Dr. Oburu Odinga

All parliamentary appearances

Entries 1171 to 1180 of 1641.

• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, the report which was given by the CBK was about monies which they could not detect the sources. But when we look at the indicators which tell us whether there is excess money flowing from outside, what we look at is the rate of the shilling against the dollar, for instance. If that money came in the form of dollars, it cannot be used in Kenya unless it is translated into shillings. It is converted into shillings; what it will mean is that the shilling will strengthen against the dollar. If you have looked at the ... view
• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, I cannot confirm that because it may be just a question of capturing those monies correctly. That now settles itself when you take the balance in total. Those are the indicators which we use to see whether it was actually just an error in allocation or not. If it does not reflect in our exchange rate then it means that it is just something to do with accounting. view
• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, we are talking about two things. When you talk about the price of goods being high, it is a different thing from when you talk about the increases. Inflation is about the increases of prices and there are price indexes of essential commodities computed using Nairobi as the centre for selecting the primary goods used by the people. We look at it on a monthly basis to see whether the prices have gone up by more than five percent or not. This is how we calculate it. It is not whether the prices are high or ... view
• 6 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, I want to apologise to the House for coming late and I beg to reply. (a) Import duty on wheat grain was lowered to 10 per cent following a decision by the East African Community Ministers of Finance based on the following grounds:- (i) The East African Community region has limited capacity to produce sufficient grain wheat to meet the regional demand. (ii) In the last three years, including the current year, no East African Partner state has imported wheat grain at the import duty rate of 35 per cent. (b) Considering that we do not ... view
• 6 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, I think there are so many issues, including cost of production and the price of selling and marketing which has been raised by the hon. Member. view
• 6 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, the point we are making here is that we have come into a common market with five East African countries. In the five East African countries, there is only Kenya which produces about 300,000 tonnes of wheat. Tanzania produces very little wheat. Uganda, Rwanda and Burundi do not produce wheat at all. Though there was a threshold of 35 per cent import duty agreed earlier, there was an agreement that there would be concession for countries which are not producing wheat and, therefore, would like to be given freedom to import wheat duty free. Therefore, when ... view
• 6 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, price control in this country was abolished. Therefore, the Ministry or the Government could not have considered fixing the price of wheat. When there is shortage of wheat, the only way to remedy that is--- view
• 6 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, the price of maize was only fixed temporarily because there was a declaration of an emergency. It was only given for a fixed period of time. So, the Government does not intend to re-introduce price controls. view
• 6 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, what the Questioner asked is not about wheat which is in excess in the market but about expected bumper harvest. So, if there is excess, then it will be dealt with at the time it arises. view
• 6 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, the reduction of duty on wheat from 25 per cent to 10 per cent was as a result of a very protracted negotiation. This is because we were taking into consideration all the factors, including the interest of the consumers and that of the EAC. We did that to ensure that there is no smuggling and killing of our industries. view