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 ...
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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 ...
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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
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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
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:
the name of micro financing, but are milking Kenyans dry. They have become shylocks, giving assets to the youths in the pretext of helping them but exploiting them because the Banking Act does not regulate them. If we want to renegotiate some of the misfortunes that we have gotten into as a country; inability to create enough employment, effects of capital flights from the country and migration of investors to the neighbouring countries, we must start by addressing the Banking Act. We must start by putting the framework both in policy and legally to ensure that even young investors who ...
view
1 Nov 2023 in Senate:
the name of micro financing, but are milking Kenyans dry. They have become shylocks, giving assets to the youths in the pretext of helping them but exploiting them because the Banking Act does not regulate them. If we want to renegotiate some of the misfortunes that we have gotten into as a country; inability to create enough employment, effects of capital flights from the country and migration of investors to the neighbouring countries, we must start by addressing the Banking Act. We must start by putting the framework both in policy and legally to ensure that even young investors who ...
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