Robinson Njeru Githae

All parliamentary appearances

Entries 1531 to 1540 of 2672.

• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, again I do not see what is out of order in my presentation. I will proceed. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I have no idea as to what he wants to inform me; let him inform me. view
• 6 Mar 2012 in National Assembly: Thank you for that wonderful information. It is appreciated. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, as I said, the only country in this region that survived this crisis is Rwanda and it survived because it has got fixed exchange rates; any other country which has a floating exchange rate suffered. I will go to the fourth reason. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, the fourth reason for the depreciation of the Kenyan shilling is our high import bill. In this country we are importing unnecessary items. We are importing - I am on record saying it - eggs, sausages, juice and oranges – completely unnecessary items. We must find a way of curtailing appetite for imported goods if this country is going to survive. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, the fifth reason is the result of the rapid development that we have all observed. There has been a high import bill of imported machinery and capital goods; you can see all the development that is taking place all over the country, particularly in infrastructure. That has had an effect on our current account, which for the last six months is in deficit. This has nothing to do with Governor Ndung’u. Governor Ndung’u has nothing to do with importation of capital goods, machinery and with the rapid development that we are now seeing. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I will now come to what the chairman emphasized, the Central Bank window. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I do not see what is out of order. I said clearly that Uganda was affected and Governor Ndung’u is not the Governor of the Uganda Central Bank. I said that South Africa was affected and Governor Ndung’u was not the Governor of the South African Reserve Bank. That is what I said. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, on the Central Bank of Kenya window, I think we need to make it very clear that in the Central Bank of Kenya window--- The CBK acts as a lender of the last resort. Before you are allowed to access the CBK window, first of all you must have borrowed money from the inter-bank market. Before you are allowed to go to the CBK, you must have taken all the other necessary steps to make sure that you are not out of liquidity. You do not just borrow automatically. It is after all these other facilities ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, as I said, the Central Bank window makes it a lender of last resort. You do not just access it “anyhowly” and when you want. You access it after you have exhausted all the other available options. Let us be clear that this is an overnight rate and whatever you borrow today, it must be repaid the following day. Therefore, it was not right to look at the total amounts, the turn over, and then you say that the banks borrowed Kshs600 billion from the Central Bank. First of all, the capital of the CBK is ... view