Ledama Olekina

All parliamentary appearances

Entries 121 to 130 of 4219.

• 3 Dec 2024 in Senate: We need to be clear. We have a young economy with good leadership from the Governor and this distinguished fellow whom we are now debating to approve. A man who has served at the CBK and other financial institutions in this country for 36 years is not someone you can just wish away. It is time we encouraged meritocracy. He is being nominated because he has content. He has worked and seen different governments and policies come and go. It is time we looked at everything that we are doing, allow meritocracy and support this individual. Just because he will ... view
• 3 Dec 2024 in Senate: I long for the time we will be talking about other things which maybe if I mention here my other brother will look at me and wonder what I am talking about. When you look at marijuana, there are different issues and it is a big economy. I am not equating it with miraa . We have oil and there are many products that use it, including those used in hospitals. So, there is a lot we can discuss and support with a good monetary policy one that is predictable. We do not want a system where people say that ... view
• 3 Dec 2024 in Senate: Finally, on this issue of overnight lending, it is time that the leadership of the CBK looked at it. Some financial institutions even tell you not to pay at the end of the month because banks will be doing overnight lending. Overnight lending sometimes affects businesses because banks will want to have a lot of liquidity, so that at the end of the month, they can do overnight lending to make more money and that affects how people do businesses. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be ... view
• 3 Dec 2024 in Senate: In summary, there are three key issues that I hope Gerald will put his experience in. First, how do we ensure that we regulate other lenders who are not regulated? Everyone should be regulated by the CBK. If you leave out others such that you can just come up with an application and lend money, it is not something which is going to help this country grow. view
• 3 Dec 2024 in Senate: Secondly, it is time we had a discussion on how we should treat M-pesa and Airtel Money. Let them establish financial institutions, and have a bank which is called M-Pesa, such that we can have ATMs that you can go withdraw and deposit. Currently, with M- Pesa, with ATMs, you can only withdraw, but you cannot deposit at ATMs. So, we need to be able to advance that further. We are now at a time when we fully regulate it, allow it to work well, and so, that you can even have a bank statement. I know a lot of ... view
• 3 Dec 2024 in Senate: Thank you, Mr. Temporary Speaker, Sir. On a lighter note, I was trying to follow the contribution of my colleague, Sen. Cherarkey, and I was a bit confused because I did not know whether this Bill would now give Members of County Assemblies (MCAs) or the county assemblies money. He said you should not be waiting for County Executive Committee Members (CECMs) to give you money. He also continued to address other important issues. It is always interesting when you sit down here to listen to the Senator. Even if you were dozing you cannot continue because he will say ... view
• 3 Dec 2024 in Senate: I would like to beseech the Senate Majority Leader that as we debate this Bill, we should also put some form of discipline in this issue of pension schemes--- view
• 3 Dec 2024 in Senate: How do you work? Sen. Cheruiyot has said that the retirement age should be not less than 50. In other jurisdictions, people do not even talk about retirement because the older you get, the wiser you become. However, in this country that we live in, because of the demand for jobs, people are encouraged to take early retirement. They are encouraged to go home and do something else to give room to the younger generation to take up positions. The important thing is for us to find a way of not over-legislating. That has always been one of my biggest ... view
• 3 Dec 2024 in Senate: The KRA at times charges us penalties for us not having paid to KRA the deductions. Nonetheless, the truth of the matter, the exchequer has delayed. Therefore, I would like to request that in the event that there is proof that there is a delay from the exchequer, county assemblies should not be punished. They should not be charged any interest or penalties. I would like to request that you relook at your Penalty Clause and Interest Clause. You can choose to eliminate, so that we can do God's work properly and ensure that people retire honourably. Furthermore, we can ... view
• 3 Dec 2024 in Senate: (LAPTRUST) or Local Authorities Provident Fund (LAPFUND), how is that set amount of money determined, yet, these schemes are busy investing? We should come up with a scheme whereby, we are able, and I will bring up a Statement here or a Motion to investigate these retirement schemes to see how many members they have. For instance, if you have 10,000 members, how are you paying these 10,000 members? Are you paying the 10,000 members based on a scheme or a particular amount that you have set that they will receive for the rest of their life, or are you ... view