Peter Njuguna Gitau

All parliamentary appearances

Entries 571 to 580 of 1718.

• 14 Mar 2012 in National Assembly: The Committee was able to generate very prudent recommendations that are geared to stabilizing the Kenya shilling. I would also note that the Committee had 27 sittings within 90 working days. This is really commendable. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, inflation in this country has affected the entire country. About 40 million people were affected and the cost of living was really bad. The price of kerosene, petrol and maize flour was very high. Even our secondary schools were not able to buy maize meal for the students. It is, therefore, important that the Government must take very decisive action to address some of these problems. We also note there was the issue of hoarding of foreign currency. This should be discouraged entirely. view
• 14 Mar 2012 in National Assembly: We note that the Committee has recommended some penalties on this financial crime. I would think that the best penalty should be about Kshs5 million as a deterrent. We also note that the banks were able to make skyrocketing profits. We have seen this and it was evident when the banks were declaring their end of year results. It is, therefore, important that the banks concerned must plough back something to their customers who are now being faced with very high interest rates. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, on the discount window facility, this is a constitutional legal entity. Nobody in this country should be allowed to abuse this facility. It is clearly spelt out by the Committee how certain institutions messed up with this window. This should not be allowed to happen in future. view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, on the banks that benefited from this window, we note that some of them have really done good work in this country. We have banks such as Equity Bank and Kenya Commercial Bank that have already expanded their network branches within the country and outside. For instance, KCB is in Southern Sudan, Rwanda and elsewhere. This is creating employment for Kenyan youth. We should encourage this expansion. view
• 14 Mar 2012 in National Assembly: We have seen the National Bank of Kenya which was a collapsing bank being revived by Mr. Marambii. This is really commendable to that leadership. We have also seen the Co-operative Bank doing a very good job. view
• 14 Mar 2012 in National Assembly: With regard to Equity Bank, I am excited that this bank has been able to support the poor in the society on educational programmes. For instance, in my constituency, they were able to give bursaries to very needy students. Therefore, these banks are doing a good job and they should be able to plough back some of the huge profits to wananchi . view
• 14 Mar 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, finally, let me congratulate the newly appointed Minister for starting functions at the Treasury in a very committed manner. I hope that he will be able to make sure that the lives of Kenyans are really improved. view
• 14 Mar 2012 in National Assembly: With those few remarks, I beg to support the amended Motion. view
• 13 Mar 2012 in National Assembly: Thank you, Mr. Speaker, Sir. It is a small point. Since the Assistant Minister has admitted that the four senior officers were unfairly dismissed, could he, therefore, prepare to make sure that as he prepares the response for this House, he also makes sure that the four officers are immediately reinstated? view