Uhuru Kenyatta

All parliamentary appearances

Entries 761 to 770 of 1613.

• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, whether this Motion is properly before this House. That is what I am contributing to. Please, if they may relax a little bit, they will also get their opportunity. view
• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I was saying that the Departmental Committee on Finance, Planning and Trade is already seized of this matter. This issue is already under discussion by that relevant Departmental Committee and which is supposed to be dealing with this particular situation. We are not saying that this House does not have the right. What we are saying is that we cannot start duplicating the work of Committees by creating ad hoc committees because that is not only a waste of resources, but also time. view
• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, is hon. Shebesh in order to say that the Executive has failed in its duties when we are already not tackling the issue as the Executive, but also dealing with Parliament on the same issue? view
• 3 Nov 2011 in National Assembly: Mr. Speaker, Sir, I beg to reply. (a) I am aware of various developments in relation to CMC Holdings Ltd and my Ministry, through the CMA, is taking various steps to facilitate the resolution of the issue and to protect the interest of shareholders and the investing public. (b) On 16th September, 2011, CMA suspended CMC from trading its shares at the NSE for a period of seven days. That suspension was further extended for a period of 90 days on 26th September, 2011. Further to that, CMA has conducted preliminary investigations into the company whose findings indicate that there ... view
• 3 Nov 2011 in National Assembly: Mr. Speaker, Sir, Mr. William Lay has a valid entry permit for Kenya issued by the Ministry of State for Immigration and Registration of Persons. I can table this. view
• 3 Nov 2011 in National Assembly: Mr. Speaker, Sir, it is really not a genuine challenge to myself as the Deputy Prime Minister and Minister for Finance. The Question that I was asked was whether he had a valid working permit and I have produced the work permit in accordance with what the Questioner had wanted. As to other issues, I think there is a more relevant Ministry that can answer the issues that the Questioner is asking. view
• 3 Nov 2011 in National Assembly: Mr. Speaker, Sir, I was not aware that Safaricom was experiencing some issues, except the normal market conditions. But in this particular case, the ongoing controversy has the potential of allowing either loss of value to existing shareholders. That is why it was necessary to suspend, while we await both investigations and the various claims that have been made, so as to protect, ultimately, the minority shareholders from losing value on shares that they hold. But I am not aware of the same applying to, or any controversy surrounding Safaricom. view
• 3 Nov 2011 in National Assembly: Mr. Speaker, Sir, we are not aware of that. But there have been claims that such is the case. Those are the matters that are subject to the investigations that I referred to in my answer. view
• 3 Nov 2011 in National Assembly: Mr. Speaker, Sir, the suspension, like I have said, is one of the powers that it has. The results of the investigations that I have talked about, which are being conducted by the CMA can result to further investigations by other agencies. However, we are aware that we need to continue to strengthen the CMA. That is part of the amendments that we are bringing to the Capital Markets Authority Act, which we hope that this Parliament will enact to further strengthen the hand of the CMA to deal with such issues. view
• 3 Nov 2011 in National Assembly: Mr. Speaker, Sir, as I have said, the issues around the CMC are subject to ongoing investigations. Once those investigations are complete, maybe action can be taken in order to protect investors of the CMC Holdings. However, on the issue of the validity in the country or otherwise of the Managing Director, I repeat that that is not the preserve of the Ministry of Finance, but rather the preserve of the Ministry of State for Immigration and Registration of Persons. view