Jude L. Kangethe Njomo

All parliamentary appearances

Entries 201 to 210 of 525.

• 30 Aug 2018 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. This particular amendment is informed by the desire to have strong and stable banks. The same law had been proposed in 2016, but there was an outcry by banks. They asked for execution to be delayed for two years which are lapsing now. In the meantime, two banks have failed. Imperial Bank collapsed. Chase Bank collapsed, although it is currently coming to life again. This amendment is asking the banks to improve on their core capital from Kshs2 billion to Kshs5 billion in a period of three years from 2019 to 2021. When we ... view
• 30 Aug 2018 in National Assembly: My prayer to Members is that they support this amendment so that we have strong banks that do not collapse with customers’ money, and that will support the economy of our country. I would like to cite an example. In Nigeria, when the Nigerian Parliament passed the increment of core capital, Nigeria had over 100 banks, many of which were jua kali banks which were almost collapsing. They were forced to come together and today Nigeria has 10 very strong banks which are not collapsing and are supporting its economy. I want to persuade you to support this so that ... view
• 29 Aug 2018 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. I empathise with Hon. T. J. Kajwang’s fears. This is the first step that has been taken to provide housing in Kenya. This is something that we ought to take very seriously. I believe that this should go on. I know Hon. T. J. Kajwang’s fears. He passes through the NYS gate every time he goes to his constituency. It reminds him of what happened there. This is a very good Fund which can help our people to get housing. view
• 29 Aug 2018 in National Assembly: I visited low-cost housing in South Africa which is a country that has already established its own housing fund. It is doing very well. If there is anything we can learn from them is how to manage that fund, so that it will provide housing to our low earning wananchi. Let us set aside the fears. We can see that our Government is now working on the corrupt people. If we establish a good Fund, nobody will touch that money. view
• 29 Aug 2018 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. view
• 29 Aug 2018 in National Assembly: I support the first part of the amendments on the confectionary. But the second part on money transfer, the Robin Hood tax… We were meant to understand that Robinson was a thief who was stealing from the rich and giving to the poor. The richest guy around is the Government. Yet, we are exempting the Government from paying when it transfers money. We also want the Government to support the healthcare. We want county governments to support the healthcare. So, I oppose. view
• 29 Aug 2018 in National Assembly: The Chair has just explained that it is exempted and so, I am opposing that exemption. Thank you. view
• 29 Aug 2018 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. I support the amendment by the Chair because he is effectively retaining the capping at 4 per cent above the Central Bank rate and he is removing the bottom, so that banks can now pay whatever they want to pay as interest to deposits of their customers. That is the right direction. I support what the Chairman has proposed. Thank you. view
• 29 Aug 2018 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. I wish to support this amendment by the Departmental Committee on Finance and National Planning. It is one of the amendments that I had proposed. When many customers pass on, banks take too long to identify the next of kin. Many families of the deceased lose their money. view
• 29 Aug 2018 in National Assembly: (Kiambu, JP) view