Onesmus Muthomi Njuki

All parliamentary appearances

Entries 191 to 200 of 588.

• 20 Apr 2016 in National Assembly: We are very angry! view
• 19 Apr 2016 in National Assembly: Thank you, Hon. Speaker, for giving me an opportunity to comment on this Petition. Very decent people live in Kibera and I have friends there. There are a few gangs that have made that place a “banana republic”. You will be surprised to see a broom hanging on an electric wire. Do not touch it. That is not a broom. That is what they normally use for illegal connections of electricity. That broom has a live electric wire passing through it into the House. It is that bad. The problem with this is not the people who are doing the ... view
• 14 Apr 2016 in National Assembly: Thank you, Hon. Deputy Speaker. I want to laud the President’s Address. I decided to sit where I sat on the day he gave his Address for fresher memories. I want to note with appreciation the charisma, statesmanship and tolerance the President showed as he addressed Kenyans despite the infamous firimbi movement activities that happened in the House that day. I want to note that the State of the Nation Address was not a contest between Jubilee and CORD. It was an Address to the whole nation and the issues that were addressed concern all of us. Allow me to ... view
• 14 Apr 2016 in National Assembly: Currently, we have completed the construction of 54 new technical training institutes. About 76 are ongoing. This means that we are bringing another angle to the education sector to deal with the issue of scarce technicians in the growing economy. This will ensure that we stop importing technicians when building railways and constructing the 5,000 megawatt power plant in the country. For the first time, we have seen serious expansion of electricity connectivity especially street lighting which includes Chuka Town. I want to laud the Government for that. view
• 13 Apr 2016 in National Assembly: Thank you, Hon. Temporary Deputy Speaker for the opportunity to contribute to this Bill. From the outset, I want to support the Bill. Based on history, bankers, whether by profession, acquisition or extension, may not support this Bill because this is a cash cow for Kenyans. There are two types of people who normally visit banks, namely, those who take money and those who go to get that money out of the bank. The majority are the poor people who take their money for safe custody or savings with the hope of getting an interest rate that can multiply their ... view
• 13 Apr 2016 in National Assembly: Why is it that the law of demand and supply does not apply in this particular case? Obviously, most of the speakers before me have mentioned that we have cartels in this country which collude with banks. They sit down and agree to peg their interest rates at a higher rate than that of Treasury Bills interest rates. They agree to follow the same route and the poor Kenyans have no choice, but to borrow from them. Parliament has to protect Kenyans by pegging interest rates, at least, at 4 per cent above Treasury Bills. This is going to make ... view
• 13 Apr 2016 in National Assembly: What is ailing the banking sector? Sometimes banks hawk loans while other times, they make it very hard for people to get loans. This is because of domestic borrowing by the Government. When the Government competes with locals for the same money, they have an upper hand. When there is much domestic borrowing by the Government from commercial banks, then interest rates shoot through the roof. The terms and conditions are so stringent that we do not find it worth borrowing. The conditions are so punitive that you only borrow when you are very desperate. That is why we must ... view
• 13 Apr 2016 in National Assembly: urge the Government to try as much as possible to avoid domestic borrowing and instead borrow from somewhere else. view
• 13 Apr 2016 in National Assembly: Collaterals that are demanded by banks from small-scale farmers and Small and Medium Enterprises (SMES) who borrow little money are very informal. In some situations, instead of giving a house as collateral, they take just the hearth of the house. We have circumstances where you come home and find that because you defaulted for two or three months, the hearth of your house is missing. A certain bank that operates in the village is very notorious in this case. I do not want to mention it, but we know it and this is very common in the village. Farmers in ... view
• 13 Apr 2016 in National Assembly: With those few remarks, I support the Bill. I urge the Members to support the issue of curbing bank interest rates. view