Dr. Kithure Kindiki

All parliamentary appearances

Entries 31 to 40 of 417.

• 2 Nov 2021 in Senate: The stock piling of debt is a matter of grave national concern. At the moment, the total debt in the country remains unclear. The Executive continues to deny that they have mortgaged the county and that the debt is not sustainable. At 70 per cent of Gross Domestic Product (GDP), Kenya‟s debt is not sustainable. I will explain why. I know that in many countries, the level of debt is quite high compared to the GDP. For example, the United States of America (USA) is about 110 per cent. In Singapore, it is about 165 per cent. In Japan, it ... view
• 2 Nov 2021 in Senate: While the countries I have cited the debt is owned by locals, most of our debt is owned by foreigners, in terms of foreign nations. While in these countries most of the debt has concessional or minimal interest rates, much of our debt portfolio is not only owned by foreigners, but is at commercial as opposed to concessional interest rates. view
• 2 Nov 2021 in Senate: For example, in Japan, 95 per cent of the debt is owned by Japanese companies or wealthy high net worth individuals, mainly elderly people who are not in a hurry to keep on investing here and there and do not want risk-averse investments. They will not call the debts any time soon. This is because most of it is owned by Japanese families in perpetuity. However, in this country, on the contrary, most of the debts are owned by foreign nationals and corporations, and the interest rates are exorbitant. view
• 2 Nov 2021 in Senate: Madam Temporary Speaker, the second reason why our debt is not sustainable is because of the question, what collateral is used against the debt in question? view
• 2 Nov 2021 in Senate: In the USA, Japan, Singapore et cetera, the debt is entirely owned by the equivalent of the Central Bank of Kenya (CBK). For example, 93 per cent of the Japanese debt is owned by the Bank of Japan. Being such, it is unlikely that the Bank of view
• 21 Oct 2021 in Senate: Thank you, Madam Deputy Speaker. I wish the Senators a happy recess. view
• 21 Oct 2021 in Senate: I support. view
• 14 Oct 2021 in Senate: On a point of order, Madam Temporary Speaker. view
• 14 Oct 2021 in Senate: Is Sen. Farhiya in order to talk to Sen. Orengo across the Dispatch Box? She is completely out of order. I plead that you direct we stick to our Standing Orders, rules and procedures of communication in this Chamber. view
• 13 Oct 2021 in Senate: On a point of order, Madam Temporary Speaker. view