Manson Nyamweya

All parliamentary appearances

Entries 551 to 560 of 876.

• 16 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, when I look at the Question it says that the recruitment was done on 23rd April, 2010. At this time the Constitution had not been passed. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, thank you for giving me a chance to contribute to this debate. I would like to say the following: Let us not condemn banks on the issue of interest rates. If we have a proper monetary policy, if there are proper--- view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I spoke before the amendment and I am in order to continue with the Motion right now. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I am perfectly in order! view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, yes, it is not the original Motion which I had contributed to. So, I want to say that we have talked much about interest rates in this House, but the biggest issue we have is the monetary policies of the Central Bank of Kenya (CBK) and the fiscal policies of the Ministry of Finance. If they are properly handled; if the monetary policy takes place effectively without doing management functions in the market as they did last year, we will not experience high interest rates. So, it is upon us in this House to know ... view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, finally, once we pass this Motion, I hope the Acting Minister for Finance will incorporate the recommendations into the Finance Bill, so that it can be effective and assist the Governor of the CBK. It can assist the banks to do their business properly by not overcharging us, by not bringing high interest rates and by not making sure that at the end of the day, the economic activities of Kenyan banks do not hurt anybody. They are not going to benefit a few banks which always increase interest rates to get more money. view
• 14 Mar 2012 in National Assembly: With those few remarks, I support the Motion as it is; but more importantly, I hope the Minister for Finance will take note of the recommendations we have made under this Motion, so that they can be part of the Finance Bill which we will debate in the House. view
• 14 Mar 2012 in National Assembly: With those few remarks I support the Motion. view
• 7 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, thank you for giving me a chance to contribute to this Report. From the word go, I want to say that I support this Report. Number two, I want the hon. Members to refer to page 77 of the Report and let us go through how banks were borrowing money from the Central Bank of Kenya (CBK). view
• 7 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, in 2010 the Kenya Commercial Bank (KCB) took Kshs0.96 billion. In 2011, the KCB took Kshs148 billion. I want to explain this. This is like an overdraft facility. The overdraft facility is not backed by any asset. The meaning here is this: When the KCB went to borrow this money from the CBK, Kshs148 billion was released to the Kenyan economy. This money was paper money. It was printing money. Hon. Members, we must be serious and understand what we are talking about when we are in Parliament and we are here to represent people. view