Dr. Oburu Odinga

All parliamentary appearances

Entries 871 to 880 of 1650.

• 20 Jul 2011 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. view
• 20 Jul 2011 in National Assembly: (a) As at 31st May, 2011, the total Government-guaranteed public debt by parastatals amounted to Kshs72,467,000,000. view
• 20 Jul 2011 in National Assembly: (b) Fifteen parastatals have defaulted in the payment and the respective amounts of defaults are as follows:- view
• 20 Jul 2011 in National Assembly: The list is a bit long and I wonder whether I could table it, although I will just mention the major ones. I will table it but let me just quickly run through. 1. The Kenya Power Company – Kshs1,487,367,793 interest is Kshs1,156,483,377.70 2. TARDA – Kshs1,681,276,000 3. TARDA Power – Kshs1 billion and interest is Kshs1.1 billion. 4. Kenya Railways – Kshs1.1 billion and interest is Kshs204 million. 5. Nzoia Sugar Company – Kshs4,605,000,000 6. City Council of Nairobi – Kshs1.8 billion and interest is Kshs2.1 billion. 7. National Housing Corporation – Kshs9,166,000 8. East African Sugar – Kshs226 ... view
• 20 Jul 2011 in National Assembly: (c) The Government has put in place measures to recover monies owed by the parastatals. These measures include monitoring the performance of defaulting parastatals and effecting recoveries whenever their financial position improves and promotion of good corporate governance within the parastatal sector. view
• 20 Jul 2011 in National Assembly: Mr. Deputy Speaker, Sir, the reason why the parastatals default are varied and there are a myriad reasons why they default. I want to give an example of the National Housing Corporation (NHC). The loans which are guaranteed are passed on to the local government authorities like the municipalities. When the municipalities default, the NHC also defaults in the payments but because we guaranteed, we pay it. So, I cannot give any one single reason for all the parastatals which have defaulted because the reasons are varied. As to whether they are politically instigated, I do not know of any ... view
• 20 Jul 2011 in National Assembly: Mr. Deputy Speaker, Sir, when we talk of parastatals we mean, where the Government has controlling shares. At the time the guarantees were given, this was a government parastatal. That is why the Government gave those guarantees even if eventually they became partially private. As the guarantees stand, the Government is obliged to pay as an obligation when they default. view
• 20 Jul 2011 in National Assembly: Mr. Deputy Speaker, Sir, the Government has lost the controlling shares and therefore it is not--- view
• 20 Jul 2011 in National Assembly: Mr. Deputy Speaker, Sir, the guarantees still stand. That is what I replied. view
• 20 Jul 2011 in National Assembly: Mr. Deputy Speaker, Sir, when there is a guarantee, the Government recovers whatever the Government has paid on their behalf from them just like it does for State parastatals. view