Robinson Njeru Githae

All parliamentary appearances

Entries 1541 to 1550 of 2672.

• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker Sir, the figure that has been flushed all over that the banks borrowed Kshs600 billion is not correct. This is overnight borrowing. You borrow today and you must repay it the following day. If you do not pay, you will be thrown out of the clearing house. Therefore, it is wrong to have the turnover as the amount that was borrowed by the banks. This amount is borrowed today and is paid the following day. First of all, it is not illegal to do so. That is actually the purpose of the Central Bank under Section 36 ... view
• 6 Mar 2012 in National Assembly: Lastly, what we need to do is to look at the dynamics of the economy. If we are to get out of the woods, we need to do the following. First, we need to reduce our inflation - and I am glad to inform this House that inflation has gone down from 20 per cent to 16 per cent. view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, those figures are there from the Kenya Bureau of Statistics. They are there! They are not my figures! It has gone down! So, we need to control our inflation. Secondly, we need to reduce our borrowing rates. I am glad to say that the interest rates are on a downward trend. That is a positive sign! Thirdly, we need to dampen our appetite for imports and, to me, this is the point that this House should be emphasizing. The House should request the Government to take all steps to dampen our imports. We must do that! ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, if Governor Ndung’u was responsible, how come now the Shilling has appreciated? If Governor Ndung’u was responsible for inflation, how come that inflation has now gone down? If Governor Ndung’u was responsible, how come that our foreign exchange reserves have gone up? What we are saying is that those were the dynamics of the economy. Lastly, we have agreed that the most important thing is price stability of our commodities, goods, exchange rates and interest rates. That is the point we need to emphasize. When the market is volatile, it only increases possibilities of speculation and ... view
• 6 Mar 2012 in National Assembly: All the economies in the region as far as South Africa and Nigeria were affected. It had nothing to do with Governor Ndung’u. That resulted, most of the times, from external causes, high fuel prices and high food prices. In fact, if you look at the submissions done, the recommendations and the summary by the Committee, they are totally at variance. Therefore, I oppose this Report and it should be rejected. view
• 6 Mar 2012 in National Assembly: With those remarks, I beg to oppose the Report. view
• 6 Mar 2012 in National Assembly: On a point of order, Mr. Deputy Speaker, Sir. You have just heard what hon. Mbadi has said – that I rubbished the Report. I did not rubbish the Report. I just said that it is wrong to blame Governor Ndung’u alone for the depreciation of the value of the shilling. I said that it has some very good recommendations. Personally, I would be amenable to the Report being amended. view
• 1 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I can read the Ministerial Statement even today since I have the answers; I can give an official response on Tuesday next week. view
• 1 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I will give the Ministerial Statement on Tuesday. view
• 1 Mar 2012 in National Assembly: Yes, Mr. Deputy Speaker, Sir. view