Uhuru Kenyatta

All parliamentary appearances

Entries 321 to 330 of 1516.

• 29 Sep 2022 in National Assembly: We have an obligation to redeem our pledge to our small traders; the hawkers, view
• 29 Sep 2022 in National Assembly: and the boda bodas, that every person who sells any good or service, gets to work, and earns a decent livelihood enough to place them on the path to wealth, through saving and investment. The Hustler Economy has to flourish and form the foundation of broader economic transformation while catalysing the widening of the national revenue base. Our agenda here is to take necessary measures to create an enabling environment for business people to thrive and decriminalise enterprise. Affordable credit makes a huge difference in the rate of business growth. Access to affordable credit is like a magic formula. The ... view
• 29 Sep 2022 in National Assembly: This is a significant step towards unlocking billions of shillings needed to spur economic activity by once again expanding financial inclusion. view
• 29 Sep 2022 in National Assembly: My administration will allocate resources every year to the Hustlers Fund from which micro, small and medium enterprises can access affordable credit to start and expand their businesses. Yesterday, I promised that we will leverage on technology in the management and disbursement of these funds. Shortly, we will be bringing to this House the legislation and regulatory framework to operationalise this fund. There is tremendous opportunity for this House to fully take up its role in resolving the systemic issues that limit access to affordable homes and affordable financing. This administration will unlock housing for the nation by doing a ... view
• 29 Sep 2022 in National Assembly: Hon. Speakers and Hon. Members, I have news and it is not very good news. Our financial situation is not very good. For Kenya to grow to an upper income country, we need to invest at least 25 per cent of our Gross Domestic Product (GDP). Our current national savings is below 10 per cent of our GDP which translates to an investment-savings deficit of 15 per cent of our GDP. Over the last decade, we have sought to close this gap with public borrowing. This year alone, we budgeted to borrow Kshs900 billion to finance both development and recurrent ... view
• 29 Sep 2022 in National Assembly: Next year, we will bring it further down, so that by the third year, we have a recurrent budget surplus. This we must do because it is the right thing for us to do. On the revenue side, I am committed and determined to ensure that our tax system is responsive to the needs of the economy. It must be equitable, efficient and customer friendly. The economic principle of equitable taxation requires that the tax burden reflects ability to pay. This is best achieved by a hierarchy that taxes wealth, consumption, incomes, and lastly, trade, in that order of preference, ... view
• 29 Sep 2022 in National Assembly: public, that is the NSSF, and private only cater for people in formal employment, thereby excluding the vast majority of working Kenyans. There is no retired Kenyan today who is living on their NSSF retirement benefits. The meagre current contribution of Kshs200 a month adds up to Kshs72,000 over 30 years. There is no rate of return on earth that can grow this into an adequate pension. I mean, we just have to be honest with ourselves. You cannot pretend that you are saving by saving Kshs200 and it happens across board. Not surprising, many Kenyans scramble to provide for ... view
• 29 Sep 2022 in National Assembly: With regard to the Senate and its constitutional mandate, I believe that the two Houses should work together to set up the Senate Oversight Fund. This will be used to provide oversight of the millions of resources that are sent to counties. Hon. Members, the people of Kenya rightly expect much of us; we have our work cut out. This is our chance to achieve real change by working together to make Kenya a land of equal opportunity for all, where every Kenyan is proud to call home. Let us all play our part in the service of our employers, ... view
• 30 Nov 2021 in National Assembly: Thank you very much. Hon. Speaker of the National Assembly, Hon. Speaker of the Senate, Hon. Members of Parliament, distinguished guests, ladies and gentlemen. It is indeed my distinct honour and high privilege to once again return to the Chambers of Parliament to deliver my Eighth State of the Nation Address since my assumption of office as the Fourth President of the Republic of Kenya on Tuesday, 9th April, 2013. As always, it is a great pleasure to return to this august House, where I have had the opportunity to serve on both sides of the parliamentary divide with many ... view
• 30 Nov 2021 in National Assembly: Thank you very much. Hon. Speaker of the National Assembly, Hon. Speaker of the Senate, Hon. Members of Parliament, distinguished guests, ladies and gentlemen. It is indeed my distinct honour and high privilege to once again return to the Chambers of Parliament to deliver my Eighth State of the Nation Address since my assumption of office as the Fourth President of the Republic of Kenya on Tuesday, 9th April 2013. As always, it is a great pleasure to return to this august House, where I have had the opportunity to serve on both sides of the parliamentary divide with many ... view