Uhuru Kenyatta

All parliamentary appearances

Entries 741 to 750 of 1613.

• 1 Dec 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, according to the valuation done by Tysons Limited, the professional firm engaged to value the assets, the open market value of the assets as at 31st March, 2011 was Kshs2,220,522,800. I wish to inform hon. Members that De La Rue is one of the leading printers of currency worldwide. The organization, therefore, has the capacity to print any currency according to specific technical specifications agreed with its customers. From a Government’s perspective, although profitability is an important consideration in investment decisions, the decision by the Government to invest in a currency printing business was a ... view
• 1 Dec 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, there is the question that was asked with regard to the lease agreement. I believe I did say that there is lease to De La Rue Currency and Security Print Limited. Earlier I said that this is the company that was incorporated in Kenya in 1992 by De La Rue PLC of the United Kingdom to operate currency and security printing business in Kenya. I went on to say that following the restructuring of the De La Rue Group, the De La Rue Currency and Security Print Limited is now 100 per cent owned subsidiary ... view
• 1 Dec 2011 in National Assembly: As to who actually signed the lease--- I have seen the lease. I want to see if there is any issue pertaining to any irregularities as the hon. Member claims. I do not believe so, because it is also signed by the PLC themselves, maybe, when they were initially starting the company itself. However, I am more than willing to look into it to see if there is any deviation. But I did say that all the assets, including the lease are to be transferred to the entity that has been hived off by Thomas De La Rue, which is ... view
• 1 Dec 2011 in National Assembly: I said more importantly that the land is still owned by the Central Bank of Kenya. With regard to the Directors, I do not have a list of the Directors of the various names. I can try and make that available to this House. But I do not have that information on me. view
• 1 Dec 2011 in National Assembly: With regard to the valuation, again, I have said that the valuation was done by Tysons Limited. That is a professional firm. They were engaged to value the assets at the open market. I said that those assets as at 31st of March, 2011 were valued at Kshs2,220,520,800. It is 40 per cent of that, that the Government was going to acquire at a value approximately 5 million UK Pounds, approximately Kshs700 million. view
• 1 Dec 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, with regard to the feasibility study, that, indeed, is a different question; there was no query here about the feasibility study. But again, if the hon. Member wishes to acquaint himself with the study that has been done, he can either put that Question, or indeed, I can make that available to the Public Accounts Committee (PAC) or any other Committee that seeks to utilize it. view
• 1 Dec 2011 in National Assembly: With regard to new notes being printed, I think I made it clear in my previous statement that there are, indeed, no new notes being printed. However, we do have what is called stocks. Stocks are being utilized until such time that we have a new currency. view
• 1 Dec 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, with regard to various other allegations made, I am not in a position to answer that. They are serious allegations. I believe if, indeed, the hon. Member has any evidence, then it should be taken to the appropriate authorities to be able to deal with them. I do not have any information that would make me accept the kind of very serious allegations that have been made on the Floor of this House. That information is not available to me. Indeed, if that information is available, I believe it should be made available to the ... view
• 1 Dec 2011 in National Assembly: On a point of order, Mr. Temporary Deputy Speaker, Sir. I also thank you for your clarification. What I told the hon. Member - I think I mentioned it last time as well - was that the issues revolving around this matter are so vast. We have been on the Floor on the same issues severally. I mentioned to him then, and I repeat it today--- I have already stated that I am more than happy to address myself to his committee, and provide it with any information that we may have on the particular matter. view
• 1 Dec 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, lastly, he has just also brought to the attention of the House the fact that this is a matter before court; it is, therefore, sub judice and I am wondering whether--- If, indeed, it is sub judice I would like your guidance as to how to treat it, or go forward. view