Wahome Wamatinga

All parliamentary appearances

Entries 311 to 320 of 557.

• 1 Nov 2023 in Senate: Mr. Temporary Speaker, Sir, we are all aware that we have come from very hard economic times. Coming at the backdrop of the COVID-19 Pandemic has seen many Kenyans economic opportunities dwindle by the moment. We have a highly educated population which is composed of large percentage of young Kenyans who have endeavored to get jobs in vain. Therefore, being enterprising as they are, they have decided to start their own enterprises and the only option they have, because of the unfavourable conditions in the banking institutions we have in this country, is to borrow money from micro finances and ... view
• 1 Nov 2023 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate. view
• 1 Nov 2023 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate. view
• 1 Nov 2023 in Senate: they go and seize their assets, store them with their auctioneers. The most unfortunate, as I had said earlier on, the owners are required to pay both for the instalment storage. It is against the rule of natural justice to punish someone for the same offense multiple times, they are forced to pay higher interests, they are blacklisted and consequently, their ratings on credit, on credit reference are also lowered. This is multiple punishment for the young people. As a country that is looking forward to attracting investors, we know that charity begins at home. We must start by creating ... view
• 1 Nov 2023 in Senate: they go and seize their assets, store them with their auctioneers. The most unfortunate, as I had said earlier on, the owners are required to pay both for the instalment storage. It is against the rule of natural justice to punish someone for the same offense multiple times, they are forced to pay higher interests, they are blacklisted and consequently, their ratings on credit, on credit reference are also lowered. This is multiple punishment for the young people. As a country that is looking forward to attracting investors, we know that charity begins at home. We must start by creating ... view
• 1 Nov 2023 in Senate: It is an open secret that most young people are falling into depression because of the financial crisis that has been created as a result of a system that is insensitive, especially in the banking sector. It is insensitive to the challenges they are arising. We have seen the cost of loans going up every day, and access to the money market is becoming complicated for people who do not have collateral to put into the banks. view
• 1 Nov 2023 in Senate: It is an open secret that most young people are falling into depression because of the financial crisis that has been created as a result of a system that is insensitive, especially in the banking sector. It is insensitive to the challenges they are arising. We have seen the cost of loans going up every day, and access to the money market is becoming complicated for people who do not have collateral to put into the banks. view
• 1 Nov 2023 in Senate: It is high time we relooked at our Banking Act. We must remodel it in such a way that we must because we are aware that the bigger population of Kenya does not have access to title deeds. They do not have access to collateral that is required by the banks. Therefore, we must restructure and remodel it in such a way that it will be attractive to the young people, young enterprising investors whom we can support through a channel and an organised structure like it used to be in the formative years of this country when we had ... view
• 1 Nov 2023 in Senate: It is high time we relooked at our Banking Act. We must remodel it in such a way that we must because we are aware that the bigger population of Kenya does not have access to title deeds. They do not have access to collateral that is required by the banks. Therefore, we must restructure and remodel it in such a way that it will be attractive to the young people, young enterprising investors whom we can support through a channel and an organised structure like it used to be in the formative years of this country when we had ... view
• 1 Nov 2023 in Senate: It is unfortunate we have trained many youths, but we do not have job opportunities. I am happy that just a few minutes ago, the Cabinet Secretary in charge of Public Service, Performance and Delivery Management has detailed what he is planning to do with our youths. It is however important to note that not everybody can have a position in formal employment. It is paramount and imperative that we also create alternative options where people can learn. That starts with friendly financing services, supportive policies and avoiding exploitative financial institutions, which have come in view