All parliamentary appearances
Entries 901 to 910 of 1516.
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4 May 2011 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, Mr. James Maina Kamau has asked a question about rates and I think I mentioned it in my Statement that rates currently charged to the target group range between 20 per cent and 30 per cent. One of the objectives of this fund was to try and ensure that we reduce that rate. However, like I said, this has been left to banks with ourselves monitoring. One of the criteria used in terms of using M-banking platforms and other cost-reducing efforts as well as being able to use this facility--- One of the principle objectives ...
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4 May 2011 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, with regard to the question by Mr. Gaichuhie about 14 weeks training while waiting for disbursements, I need to say here quite clearly that our contracts with the banks are still not yet completely finalized. We have gone through the tender process, but the contracts are yet to be finalized and monies are yet to be released. Some institutions have already begun their own training under their own scheme and we encourage that because, therefore, it means that by the time they receive the funds, they will have people to lend to.
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4 May 2011 in National Assembly:
Mr. Kabogo has asked about cartels and this is not the first time we are hearing about this. We have heard it through Members of Parliament, the media and reports that have come to our office. We have consistently been, through radio and other media, informing the public that this is an illegal activity and there is no request for anybody to be contributing any money. What I would encourage â and this is more or less in line with the question by hon. Shebesh â is that anybody who knows people who have had to pay monies to be ...
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4 May 2011 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, there was a question asked by the Member for Gwassi on how the Ministry will monitor the banks. We will monitor them the same way we monitored the AFD programme. We have a small unit in the Office of the Deputy Prime Minister and Ministry of Finance that handles SME situations. We are developing a reporting format that all banks will now be required to follow. We expect to receive six monthly reports, first and foremost, whether the target market has been reached, the number of people who have been lent funds and the amounts ...
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4 May 2011 in National Assembly:
There was a question by Mr. Ogindo which I did not fully get. Maybe, he can just repeat it.
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4 May 2011 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, the answer to part âbâ is very clear and obvious. The framework itself is very clear that any bank that is participating and that shall utilize these monies must lend to this particular target group. That is why it is clear that for every shilling that the Kenya Government contributes into this programme, participating banks must contribute an equivalent of a minimum of Kshs5 because we wanted to bring the total up to about Kshs15 billion or a minimum of Kshs15 billion being lent to this target group. That is why the monitoring unit as ...
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4 May 2011 in National Assembly:
Point taken, Mr. Temporary Deputy Speaker, Sir. We will instruct the Attorney-General accordingly.
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28 Apr 2011 in National Assembly:
Mr. Speaker, Sir, I will bring the Statement on Tuesday, next week in the afternoon.
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30 Mar 2011 in National Assembly:
Mr. Speaker, Sir, can I relay the message to the Minister and can it be delivered on Tuesday, next week?
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30 Mar 2011 in National Assembly:
Mr. Speaker, Sir, I beg to move:- (i) THAT, a sum not exceeding Kshs27,466,736,720 be granted from the Consolidated Fund to meet expenditure during the year ending 30th June, 2011, in respect of Supplementary Estimates of 2010/2011 Financial Year (Recurrent) having regard to the proposed reduction of Kshs6,956,804,940 therein appearing. (ii) THAT, a sum not exceeding Kshs8,590,461,320 be granted from the Consolidated Fund to meet expenditure during the year ending 30th June, 2011, in respect of Supplementary Estimates of 2010/2011 Financial Year (Development) having regard to the proposed reduction of Kshs22,604,981,358 therein appearing. His Excellency, The President has given his ...
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