobody else makes laws. When a Ministry or any other organisation would like to have some regulations or some laws to be made, they must be brought to this House. I also agree with Hon. T. J. Kajwang’ that this has not been properly defined here. It is not properly drafted. People in the Treasury and the ...
view
30 Aug 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman, I beg to move:
view
30 Aug 2018 in National Assembly:
THAT, the following new clauses be inserted immediately after clause 58—
view
30 Aug 2018 in National Assembly:
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.
view
30 Aug 2018 in National Assembly:
Insertion of new 58A. The Banking Act is amended by inserting the following new section 33C in Cap. 488. section immediately after section 33B—
view
30 Aug 2018 in National Assembly:
Reserving of 33C. Every bank or financial institution shall reserve money for at least ten per cent of its loan portfolio for lending to small some loans. and medium scale enterprises. Insertion of new 58B. The Banking Act is amended by inserting the following new section 44B in Cap. 488. section immediately after section 44A—
view
30 Aug 2018 in National Assembly:
Information on next 44B. (1) Every bank or financial institution licensed of kin. under this Act shall, in respect of each savings, current or fixed-deposit account operated at the institution, maintain a register containing particulars of the next of kin of all customers operating such accounts, and shall update this register every two years.
view
30 Aug 2018 in National Assembly:
(1) A bank or financial institution that contravenes subsection (1) commits an offence and shall be liable, for
view
30 Aug 2018 in National Assembly:
each account in which there is default, to a fine not exceeding one million shillings, for every two years or
view