Lewis Nguyai

All parliamentary appearances

Entries 531 to 540 of 793.

• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, as you may realize, in fact, I have to delegate one of the Ministry of Finance Questions because I had very many today. I am not here as the Minister for Finance as yet, but I can see that there are signs--- view
• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, it was also on a light note. Normally, the spread of interest rates depends on the duration of time that the deposits or savings are made. If you look at what I would not necessarily call cheap deposits---. I mean deposits that come in on a day and go out in probably less than three months. Obviously, they are more expensive to the bank and they would not attract a higher interest rate. If you look at the ones that have a wider spread, you can find that the ones that are over three months, the margin ... view
• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, one of the reasons why small loans are more expensive than others is because of the risk factors that we have when it comes to assessing the small loans. What we have tried to do so far is to get shared information by creating information systems through the credit reference bureau. I think it will be very difficult as of now to assess the ability of certain individuals on how they can access loans. However, I think with time we should come up with good legislation that allows us to share information on this issue. view
• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, yes, banks have been making a tremendous amount of profits as, probably, other businesses in this country. I might be quick to first point out that the big amounts of profits are realized from the well-performing loans that are normally borrowed by large corporations that do business with these banks. I do not have the specific tabulation of what percentage of loans are not performing. However, I can easily say that a majority of the non-performing loans come from individuals. The mechanism that we need to put in place is how we can fairly assess individuals and ... view
• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, the new dispensation, in effect, will bring a better business environment and more efficient services. This will bring down the cost of doing business. We must realize that we are in a free market economy. We are trying to adopt the most competitive and efficient ways of doing business. As such, it is the new monetary policies and laws contained in the Constitution that will make this a better country. view
• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, I beg to reply. (a) The Ministry of Finance allocated Kshs20 million to the Ministry of Education to enable the officers to monitor projects under the Economic Stimulus Programme (ESP) that is Centres of Excellence and Primary Schools. An additional Kshs47 million was released to the Ministry of Education for ESP training. (b) The Ministry of Education and Ministry of Public Works have undertaken the following measures to ensure quality of construction and timely completion of the projects: 1. All schools must have valid procedurally appointed District Infrastructure Committees (DICs) and School Infrastructure Committees (SICs) for supervising ... view
• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, we allocated Kshs20 million to supervise the effective monitoring of ESP projects through the Ministry of Education. Just as I had explained, we were unable to provide any additional funding but we have requested the Ministry of Education, through this House, to ensure that they make that requisition and it will be considered in due time. view
• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, you will realize that this is for the Projects Monitoring and Evaluation. It is not a daily expense. It is for ad hoc visits, when need arises, to ensure that supervision is done. view
• 10 Feb 2011 in National Assembly: Mr. Speaker, Sir, we are working in close consultations with the Ministry of Education to ensure that the ESP projects are not white elephants, but instead, become successful. We are now looking at the full requirements of particular centers to be put in place. Once we see the requirements, we will see what budgetary provisions we will make. view
• 10 Feb 2011 in National Assembly: Thank you, Mr. Speaker, Sir. As I had said before, we are consulting with all Ministries that have been implementing the ESP projects to see what additional requirements are needed so that they become successful and fruitful. view