Robinson Njeru Githae

All parliamentary appearances

Entries 1521 to 1530 of 2672.

• 6 Mar 2012 in National Assembly: I will do that, Mr. Speaker, Sir. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, let us really look at the cause of the depreciation of the Kenya shilling and not heap all the blame on one person. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, all the experts and economists agree on the following things: One; that the depreciation of the Kenya shilling resulted, or started mainly from the debt crisis in Europe, particularly, in Greece, Italy and Portugal. This was when there was an eminent threat of default by those countries. What happened? The euro started depreciating. The dollar started appreciating. There was actually flight of capital from euro world to the dollar. That was the beginning of the crisis. As a result the dollar strengthened, and strengthened also in relation to the Kenya Shilling. There was migration, investment to ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, not for now. I just want to finish my presentation. Thank you very much, but for now, no, Mr. Midiwo. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, secondly, the cause of the depreciation was the high energy prices. The price of fuel moved from 80 dollars per barrel to 120 dollars per barrel. This has nothing to do with Governor Ndung’u. If I may also add, the euro debt crisis had nothing to do with Governor Ndung’u. As a result, fuel prices increased. We had even supply disruptions in this country. We had tea auction boycott by Egypt which is one of our largest buyers. Therefore, what happened was that inflows of foreign exchange diminished. This had nothing to do with Governor Ndung’u. ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I really do not see what was out of order in my presentation. Let me continue. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, the other cause of the high fuel prices was the Arab spring. It started in Algeria, went to Libya, Bahrain, Egypt and Yemen. It is still continuing in some of those countries. As a result, the crude oil prices again rose from 80 dollars per barrel to 120 dollars per barrel. As a result, this increased inflation. It caused fuel spikes in this country, and there were even shortages. This then resulted in panic buying of the dollar, as people tried to protect their positions, because they did not know how much it would be next ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, as I said, let us be sober. This crisis did not affect only Kenya. Our other neighbouring countries were worse hit than us. Over the same period that we are talking of; from October to December, the Kenya Shilling depreciated by 19.7 per cent. The South African Rand depreciated by 20.6 per cent. Governor Ndung’u is not the Governor of the South African Reserve Bank. In Uganda, our neighbour here, the depreciation rate was by 14.3 per cent. Again, Governor Ndung’u is not the Governor of the Central Bank of Uganda. In Tanzania, and I will ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, it is there in the internet, in the website. This is not a secret. These figures are there. Let me proceed. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, what I am saying is that let us be sober in this discussion. view