All parliamentary appearances
Entries 101 to 110 of 291.
-
11 May 2011 in National Assembly:
Mr. Speaker, Sir, I am just trying to explain why liquidity in Ufundi SACCO was a problem. The Ufundi SACCO deals with its members on a âfirst in first outâ basis. When the Ufundi SACCO suffered during the 1998 Bomb Blast, it got a compensation of Kshs215 million, which the SACCO used to buy the Ufundi SACCO Plaza. Repayments have been a problem because a lot of members leave the SACCO by natural attrition and many others borrow money. So, refunding has been a challenge to the SACCO.
view
-
11 May 2011 in National Assembly:
Mr. Speaker, Sir, when members invest in a building, they also get returns in form of rent. We all know that from the year 2000 there was massive downsizing in the Civil Service, which compounded the situation of members who withdrew their shares. There was panic withdrawal that gripped the membership, thereby occasioning a drastic demand for shares refund and, consequently, exerting pressure on the liquidity and cash-flow. That was something very drastic and for the SACCO to pick up, it can take 11 years. All of us are still suffering the shock of that bomb blast.
view
-
11 May 2011 in National Assembly:
Mr. Speaker, Sir, I am not in a position, neither will our Ministry be in a position to know how many people have not been paid unless they come up. This is a running SACCO and other members are joining it. Why would people want to move out of it? So, I need to know those who want to move out.
view
-
10 May 2011 in National Assembly:
Thank you, Mr. Temporary Deputy Speaker, Sir. I thank God for enabling me to reach here on time. I really tried to drive very fast to reach here on time to contribute on this very important Motion. For once, this Motion really shows us what we have always known behind our minds; that, all people are equal, but others are more equal than others. I am saying this because I come from the Marakwet community which is near Turkana. For a long time, the Marakwet community has also been attacked but we got peace, thanks to the coming to power ...
view
-
10 May 2011 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, I support and I cry for the Turkana.
view
-
5 May 2011 in National Assembly:
Mr. Speaker, Sir, I beg to reply.
view
-
5 May 2011 in National Assembly:
(a) The Ufundi SACCO has been applying the first in, first out formula in effecting refunds to its former members who were retrenched during the downsizing of the Civil Service in 2000. However, the money due to Mr. Ludofick Ondieki Ofunya from Ufundi SACCO amounting to Kshs31, 000 has been processed and disbursed to the member.
view
-
5 May 2011 in National Assembly:
(b) I wish to inform the House that my Ministry has been working closely with the management committee of Ufundi SACCO in the management of refunds to members without destabilizing the operations and the stability of the SACCO. This is being done in conformity with the Co-operative Societies Act, rules and by-laws. For this reason, the SACCO, with the guidance of my Ministry, has since 1999 issued refunds to the tune of Kshs100 million. In addition, the establishment of the SACCO Societies Regulatory Authority (SASRA) through the SACCO Societies Act, 2008, is playing a major role in assisting the society ...
view
-
5 May 2011 in National Assembly:
Most obliged, Mr. Speaker, Sir. I will do so. I can respond on Wednesday next week.
view
-
12 Apr 2011 in National Assembly:
Thank you, Madam Temporary Deputy Speaker. I will not even take one minute. I am so grateful to my colleague who has moved this Bill and everybody who has supported it. Just as my sister and the vice-chairperson of KEWOPA, Sophia Noor said, I want to tell God thank you so much for today on the Floor of this House, my colleagues have helped me to slay the monster called FGM. Thank you.
view