Kipchumba Murkomen

All parliamentary appearances

Entries 2211 to 2220 of 8498.

• 5 Nov 2019 in Senate: In Kitui County, for example, there is the Kibwezi-Kitui Road which is almost getting to Garissa. That road and the railway projects consist part of the loans that we are repaying. As a country, we are now thinking of developing a dual carriage from Mombasa to Busia so that it benefits future generations. view
• 5 Nov 2019 in Senate: As a Senate, we are not saying that borrowing is wrong or a bad thing. However, two things are important: One, is the debt manageable? Secondly, is it being utilized to construct infrastructure or long-term projects that will benefit generations? view
• 5 Nov 2019 in Senate: American President Roosevelt was one of the presidents whose actions were celebrated. After the 1930s depression, he borrowed money to construct what they call--- Sen. Kihika will help me here because she spent most of her time there studying and doing other things--- view
• 5 Nov 2019 in Senate: Yes, the interstate roads! You can see Sen. Olekina is helping me effortlessly because of his foreign experience! view
• 5 Nov 2019 in Senate: Not citizenship, I am sure he is not a foreign citizen. view
• 5 Nov 2019 in Senate: Mr. Speaker, Sir, as a result of what President Roosevelt did, the American commerce increased. Business became possible and they raised enough money to sustain the money borrowed to do the infrastructure. As a House, that is not what we are complaining about. Our concern is: Can we have a fair distribution of debt? Can we have a public register of debt that is accountable? Can we have borrowing that is used and expended on projects that can be used for many years, which can be paid by future generations who will enjoy the benefits? view
• 5 Nov 2019 in Senate: Mr. Speaker, Sir, I would like my colleagues to listen to me. When these regulations came to this House, I told myself: “ Voila! This is the opportunity for us to sort out the issues that we have been raising about debt for the last seven years.” However, when I read the regulations, I saw the report of the Committee and consulted view
• 5 Nov 2019 in Senate: 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, Senate. view
• 5 Nov 2019 in Senate: those that understand matters finance, the question of raising the debt ceiling was not going to sort out the issues we were raising. This House cannot pretend to use regulations to sort out serious issues that relate to the debt register, accountability of debt, equitable distribution of debt between us and future generations and between the national and county governments, and within communities in this country. Those problems will not be answered by the ceiling. The ceiling only sorts the ability of the Government to borrow to sort out the problems that they have at the moment. view
• 5 Nov 2019 in Senate: Mr. Speaker, Sir, I went ahead to find out from the record of this report the presentation of the Cabinet Secretary (CS). The CS is telling us that we are asking for Kshs9 trillion, but we are also working towards restructuring our debt. They have said that we have about Kshs3 trillion of that money borrowed locally at an interest rate that is up to 10 per cent. Multi-lateral agencies, including the World Bank (WB) and the African Development Bank (ADB), have offered to give us loans of a lesser interest rate, of up to one per cent. Opening up ... view