Jude L. Kangethe Njomo

All parliamentary appearances

Entries 191 to 200 of 525.

• 30 Aug 2018 in National Assembly: part of the period during which the default persists. view
• 30 Aug 2018 in National Assembly: This Section is a requirement that every banking institution must secure 10 per cent of its loan portfolio to be loaned to Small and Medium Enterprises (SMEs). This was brought by the desire to encourage banks to lend wananchi. You remember that after the capping of interest rates was done, banks withdrew their support to SMEs and generally to the citizens. This could be termed as economic sabotage because it affected many sectors of businesses. So, we are trying to secure credit to those in the SMEs who qualify for loans. Yesterday, while we were discussing this same Bill, two ... view
• 30 Aug 2018 in National Assembly: As a House, we should also be driven by the spirit of mwananchi because the banks sometimes do not listen to the citizenry. So, I stand to be advised by this House whether we go ahead with this amendment or we withdraw it. view
• 30 Aug 2018 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move. view
• 30 Aug 2018 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. Thank you, Members, for supporting this amendment. I assure Members who feel like we do not have enough data that we had researched on this and we found that small and medium enterprises (SMEs) are getting much lower than 10 per cent. However, I will reluctantly withdraw this for the following reasons: Members, let me explain to you. The Zambian Parliament passed the capping of interest rates about 10 years ago. The banks in Zambia looked for a small reason and they went to court. The court gave an injunction. The substantive case has ... view
• 30 Aug 2018 in National Assembly: What Hon. Ichung’wah has done is what we say in my language. It is like a mukurino jumping before the drums are sounded. I was in the middle of explaining why I feel that we may be doing disservice to the amendments. We should not give people opportunities to poke holes in the laws that we are making. This is an amendment that was introduced just the other day. They will go to court and say that there was no public participation on that particular amendment. I feel that it is better that I withdraw this amendment, and then we ... view
• 30 Aug 2018 in National Assembly: Secondly, the banks themselves had offered to give 10 per cent of their loan portfolio to SMEs. They have not done it yet. We know it is something that can be worked out. In the amendment, we will give the regulations on how it will be effected. I wish to withdraw the amendment. view
• 30 Aug 2018 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move: THAT, the following new Clause be inserted immediately after Clause 58— Amendment of the 58C. The Second Schedule to the Banking Act is amended by deleting Second Schedule to paragraph (d) and substituting therefor the following paragraph— Cap.488 “(d) a core capital of at least five billion Kenya shillings by the 31st December, 2021, in the case of a bank or a mortgage finance company: Provided that the provisions of this paragraph shall apply in accordance with the following table— view
• 30 Aug 2018 in National Assembly: 31st December 2019 2000 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: 31st December 2020 3500 31st December 2021 5000 view