Peter Kyalo Kaindi

All parliamentary appearances

Entries 11 to 20 of 139.

• 15 Aug 2007 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. (a) I do hereby table the list of insurance brokerage firms/companies which were engaged by Sony Sugar Company for the last ten years. (b) Sony Sugar Company is still owed money in pending claims by Kenindia Assurance Company Limited and APA Insurance Company. (c) Sony has instructed its lawyers, in this case Okongo and Advocates, to institute legal proceedings against APA Insurance Company for recovery of sums owed while it continues negotiations with Kenindia Assurance Company Limited to settle the pending claims. Mr. Deputy Speaker, Sir, I wish to table the list ... view
• 15 Aug 2007 in National Assembly: Mr. Deputy Speaker, Sir, we are talking about Kshs11 million in relation to Apollo Insurance Company and, variously, Kshs47 million relating to Sailor, Kenbright and August 15, 2007 PARLIAMENTARY DEBATES 3175 Notcutt. view
• 15 Aug 2007 in National Assembly: Mr. Deputy Speaker, Sir, again, not to appear to repeat myself, I have said that from the year 2002, the insurance broker involved was Notcutt Insurance Brokers Limited (NIBL). Up to 2004, we are talking about Sailor Insurance Brokers Limited (SIBL). From 2006 to 2007, we are talking about Kenbright Insurance Brokers Limited (KIBL). The underwriter is Kenindia Assurance Company Limited (KACL). The total claim is Kshs47,319,675. view
• 15 Aug 2007 in National Assembly: Mr. Deputy Speaker, Sir, we are doing two things. One, we are liaising with the Auditor-General (Corporations) to ensure that the right action is taken. I am not also satisfied that the company undertook the right measures to protect the money for the organisation. Two, we have also liaised with the lawyers to institute legal action against the persons who were involved. In this case, it is not just the brokers, but also management who were involved in that. view
• 15 Aug 2007 in National Assembly: Mr. Deputy Speaker, Sir, the period that the hon. Member is talking about was the time when Thabiti Insurance Brokers Limited (TIBL) was covering the organisation. I wish to also confirm that I have been informed reliable by Sony that the claim has now been completely settled in relation to Thabiti. The hon. Member also knows that, as hon. Members of Public Investments Committee (PIC) at that time, we discussed this matter. I have been assured that the matter has been settled. view
• 15 Aug 2007 in National Assembly: Mr. Deputy Speaker, Sir, for the actual amount, I can make that available to the hon. Member. view
• 8 Aug 2007 in National Assembly: On a point of order, Mr. Deputy Speaker, Sir. Last week, I made an undertaking to this House and Mr. Bett to lay on the Table a Report by the Tea Task Force. May I, therefore, take this opportunity to do so. There are two copies of the same report. view
• 1 Aug 2007 in National Assembly: On a point of order, Mr. Deputy Speaker, Sir. Is it then possible to get directions as to when the Question will be deferred to? I would like this Question to be deferred to Tuesday. view
• 1 Aug 2007 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. (a) To date, a total of Kshs600 million has been released for lending to coffee farmers under the Coffee Development Fund. An mount of Kshs100 million was released in October, 2006, and it has already been loaned to farmers. An mount of Kshs500 million was released to the organisation in June, 2007 and it is being prepared and processed for onward lending to farmers. (b) The interest rate charged is 10 per cent per annum on a declining balance, with a repayment period of 12 months. view
• 1 Aug 2007 in National Assembly: Mr. Deputy Speaker, Sir, I want to inform the hon. Member that, that is a newly-introduced facility for farmers. The first Kshs100 million is purely for advances. Yes, I have also noticed that the coffee cycle is more than 12 months. We have discussed that with the organisation, so that they could consider extending that time. But I also want to confirm to the hon. Member that, after the advances, we will develop the next tranche to a medium phase where farmers could borrow the money and repay in three years for rehabilitation of coffee factories and other infrastructure. view