Uhuru Kenyatta

All parliamentary appearances

Entries 961 to 970 of 1613.

• 16 Jun 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, that is, indeed, a good point. I will come back to that later. view
• 16 Jun 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I hope that through my presentation, I will, indeed, clarify. view
• 16 Jun 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, on 12th July, 1993, pursuant to the same Section 3B, of the Guarantees Act, Cap.461 of the Laws of Kenya, this House, indeed, did approve the increase of total contingent liability from Kshs40 billion to Kshs80 billion. At the time of setting the ceiling, the Government guaranteed debt stood at US$992 million, equivalent to Kshs57.5 billion at the rate of Kshs58 to the US Dollar prevailing at the time. view
• 16 Jun 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, since that time, repayments have been effected and new loans have been contracted under the Guarantee Loans Act and, as at the end of May, 2011, the guaranteed debts disbursed and outstanding on contractual basis stood at US$874 million, equivalent to Kshs75 billion. view
• 16 Jun 2011 in National Assembly: The outstanding guarantees on a contractual basis as at 31st May to the Republic or to the Government of Japan was a total of Kshs822 million; that is view
• 16 Jun 2011 in National Assembly: Thank you, Mr. Temporary Deputy Speaker, Sir. The state corporations guaranteed as at the end of May 2011 are as follows: Kengen to Japan, Kshs29.37 billion; Kenya Ports Authority to Japan, Kshs28.185 billion; Kenya Broadcasting Corporation to Japan, Kshs6.756 billion; Tana and Athi Rivers Development Authority again to Japan, Kshs2.791 billion; East Africa Portland Cement Company to Japan, Kshs3.468 billion; Telkom Kenya to Canada, Kshs394 million; Nairobi City Council to the United States of America, Kshs291 million; Kenya Railways Concessioning again to World Bank, Kshs3.856 billion, giving a total contractual debt guaranteed at Kshs74,979,000,000. The total effective outstanding guarantees on ... view
• 16 Jun 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, it is, therefore, observed that there is little room for additional guarantees, hence the urgency of enhancing the limit from the current ceiling of Kshs80 billion. New projects are to be covered by the new ceiling’s intended borrowing over the next remaining two years of the Medium-Term Plan 2010/2011 and the first plan under Vision 2030. As part of the efforts to sustain the economic growth over this period, and to continue to fight poverty, the Government plans to enhance investment in physical infrastructure, especially in the energy sector. Therefore, public corporations implementing the infrastructure ... view
• 16 Jun 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the Government policy on external borrowing is to guarantee loans on concessional terms, and I would like to inform the House that except for very special cases, the policy has been maintained. Over 70 per cent of the projected external borrowing to be guaranteed will be on concessional terms. The quantum and terms will be reported to this House in accordance with the requirements of the Public Audit Act, 2003, as well as the Public Finance Management Bill, 2011, which will be tabled in this House soon. view
• 16 Jun 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, in reviewing the ceiling, we also need to consider the fact that the guaranteed debts will be denominated in all major world currencies, but mostly in Euros, Yen and US Dollars. Exchange rates between these countries and the shilling fluctuate, mostly upwards. To avoid the need to review the view
• 16 Jun 2011 in National Assembly: Thank you very much, Madam Temporary Deputy Speaker. Let me take this opportunity to thank all Members who have contributed. I have taken note of all the issues that they have mentioned. I especially really emphasize once again that when Sessional Papers are brought before the House on specific projects, that will be the time for Members to thoroughly interrogate them and to ensure that the monies that will be guaranteed will be put to use and will ultimately be for the benefit of this Republic and for the people of this country. view