Eng. Nicholas Gumbo

All parliamentary appearances

Entries 131 to 140 of 3504.

• 9 Feb 2017 in National Assembly: This Bill reminds me of an incident in 2008 when Equity Bank was opening their Bondo Branch. The Rt. Hon. Raila Odinga had just become the second Prime Minister of Kenya and we were there as Members of what was then the larger Siaya District to receive the leadership of Equity Bank to open that branch. One of the things that we decried as people who come from the lake region, was why with so much property in the form of moveable assets, some of the poorest people in this country still remain our fishermen. We put it to Equity ... view
• 9 Feb 2017 in National Assembly: Part VI of this Bill provides for the establishment of a register in which notices relating to security rights will be registered. Again this reminds me the day after Equity Bank was opened, we were again opening the CFC Stanbic Bank in Kisumu. I asked that bank a fundamental question. The bank we were opening had been designed by an architect, with the input from a quantity surveyor, a civil engineer and more particularly the input of a professional like me, an electrical engineer, to make the bank to serve the people of Kenya. I put a question to the ... view
• 9 Feb 2017 in National Assembly: Those of us who have a background in the building environment will tell you that one of the most difficult things to achieve is to design monuments such as parliaments and museums in your lifetime. But James Kimathi has designed such two edifices. I asked why a man like that would not be recognised as a national hero. In fact, I was seated where Hon. Benjamin Langat is as the Chairman of the House Broadcasting Committee. I made an impassionate plea to Hon. Mwai Kibaki to confer a national award to Mr. James Kimathi who was seated in the gallery. ... view
• 9 Feb 2017 in National Assembly: I will be proposing an amendment to Part VI of this Bill so that we also recognise intangible assets such as intelligence which you can use to get credit based on records such as what we can see. This is creativity. This is the closest you get to doing the work of God when you create something which can survive generations merely by taking a pen and paper, draw and give it to somebody and guide the builder to give it a form that is useable like we have done in this Chamber. view
• 9 Feb 2017 in National Assembly: That is not even all. view
• 9 Feb 2017 in National Assembly: That then ought to be the aspect at which we operationalise this Bill but, clearly, it is an asset. If somebody can just sit with a pen and paper and create something like Thika Road or create all these beautiful mixes of colours and patterns that you see in this House, I am defeated to see how that intangible asset cannot be used as collateral. Perhaps, that is something we need to think about when we go to the regulations that will operationalise this Bill. I would be bold proposing that we find a place for intelligence among the moveable ... view
• 9 Feb 2017 in National Assembly: Having said that, we are doing all these things to spur the economy of our country. Something is terribly wrong with the drivers of our economy today. On paper, locally and even within the International Monetary Fund (IMF), it is agreed that the Kenyan economy is growing. But, we have this paradox or contradiction of a growing economy which instead of churning out jobs is churning out joblessness. There is so much hopelessness in our country today. The economy, on paper, is growing at around 5 per cent, which is very commendable. Where is the disconnect? Our growing economy, somehow, ... view
• 9 Feb 2017 in National Assembly: school. What is wrong with our economic model? We could be clutching at some of the biggest economic lies ever told. I agree entirely with Hon. Jakoyo Midiwo that we have to look at, for example, entities like Safaricom. Hon. Temporary Deputy Speaker, kindly add me one-and-a-half minutes, so that I can wind up. Every year, Safaricom is telling us that it is churning out billions of shillings. view
• 9 Feb 2017 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I really appreciate. We are being told that Safaricom is churning out hundreds of billions of shillings in profit, but for doing what? It has been argued in some quarters that perhaps some of the work Safaricom is doing is leading to reduction in economic activity. As young people, we used to engage in tangible economic activities. Today, people in their twenties would rather be looking at how to get additional bundles to be on the internet. In fact, it has been said that the social media, of which Safaricom is a major part, ... view
• 7 Feb 2017 in National Assembly: Thank you, Hon. Temporary Deputy Chairlady. This is a good amendment because you realise that, in so far as the Proceeds of Crime and Anti-Money Laundering (Amendment) Bill is concerned, both the regulator, which in this case is the Central Bank of Kenya (CBK) and financial institutions, are actually affected by this law. Therefore, without operational independence, it becomes difficult for the director-general to rein in malpractices that, for instance, may emanate from the regulator. This is a good amendment. I support. view