Dr. Oburu Odinga

All parliamentary appearances

Entries 591 to 600 of 1648.

• 4 Sep 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, even if the investigations were done by the Ethics and Anti-Corruption Commission, I am sure that it will not find the two individuals, that is, hon. Kimunya and the Governor of the Central Bank of Kenya, guilty of having misappropriated money. view
• 9 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, I do not know how to use this microphone. view
• 9 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, I am sorry this is my first time to come here since this new system was introduced. Therefore, I am not quite conversant with it. But the issues being raised by hon. Members are quite pertinent and I would like to request that you allow me to make a comprehensive Statement on this matter next week on Tuesday afternoon. view
• 9 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, as to this particular case of Kshs4.8 billion, I would like to assure the suppliers that we shall sort out that matter of the schools by next week. We shall make sure that they are paid. view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. (a) The Government of Kenya holds 23 per cent of the total issued capital in Kenya Airways. In the just concluded rights issue, the following organizations comprised the full advisory team: the lead transaction stockbroker, CFC, Stanbic Bank Limited and CFC, Stanbic Financial Services Limited; the lead sponsoring stockbroker, Standard Investment Bank Limited; co-sponsoring stockbrokers, Kestrel Capital East African Limited, Kenya, Kestrel Stocks and Securities Limited, Uganda, Orbit Securities Company Limited, Tanzania; receiving bank, Kenya Commercial Bank Limited; lead legal advisors, Hamilton Harrison and Matthews Advocates. Other legal advisers are Mikono and ... view
• 17 May 2012 in National Assembly: (b) The submission of Provisional Allotment Letter, that is PAL, is done through authorized selling agents depending on the mandate of the lead advisory. Where the lead advisory is also an authorized selling agent, the lead advisory could submit the PALs. But in the case of KQ, the mandate of the lead advisory did not include submission of the PALs. The mandate for submission of the PALs was with the lead sponsoring brokers who were competitively appointed by KQ. view
• 17 May 2012 in National Assembly: (c) There is no procedure for appointing stock brokers to handle PALs because it is the responsibility of each shareholder to pick an authorized selling agent through whom to submit and process the PAL. Shareholders do not pay any commission to authorized selling agents. Brokers’ commission is regulated under the Capital Markets Authority (CMA) regulations. This is in the Fifth Schedule and Section (b) of the Capital Markets and Licensing Requirements and General Regulation 2002. view
• 17 May 2012 in National Assembly: Thank you, Mr. Deputy Speaker. view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, the Government was not involved in any procurement. The share issue was the KQ share issue. The Government is only a shareholder. It is the KQ which gave a lead transaction advisor the authority to draw all the documents, including the terms of references for the stockbrokers. Mr. Deputy Speaker, Sir, it is the KQ which was the lead broker in this particular manner and KQ was only given their own share to pay. In this particular respect, the Kenya Government does not pay a single cent to these brokers. The contract is signed between the ... view
• 17 May 2012 in National Assembly: Mr. Deputy Speaker, Sir, the lead sponsoring stockbroker was only dealing with the PALs of the main shareholders; that is, the KQ and KLM. All the other prospective shareholders were going through the registered stockbrokers in the market in the normal manner. But it is only these two, in the terms drawn by KQ, where this lead sponsoring stockbroker was going through. They were chosen by the KQ. The terms of reference were drawn by this lead transaction stockbroker. Those terms of reference is what stated what they were supposed to do and how they were going to be paid. ... view