Mohamed Faki Mwinyihaji

All parliamentary appearances

Entries 1111 to 1120 of 1995.

• 14 Sep 2021 in Senate: Madam Deputy Speaker, I beg to move- THAT, the Senate adopts the Report of the Sessional Committee on Delegated Legislation on the Consideration of the Public Finance Management (Sinking Fund) Guidelines, 2021. view
• 14 Sep 2021 in Senate: Madam Deputy Speaker, let me give the background before delving into the content of the said report. The Public Finance Management (Sinking Fund) Guidelines, 2021, were published by the Cabinet Secretary of the National Treasury on 25th May, 2021, pursuant to Regulation 206(3) --- view
• 14 Sep 2021 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 14 Sep 2021 in Senate: Sorry, Madam Deputy Speaker. I beg to move- THAT, the Senate adopts the Report of the Sessional Committee on Delegated Legislation on the Consideration of the Public Finance Management (Sinking Fund) Guidelines, 2021, laid on the Table of the Senate on Wednesday, 8th September, 2021, and that pursuant to Section 18 of the Statutory Instruments Act, Section 205 of the Public Finance Management Act, and Standing Order 221(4)(b), annuls in its entirety, the Public Finance Management (Sinking Fund) Guidelines, 2021. Madam Deputy Speaker, the Public Finance Management (Sinking Fund) Guidelines (2021) were published by the Cabinet Secretary (CS) of the ... view
• 14 Sep 2021 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 14 Sep 2021 in Senate: accruing to or received by the fund from any other lawful source with approval of the CS; and any other source provided for by an Act of Parliament. Expenditures of the fund. Payments out of the fund shall be for redemption of Government loans and payment of expenses incidental to the loans. Other administrative expenditures shall be on the basis of annual work plans and cost estimates shall be prepared by the administrator of the fund, recommended by the Committee and approved by the CS at the beginning of the financial year to which they relate. Establishment of the sinking ... view
• 14 Sep 2021 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 14 Sep 2021 in Senate: failed to take into consideration Clause 4A (1) (e) of the CBK Act, which mandates the CBK to be the fiscal agent of the Government. The Committee observed that it was unclear how foreign exchange gains from external loans to the national Government shall be realized when the sinking fund is comprised in local currency. This observation was made on the basis that the CBK informed the Committee that whereas the sinking fund is in local currency, Kenyan Shillings, the guidelines under Guideline 5 (e) provide for the realization of foreign exchange gains from external loans to the national Government. ... view
• 14 Sep 2021 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 14 Sep 2021 in Senate: Thank you, Madam Deputy Speaker. First of all, I wish to thank all the Senators that have contributed to this Motion. I want to assure the Senate that we shall consider all other regulations that come to our Committee impartially and to the best interest of the country. Secondly, I want to thank the Governor of the Central Bank of Kenya (CBK), Dr. Njoroge, for his able presentation before the Committee. When we met the Governor on the 7th, he took time to take us through the regulations and the fears that the CBK had concerning them. He was unequivocal ... view