19 Feb 2020 in Senate:
Mr. Deputy Speaker, Sir, we keep giving half-baked solutions. We put in place an Act to create a board and we do not give it teeth. It is only several years down the line that Sen. M. Kajwang’ realizes that a board is required for this Authority to function well. It is upon us to do the right thing; create a board, give it teeth and let it be able to implement what we intend to do.
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19 Feb 2020 in Senate:
It is just like what is happening in this Senate. Now we are crying every day saying that the Senate has no powers and that its mandate is being abused. It is because we do not intend to do the right thing in this country.
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19 Feb 2020 in Senate:
I hope this provision will solve the problems that fishermen and those who earn their living around the lake and water bodies face. I thank Sen. M. Kajwang’ for coming up with this proposal. We hope that this will solve the problem we have with the fishing industry. Thank you, Mr. Deputy Speaker, Sir.
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19 Feb 2020 in Senate:
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18 Feb 2020 in Senate:
Thank you, Madam Temporary Speaker, for giving me this opportunity to contribute. I support this Bill, and I am happy that our leaders at the National Assembly have been able to work on this. I think that the background under which these amendments are being brought is because of the history of co-operative societies that we have in this country. Initially, we had very successful and big co-operative societies with numbers of people investing. It The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, ...
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18 Feb 2020 in Senate:
was meant for people to come together to invest and for prosperity, but for a long time thereafter, we ended up having these co-operative societies failing. There was a lot of squandering of people’s money. Madam Temporary Speaker, there was a time I was acting for a co-operative society, and every other day, they were being sued left, right and centre by their members. Most of them were trying to withdraw. In fact, I have personally represented several people withdrawing from co-operative societies because it was no longer valuable for them. As they withdrew, you would even give them the ...
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18 Feb 2020 in Senate:
It should be easy for an individual to join or exit a SACCO. This Bill is well intentioned. We are introducing the words deposit taking SACCOs because there are so many types of SACCOs. If a SACCO is not operating as a deposit taking SACCO, you cannot use that word. If you are operating as a deposit taking SACCO, then that is what you are because the name speaks for itself. The same should apply for those that are members of these SACCOs.
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18 Feb 2020 in Senate:
The amendment in Clause 3 of the Bill is meant to determine the suitability of those that can run a SACCO society. Section 48(2) states that the Authority shall, in determining if a person is suitable and proper to serve as a director or an officer of the SACCO society consider the following- (a) the financial status of solvency of the person. That is relevant because you are going to handle people’s money. If you are a broke person, I suppose this disqualifies you (b) the academic or other qualifications or experiences of the person, having regard to the nature ...
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18 Feb 2020 in Senate:
Madam Temporary Speaker, the amendments in Clause 3 are meant to tighten the rules that govern SACCOS. The new rules address the challenges that we have had in running societies. There was a time that pyramid schemes were sprouting left, right and centre and citizens ended up losing a lot of money. Business sank because of malpractices in the management of SACCOs. I beg to support this Bill because it will help members of SACCOs societies.
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18 Feb 2020 in Senate:
On a point of information, Madam Temporary Speaker.
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