14 Mar 2012 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, I would just finalize. I was saying that what is needed is comprehensive reforms of the financial sector in order to provide Kenyans with an alternative. Today, if you are looking for capital you must go to banks. Whar we need is to ensure that the capital markets provide a real alternative for Kenyans to be able to raise capital for productive activities.
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14 Mar 2012 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, I want to also say that I believe the banks can do better. The banks can do better because we know that on average, their cost of capital is in the average of 5 per cent. There is no reason why it would charge 25 to 30 per cent on the lending side. We look forward to these reforms of the financial sector. We look forward to extending proper and well structured capital to small business particularly in this country so that we can create jobs because that where it matters.
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14 Mar 2012 in National Assembly:
With those few remarks, I beg to support.
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6 Mar 2012 in National Assembly:
On a point of order, Mr. Deputy Speaker, Sir. Is it in order for the mover to mislead not just the House, but the country at large? If you have an overdraft of Kshs100,000 and yesterday your overdraft was Kshs50,000, but your limit is Kshs100, 000, then after two weeks you ran the overdraft again, would it be correct arithmetically to suggest that you take the overdraft position of yesterday, December and June and add them up? These figures are not cumulative. This is a simple technical point that we are misleading the country on. This is not a cumulative ...
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1 Mar 2012 in National Assembly:
On a point of order, Mr. Temporary Deputy Speaker, Sir. The Constitution of this great Republic, at Article 231, establishes the Central Bank of Kenya and proceeds to say that the Central Bank of Kenya shall not be under the direction of any person or any entity. So, I am seeking your guidance. As we proceed, we are now allowing the Mover to move the Motion and table the Report; will we not be violating the Constitution that we have sworn to protect? I rise to seek your guidance, first, on the admissibility of the whole exercise and to provide ...
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1 Mar 2012 in National Assembly:
On a point of order, Mr. Deputy Speaker, Sir. I have read this Report and the Committee says clearly that arbitrage is not an illegal activity. However, the Chairman has repeatedly said in his remarks that the banks engaged in arbitrage and, therefore, engaged in economic crimes and criminality. Is it in order?
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29 Feb 2012 in National Assembly:
On a point of information, Mr. Speaker, Sir.Even if you were to assume that Laikipia is a city, which obviously it is not, then the upper limit for population would be 188,875 people, according to the Constitution.
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29 Feb 2012 in National Assembly:
Mr. Speaker, Sir, I wish to say the following: The question of representation is at the heart of representative democracy.In medieval Europe in the year 1215, when the Magna Carta was signed - I was not there, Mr. Kilonzo, but this is a historical fact - there was the question of representation and the issue of taxation, for example that if you must be taxed, then you must be represented.
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22 Feb 2012 in National Assembly:
On a point of order, Mr. Deputy Speaker, Sir. For the third time, on a point of order!
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22 Feb 2012 in National Assembly:
On a point of order, Mr. Deputy Speaker, Sir. My name is Nderitu Muriithi, Member for Laikipia West.
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