Hon Samson Ndindi Nyoro

All parliamentary appearances

Entries 71 to 80 of 491.

• 11 Aug 2021 in National Assembly: convergence of issues that bring around the fostering of these kinds of companies that are young, highly valued and churning billionaires, who are young. One of the convergence that we can borrow as a country is like the one that we have in the USA where you have Wall Street, which is the finance street converging with the Silicon Valley, which is the home of innovation. We must ask ourselves as the Kenyan leaders why the environment within the USA is so conducive for tech and especially fintech. One of the issues is a policy that was made in the ... view
• 11 Aug 2021 in National Assembly: If you looked at the current list of billionaires across the world, the only other sector rivalling tech is fashion. The current number one richest person in the world is the biggest shareholder of Moët Hennessy Louis Vuitton (LVMH), which is about fashion. Other than him, the other top 10 are based in technology. That includes Jeff Bezos, Amazon, and Microsoft, churning several billionaires among them Bill Gates, Steve Ballmer, down the line you will find Mark Zuckerberg. I am just trying to reinforce the fact and the importance of having a conducive environment and convergence of factors for us ... view
• 11 Aug 2021 in National Assembly: Let me come back home. I have to say there is a very worrying trend in this country. Fintech should bring about efficiency within the finance sector. However, in Kenya, we have fintech fostering slavery. The people who cannot pay are the ones being lent. Therefore, it perpetuates slavery. You find that many of the young people in this country have one loan or the other in these applications because the kind of borrowing that we are encouraging in this country is based on consumerism. People borrow to consume at the expense of borrowing to grow, to invest and promote ... view
• 11 Aug 2021 in National Assembly: just abnormal, but criminal that we continue to tie our citizens with debt. This is only beneficial to the owners of the lending applications. view
• 11 Aug 2021 in National Assembly: Thank you very much, Hon. Temporary Deputy Speaker. First of all, I wanted to rise on a point of order because the Member referred to the borrowers as boys. It is not all the borrowers who are boys. However, Hon. Temporary Deputy Speaker, allow me to ventilate on this matter of digital lending and start by saying that when we talk about digital lending, we are simply talking about fintech. Fintech is the convergence of finance and technology. This is a subsector within the larger technology sector. The second one from fintech, which is the number one currently in the ... view
• 11 Aug 2021 in National Assembly: These people were encouraged to go to the USA and, of course, the proximity of Stanford University around Silicon Valley also gave the environment for their success. Where they went to school was another factor. Even after schooling, whether you dropped out or you completed, there was a good market for your brain in the name of Silicon Valley. We should actually be talking about our Konza City, which currently is just on papers. These are the kind of things that make economies grow at a pace that we are seeing them grow. view
• 11 Aug 2021 in National Assembly: If you looked at the current list of billionaires across the world, the only other sector rivalling tech is fashion. The current number one richest person in the world is the biggest shareholder of Moët Hennessy Louis Vuitton (LVMH), which is about fashion. Other than him, the other top 10 are based in technology. That includes Jeff Bezos, Amazon, and Microsoft, churning several billionaires among them Bill Gates, Steve Ballmer, down the line you will find Mark Zuckerberg. I am just trying to reinforce the fact and the importance of having a conducive environment and convergence of factors for us ... view
• 11 Aug 2021 in National Assembly: Let me come back home. I have to say there is a very worrying trend in this country. Fintech should bring about efficiency within the finance sector. However, in Kenya, we have fintech fostering slavery. The people who cannot pay are the ones being lent. Therefore, it perpetuates slavery. You find that many of the young people in this country have one loan or the other in these applications because the kind of borrowing that we are encouraging in this country is based on consumerism. People borrow to consume at the expense of borrowing to grow, to invest and promote ... view
• 10 Aug 2021 in National Assembly: Thank you very much Hon. Temporary Deputy Speaker for giving me time to contribute. Because we are talking about a health Bill, I am just from Kiharu attending what we call masakaya for two families: mama Wanjiru and Baba Maina. I pass my condolences to the family. view
• 10 Aug 2021 in National Assembly: This is a very important Bill from where we sit. I have been listening to the many contributions from my colleagues. At the outset, having perused the Bill, it is inhumane for us to penalise people who may not be able to contribute to the fund. As a majority of us know, our country is currently bedevilled economically. It will not be good for us as representatives of the people to pass a Bill that seeks to penalise especially the contributors when they fail to do so because we know and understand the times we are living in. view