14 Nov 2023 in Senate:
What technical reports does a trader in Muthurwa need to know that when he tries to log in, the thing is not working. On the question---
view
14 Nov 2023 in Senate:
Yes, Mr. Speaker, Sir. On the question of the default rates, these are figures from the Central Bank of Kenya (CBK).
view
14 Nov 2023 in Senate:
Yes, Mr. Speaker, Sir. On the question of the default rates, these are figures from the Central Bank of Kenya (CBK).
view
14 Nov 2023 in Senate:
Mr. Speaker, Sir, can I be allowed to proceed? I am the most interrupted Senator in this House for heaven’s sake!
view
14 Nov 2023 in Senate:
Mr. Speaker, Sir, can I be allowed to proceed? I am the most interrupted Senator in this House for heaven’s sake!
view
14 Nov 2023 in Senate:
Thank you, Mr. Speaker, Sir. The question of the default rate is a question of mathematics and your capacity to comprehend maths. Kshs10.2 billion outstanding as loans and Kshs3 billion out of that, which is almost 30 per cent, is listed as non-performing loans. You do not need to be a genius to know what non-performing loans mean. You take that figure of 30 per cent and compare it with the figure of the default in commercial banks. You will see which one has a higher default rate and I will provide that evidence tomorrow of what the current default ...
view
14 Nov 2023 in Senate:
Thank you, Mr. Speaker, Sir. The question of the default rate is a question of mathematics and your capacity to comprehend maths. Kshs10.2 billion outstanding as loans and Kshs3 billion out of that, which is almost 30 per cent, is listed as non-performing loans. You do not need to be a genius to know what non-performing loans mean. You take that figure of 30 per cent and compare it with the figure of the default in commercial banks. You will see which one has a higher default rate and I will provide that evidence tomorrow of what the current default ...
view
14 Nov 2023 in Senate:
Mr. Speaker, Sir, that is simple for me to do. Let me conclude.
view
14 Nov 2023 in Senate:
Mr. Speaker, Sir, that is simple for me to do. Let me conclude.
view
14 Nov 2023 in Senate:
Very well, Mr. Speaker, Sir. It is also important for you to note that out of the six people who were elected in Nairobi, I received the highest votes in Nairobi, even more than the President. So, I speak for more people than him. Unfortunately for me, I do not get the privilege of televising my telephone conversations with the traders in Muthurwa and other markets, like the President was The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate.
view