Dr. Oburu Odinga

All parliamentary appearances

Entries 1391 to 1400 of 1641.

• 12 Aug 2009 in National Assembly: (b) So, far the different sectors of the economy that have been affected by the recession in the major industrial countries that Kenya trades with include tourism and horticulture on account of reduced demand associated with lower purchasing power of consumers of these products. In addition, remittances by the diaspora have also been affected. view
• 12 Aug 2009 in National Assembly: (c) The Government has set up a task force comprising of key players within the economy to closely monitor the unfolding events and their impact on the economy with a view to providing timely policy interventions and thereby safeguard our economy against any adversities. view
• 12 Aug 2009 in National Assembly: Madam Temporary Deputy Speaker, the Question we are dealing with is on the effects of the global economic crisis on the economy of the country. Regarding the question that he has asked about what we are doing to attract investments in this country, first of all, we have established an Investment Authority which is charged with the responsibility of attracting investors to this country. The Authority is at the moment working on measures to reduce the number of licences which discourage investment in this country. In the past, we have had more than 1,500 levies for business coming to this ... view
• 12 Aug 2009 in National Assembly: Madam Temporary Deputy Speaker, it is true and I agree with the hon. Member that there has been a slow inflow of capital investments from the major foreign investors and development partner countries. This is because of the global economic crisis. They are unable, themselves, to raise sufficient funds to bring to our country. However, as the economic recession improves worldwide and we expect it to start improving, at least, by next year, we shall have more investments coming into the country. We also recognize that public/private partnership is crucial to the development of our country and, therefore, we are ... view
• 12 Aug 2009 in National Assembly: Madam Temporary Deputy Speaker, I have explained that the meltdown has not had a very significant effect on our economy but we have had other view
• 12 Aug 2009 in National Assembly: Madam Temporary Deputy Speaker, the reduction in the inflow of tourists to this country as a result of the global recession is because of their inability to spend on luxury when they themselves are in dire economic difficulty. The incentives we are giving is regardless of the economic recession in terms of tax incentives which we have given; in terms of people who want to build hotels, people who are bringing in the vehicles related to the tourism sector and people who are importing goods which are meant to improve on the tourism industry. We are still working with the ... view
• 12 Aug 2009 in National Assembly: Madam Temporary Deputy Speaker, the taskforce which we have established is mainly within the Ministry of Finance. It is comprised of the Central Bank of Kenya (CBK), the Capital Markets Authority (CMA), the Retirement Benefits Authority (RBA) and the Insurance Regulatory Authority (IRA). The taskforce is remitting reports to the Ministry on a weekly basis. So, this is something we are monitoring very keenly and any measures to be taken to cushion our country against adverse effects of the global economic crisis will be taken. view
• 12 Aug 2009 in National Assembly: Thank you, Mr. Temporary Deputy Speaker, Sir. I stand to support this Motion and propose amendments to it. However, the amendments that I have are not major, because the intention of the Motion is noble. It is in line with the Government policy of developing northern Kenya. That is why the Government established the Ministry of State for Development of Northern Kenya and Other Arid Lands. view
• 12 Aug 2009 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I hope that you will allow me to make my contribution and then move the amendments. view
• 12 Aug 2009 in National Assembly: Mr. Temporary Deputy Speaker, Sir, as I support this Motion, I know that the history of this country is such that the northern Kenya region was neglected. The approach to the economic development of this country was based on the returns on investment. That approach meant that monies were being put into the high potential areas, where return on investment was very high. However, return on investment can only go up certain limits. Beyond those limits, the returns will be negative. Therefore, we have what we call in Economics “The Law of Diminishing Returns”. view