Ndiritu Muriithi

All parliamentary appearances

Entries 121 to 130 of 472.

• 15 Mar 2012 in National Assembly: Mr. Chairman, Sir, the last function is finance. So, I think that to base the whole question of the constitutionality of this memorandum on the simple question of whether there is, in fact, an equivalent of the National Security Council at the county level, is erroneous. view
• 15 Mar 2012 in National Assembly: Mr. Chairman, Sir, as I conclude, I think most hon. Members agree that the Governor elected by the people of that county, surely, has a role to play in the policing of that county and view
• 15 Mar 2012 in National Assembly: On a point of order, Mr. Temporary Deputy Chairman, Sir. I am just wondering because, the matter on which the Committee is going to report to the House involved you substantially. I just wonder procedurally whether that presents a challenge. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I thank you as I rise to support. I am pleased that the House found it possible to amend this Motion. Most of the recommendations in this report - I think every speaker before me has said it - are excellent and we should implement them. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, it seemed, of course for a moment, that the findings did not support one particular recommendation. In particular, I want to point out that in the course of that crisis, the CBK did in fact issue in excess of 13 circulars seeking to guide the way the market was performing. Could they have done better? I think most people accept that we could have done better, but to say that nothing was done is also not correct. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, it is also true what hon. Members have said, that there are some acions that we should have taken on the fiscal side to ease Government expenditure; the key issue was managing inflation on one hand and managing exchange rate on the other. The whole idea of higher rates was to slow down credit and, therefore, slow down inflation; this could also have been achieved by setting activities on the fiscal side that could have involved a bit of belt tightening. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I want to correct one misperception that exists in this country, which is that banks make abnormal profits. I want to explain very clearly that when a bank says it has posted Kshs10 billion or Kshs15 billion in net profit, one must look at what were the assets deployed in order to make these profits. What you will find is that these banks, in fact, their return on assets and investments is nowhere beyond 5 per cent as compared to other industries like the Telecommunications industry, where return on assets and turnover is in excess ... view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the reform of the financial sector is not just about how to reduce that spread between what depositors are being paid and what they are paying by way of interest rates. What we really require is full reform; reform that makes the capital market function so that Kenyans in productive sectors have other sources of capital and they do not only have the banks from which to borrow money to engage in economic activities. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, these reforms must surely include strengthening the Capital Markets Authority. It must include deepening and extending the instruments available in the capital markets, making it easier for small business to access long-term capital. These reforms must be comprehensive. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, until recently, with the advent of mobile money with M-Pesa and other brands in the mobile money transfer business, only less than two million Kenyans were accessing financial services. We cannot claim--- view