17 May 2017 in National Assembly:
I am happy because the owner of this Bill has benchmarked in other countries. Other countries have already initiated similar Bills. This is protecting their industries. I believe the countries that have been quoted, like South Africa and India, are model countries we need to borrow from. There are small issues which are mentioned that need to be looked into, so that our people can enjoy some benefits, especially that of sugar. I can afford to buy sugar at a cost of Kshs210 per kilogramme, but a villager is forced to not take tea with sugar, simply because we are ...
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17 May 2017 in National Assembly:
The trade imbalances which are also captured in this Bill are well addressed. We need to encourage our markets to be export-oriented rather than being import-oriented. That one is well captured because it will encourage creation of jobs.
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17 May 2017 in National Assembly:
The trade imbalances which are also captured in this Bill are well addressed. We need to encourage our markets to be export-oriented rather than being import-oriented. That one is well captured because it will encourage creation of jobs.
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11 May 2017 in National Assembly:
Thank you, Hon. Speaker for this opportunity to support this Bill on the Nairobi International Financial Centre. I believe it is a very good Bill which will assist in mobilising resources for investment in this country. This is a very timely Bill and we need to support it. I am happy we are getting the best experiences world over on ways of mobilising financial resources. Having gone through it, I have seen in this Bill that the intention is to ensure that there is integrity in our firms and industries, especially those dealing with financial matters. People outside this country ...
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11 May 2017 in National Assembly:
Thank you, Hon. Speaker for this opportunity to support this Bill on the Nairobi International Financial Centre. I believe it is a very good Bill which will assist in mobilising resources for investment in this country. This is a very timely Bill and we need to support it. I am happy we are getting the best experiences world over on ways of mobilising financial resources. Having gone through it, I have seen in this Bill that the intention is to ensure that there is integrity in our firms and industries, especially those dealing with financial matters. People outside this country ...
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11 May 2017 in National Assembly:
Centre. This is because it sort of mobilises resources to be invested in any part of this country. That needs to be relooked. Once we come up with this Nairobi International Financial Centre, I think it is good to understand what this Bill contains. This Centre will be in charge of giving certification and not regulation so that there is no competition between this financial centre and the Central Bank of Kenya (CBK). This is because the CBK is mandated by law to regulate the financial sector in this country but the Nairobi International Financial Centre is meant to do ...
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11 May 2017 in National Assembly:
Centre. This is because it sort of mobilises resources to be invested in any part of this country. That needs to be relooked. Once we come up with this Nairobi International Financial Centre, I think it is good to understand what this Bill contains. This Centre will be in charge of giving certification and not regulation so that there is no competition between this financial centre and the Central Bank of Kenya (CBK). This is because the CBK is mandated by law to regulate the financial sector in this country but the Nairobi International Financial Centre is meant to do ...
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11 May 2017 in National Assembly:
Hon. Temporary Deputy Speaker, I am a bit uneasy with the regulations. The Cabinet Secretary in charge of Finance and the Chief Justice are empowered by this Bill to make regulation without consulting anyone else, without public participation and without even this House being consulted.
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11 May 2017 in National Assembly:
Hon. Temporary Deputy Speaker, I am a bit uneasy with the regulations. The Cabinet Secretary in charge of Finance and the Chief Justice are empowered by this Bill to make regulation without consulting anyone else, without public participation and without even this House being consulted.
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11 May 2017 in National Assembly:
We need to look at this section so that when it comes to regulations, he will need to come back to this House so that we can approve the regulations made by the Cabinet Secretary, and the ones made by the Chief Justice because we will be donating a lot of power to them. This is in terms of making law. Otherwise, I support this Bill and thank you for this opportunity to make my contribution. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard ...
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